Electricity Rates in Mankato, MN
Residents of Mankato, MN benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 3 electricity providers, with BENCO Electric Cooperative being the largest.
Electricity Providers in Mankato
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| BENCO Electric Cooperative | 15.0¢/kWh | 13.0¢/kWh | Cooperative |
| Minnesota Valley Electric Coop | 14.0¢/kWh | 11.0¢/kWh | Cooperative |
| Northern States Power Co - Minnesota | 17.0¢/kWh | 13.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Mankato
At 15.0¢/kWh, a typical Mankato household spends approximately $1594.80/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Mankato
Charging an electric vehicle at home in Mankato costs approximately $135.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Minnesota
Frequently Asked Questions
What is the average electricity rate in Mankato, MN?
The average residential electricity rate in Mankato, MN is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Mankato?
Mankato is served by 3 electricity providers. BENCO Electric Cooperative is the largest provider in the area, though rates and availability vary by specific address.
How do Mankato electricity rates compare to the rest of Minnesota?
Mankato's average rate of 15.0¢/kWh is close to the Minnesota state average of 15.0¢/kWh. Rates are typical for the region.