Minnesota electricity and natural gas rates
Electricity
16.95¢
per kWh
Natural gas
$1.44
per therm
Residential sector, US Energy Information Administration, 2026-05. Updated monthly.
How Minnesota compares
At 16.95¢ per kWh, Minnesota is below the national average of 19.41¢, making it the 30th cheapest of the 51 states we track.
What a typical Minnesota household uses
Electricity a month
737 kWh
Bill a month
$119
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.
Averaged over twelve months across 2,637,112 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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