Electricity Rates in Wood lake, MN
Residents of Wood lake, MN benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 2 electricity providers, with Minnesota Valley Coop L&P Assn being the largest.
Electricity Providers in Wood lake
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Minnesota Valley Coop L&P Assn | 12.0¢/kWh | 12.0¢/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 Wood lake
At 15.0¢/kWh, a typical Wood lake 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 Wood lake
Charging an electric vehicle at home in Wood lake 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 Wood lake, MN?
The average residential electricity rate in Wood lake, 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 Wood lake?
Wood lake is served by 2 electricity providers. Minnesota Valley Coop L&P Assn is the largest provider in the area, though rates and availability vary by specific address.
How do Wood lake electricity rates compare to the rest of Minnesota?
Wood lake's average rate of 15.0¢/kWh is close to the Minnesota state average of 15.0¢/kWh. Rates are typical for the region.