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UtilityRateWatch

Minnesota electric rate increases

We track 1 utility in Minnesota. None has a pending rate request on file as of our last check.

Last checked Oct 2, 2026

Tracked utilities

Average residential prices in Minnesota

Statewide averages across all utilities, from the U.S. Energy Information Administration.

Electricity

Cents per kWh. Source: EIA, Electric Power Monthly

Electricity: 15.6¢ in August 2023, 17.4¢ in July 2026.13.0¢15.0¢17.0¢202320242025202617.4¢
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MonthCents per kWh
July 202617.4¢
June 202617.5¢
May 202616.9¢
April 202616.4¢
March 202615.1¢
February 202615.4¢
January 202615.0¢
December 202515.0¢
November 202515.7¢
October 202516.4¢
September 202517.1¢
August 202516.9¢
July 202516.9¢
June 202517.1¢
May 202515.8¢
April 202515.1¢
March 202515.1¢
February 202514.6¢
January 202514.5¢
December 202414.1¢
November 202415.0¢
October 202416.0¢
September 202416.4¢
August 202416.4¢
July 202416.5¢
June 202416.5¢
May 202415.9¢
April 202415.3¢
March 202414.9¢
February 202414.6¢
January 202414.2¢
December 202314.1¢
November 202314.5¢
October 202315.4¢
September 202315.4¢
August 202315.6¢

Natural gas

Dollars per thousand cubic feet. Source: EIA, Natural Gas Monthly

Natural gas: $18.12 in July 2023, $14.79 in June 2026.$5.00$10.00$15.00$20.002023202420252026$14.79
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MonthDollars per thousand cubic feet
June 2026$14.79
May 2026$12.13
April 2026$10.70
March 2026$12.24
February 2026$13.03
January 2026$11.17
December 2025$9.43
November 2025$7.99
October 2025$10.04
September 2025$16.07
August 2025$18.13
July 2025$17.31
June 2025$14.33
May 2025$12.82
April 2025$11.07
March 2025$11.09
February 2025$11.12
January 2025$11.28
December 2024$10.62
November 2024$11.05
October 2024$14.07
September 2024$16.14
August 2024$16.56
July 2024$16.37
June 2024$14.89
May 2024$10.70
April 2024$8.94
March 2024$9.40
February 2024$10.08
January 2024$9.77
December 2023$8.70
November 2023$7.69
October 2023$8.94
September 2023$15.75
August 2023$15.40
July 2023$18.12

Who approves rate changes

Investor-owned utilities in Minnesota need approval from the Minnesota Public Utilities Commission (PUC) to change their rates. Rate cases, filings and decisions are public. Search the regulator's dockets.

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