⚡ US Energy Price Monitorby KadoaUpdated weekly

Minnesota

Xcel Energy (Northern States Power Minnesota) electricity rates

What homes pay Xcel Energy (Northern States Power Minnesota) for electricity, from EIA.

Investor-owned utility, 1,254,820 homes in Minnesota. EIA lists it as Northern States Power Co - Minnesota.

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Headlines

Average price
17.1¢ a kWh
Up 1.3% on a year ago
Average bill
$106 a month
Up 3.2% on a year ago
Average use
620 kWh
A month. Minnesota 742 kWh
Price rank in Minnesota
3 of 8
1 is the most expensive

Over the 12 months to July 2026, Xcel Energy (Northern States Power Minnesota) homes paid 17.1¢ a kWh, against 16.2¢ across Minnesota.

Xcel Energy (Northern States Power Minnesota) vs Minnesota

Xcel Energy (Northern States Power Minnesota)Minnesota
Average price, 12 months to July 202617.1¢16.2¢
Price in July 202618.5¢17.4¢
Average monthly bill, 12 months$106$120
Bill in July 2026$177$169
Average monthly use620 kWh742 kWh
Price change, past year+1.3%+4.1%
Price change since 2019+25%+24%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including July 2026

Source: EIA-861M monthly utility survey. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month.

Up to and including July 2026

Source: EIA-861M monthly utility survey.