Commercial electricity rates in Minnesota

What businesses in Minnesota actually paid per kilowatt-hour, from EIA's monthly utility filings. Updated monthly.

The last 36 months

Range over the period shown: 10.93¢ to 13.68¢ per kWh. Each point is a monthly state average, not an offered rate.

Minnesota by the numbers

How commercial compares with other sectors

All figures are August 2026 averages for Minnesota.

Commercial customers in Minnesota pay 22% less per kWh than households there. Nationally the commercial price sits 20% below residential, so the gap here is wider than usual.

What this costs a typical account

The average commercial account in Minnesota used 7,066 kWh in August 2026. At 13.41¢ per kWh that is about $948 for the month — computed from EIA totals, so it is the average account, mixing a large facility with a corner shop.

How the price has moved

Over the 36 months to August 2026, Minnesota's commercial price rose 3.4%, from 12.97¢ in September 2023 to 13.41¢. The high point was 13.68¢ in June 2026 and the low 10.93¢ in December 2024 — a spread of 25% between the cheapest and dearest month, which is unusually volatile for a state-level average.

Across the same period the dearest month on average was June (13.53¢) and the cheapest December (11.34¢), a seasonal swing of 19%.

Minnesota against its region

Minnesota is in EIA's West North Central division, where the commercial average was 12.07¢ in August 2026. Minnesota is 11% above that, and 6 of 7 on price within the region.

Others in the region: North Dakota, Nebraska, South Dakota, Kansas, Missouri, Iowa.

States priced near Minnesota

Source

EIA Electric Power Monthly, retrieved 2026-11-02 · methodology · all 51 states