Minnesota Electricity Prices

Minnesota sits mid-pack — 16.95¢ per kilowatt-hour in May 2026, 22nd-highest of 51 and 12.7% below the national benchmark.

At Minnesota's May 2026 average of 16.95¢/kWh, 10,500 kWh of annual use works out to $1,780 a year — around $148 a month. Running the same 10,500 kWh calculation at the May 2026 national benchmark rate gives $2,038 — a $258 gap between the two published averages, less for Minnesota, not a bill either way.

Over the full EIA series the Minnesota jurisdiction average has risen 141% since January 2001, from 7.03¢ to 16.95¢ in May 2026 — a compound 3.5% per year. The path has been unusually smooth — Minnesota is among the steadiest third of jurisdictions month to month.

June 2025, at 17.12¢ per kilowatt-hour. The May 2026 reading of 16.95¢ sits 1.0% below that peak. The lowest monthly average on record was 7.02¢ in December 2001.

July. Measured over the 25 complete calendar years the EIA series covers for Minnesota, 2001 through 2025, July runs highest relative to its own year and January runs lowest — a swing of roughly 13.9 percentage points.

Among Minnesota and its land-border neighbours in May 2026, North Dakota posts the lowest average at 13.61¢ and Wisconsin the highest at 19.74¢. Minnesota ranks 4th of 5 in the group, at 16.95¢.

Almost certainly not exactly, and this is the one caveat that governs every figure on this page. The published value is the EIA residential average across every utility and residential rate class in Minnesota for May 2026 — a benchmark, never a billed amount. Even the jurisdiction figure is not one number — across the trailing year it moved between 14.96¢ in December 2025 and 17.12¢ in June 2025. Your own rate depends on your utility, tariff, usage tier, time-of-use schedule, and fixed monthly charges, none of which this index models. Read your bill for the rate that applies to you.