Electricity Price History in Minnesota
Electricity cost depends on monthly usage and your state's rate. Below are historical rate trends and price change metrics for Minnesota. Data comes from EIA residential retail sales.
Current rate
15.08 ¢/kWh
1-year decrease
-0.1%
5-year increase
+16.3%
Price Trend
Summary
Electricity prices in Minnesota have increased 16.3% over the past 5 years. One year ago the rate was 15.10¢/kWh; it is now 15.08¢/kWh. Five years ago the rate was 12.97¢/kWh.
More Data & Comparisons
- Electricity inflation in Minnesota — Price growth, trends, rankings
- Electricity cost in Minnesota — Rates, value score, affordability
- Average electricity bill in Minnesota — Monthly and annual bill estimates
- Electricity cost calculator for Minnesota — Usage-based estimates
- Full Minnesota knowledge page — Rates, value score, affordability, trends
- All states price history
Frequently Asked Questions
- How much have electricity prices changed in Minnesota?
- Electricity prices in Minnesota have increased 16.3% over the past 5 years. The 1-year decrease is 0.1%. The annualized 5-year increase is approximately 3.1% per year.
- Why do electricity prices change?
- Electricity prices change due to fuel costs (natural gas, coal, renewables), transmission and distribution investments, regulatory policies, demand patterns, and weather. State-level rates also reflect local generation mix and market structure.
- Are electricity prices rising faster than inflation?
- It varies by state and period. The U.S. Bureau of Labor Statistics reports that electricity prices have often risen faster than overall inflation in recent years due to grid modernization, renewable mandates, and fuel cost volatility. Compare your state's annualized increase to CPI inflation.