Minnesota (MN) electricity and natural gas rates
Electricity
17.45¢
per kWh
Natural gas
$1.67
per therm
Gas and electricity in the same unit
A therm is 29.3 kilowatt hours of energy, so Minnesota's gas works out at 5.69¢ per kWh against 17.45¢ for electricity.
That compares the energy you buy, not the heat you get. A furnace throws away a fifth of every therm up the flue, while a heat pump delivers two to three times the heat in a kilowatt hour — so the cheaper unit here is not automatically the cheaper way to heat a house.
Residential sector, US Energy Information Administration, 2026-07. Updated monthly.
How Minnesota compares
At 17.45¢ per kWh, Minnesota is below the national average of 19.26¢, making it the 31st cheapest of the 51 states we track.
What a typical Minnesota household uses
Electricity a month
742 kWh
Bill a month
$120
Households in Minnesota use 14% less electricity than the national average and pay 20% less than average. Light use and a below-average rate together, which is the cheapest position a state can be in. The climate pulls the other way here: 8,000 heating degree days against 700 cooling ones, so how a home is heated matters more than how it is cooled.
More on this: the average electric bill in Minnesota, including how far it swings between seasons.
Averaged over twelve months across 2,645,042 residential accounts in Minnesota. Source: EIA.
What this means for heating
Minnesota sees around 170 freezing nights a year. Whether a heat pump beats a furnace here depends on the gap between those two prices above — not on the equipment.
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Average electric bill in Minnesota
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Cost to heat a home in Minnesota
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