Electricity Rates in Richmond, MN
Residents of Richmond, 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 Meeker Coop Light & Power Assn being the largest.
Electricity Providers in Richmond
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Meeker Coop Light & Power Assn | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
| Northern States Power Co - Minnesota | 17.0¢/kWh | 13.0¢/kWh | Investor Owned |
| Stearns Cooperative Elec Assn | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
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 Richmond
At 15.0¢/kWh, a typical Richmond 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 Richmond
Charging an electric vehicle at home in Richmond 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 Richmond, MN?
The average residential electricity rate in Richmond, 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 Richmond?
Richmond is served by 3 electricity providers. Meeker Coop Light & Power Assn is the largest provider in the area, though rates and availability vary by specific address.
How do Richmond electricity rates compare to the rest of Minnesota?
Richmond's average rate of 15.0¢/kWh is close to the Minnesota state average of 15.0¢/kWh. Rates are typical for the region.