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Energy Profile

Electricity Cost in Minnesota

The residential electricity rate in Minnesota is 15.82¢ per kilowatt-hour (kWh), ranking #29 cheapest among all 51 US states. The national average is 17.92¢/kWh, making Minnesota 12% below average.

Reviewed by EnergyProfile Editorial Team · Updated

15.82¢

Residential

#29

Price Rank

32.6%

Renewable

Residential Rate15.82¢/kWh
Commercial Rate12.27¢/kWh
Industrial Rate9.32¢/kWh
US Average (Residential)17.92¢/kWh
Full Minnesota Energy Profile →Estimate Your Bill

Residential electricity in Minnesota runs 15.82¢/kWh, 12% below the 17.92¢/kWh national average and the 29th cheapest of 51 states and territories.

Across rate classes, commercial customers pay 12.27¢/kWh and industrial customers 9.32¢/kWh — a 2.95¢/kWh gap that reflects the volume discounts large industrial loads receive. Renewables account for 32.6% of generation in Minnesota (18th highest nationally). The largest single source is natural gas at 27.1%, followed by wind at 25.2%.

In 2024, Minnesota generated about 58,595 GWh of electricity in total.

Source: U.S. Energy Information Administration, 2026.