Electricity Rates in Minneapolis, MN
The average residential electricity rate in Minneapolis, MN is 17.0¢/kWh based on 2024 EIA data. Northern States Power Co - Minnesota provides electricity to the area. This is 13.3% above the Minnesota state average.
Electricity Providers in Minneapolis
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Northern States Power Co - Minnesota | 17.0¢/kWh | 13.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Minneapolis
At 17.0¢/kWh, a typical Minneapolis household spends approximately $1807.44/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 Minneapolis
Charging an electric vehicle at home in Minneapolis costs approximately $153.00/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 Minneapolis, MN?
The average residential electricity rate in Minneapolis, MN is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Minneapolis?
Minneapolis is served by 1 electricity provider. Northern States Power Co - Minnesota is the largest provider in the area.
How do Minneapolis electricity rates compare to the rest of Minnesota?
Minneapolis's average rate of 17.0¢/kWh is 13.3% above the Minnesota state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.