Electric companies in Minnesota
| Company | Homes served | Avg. bill / month | Avg. rate | Bill covers |
|---|---|---|---|---|
| Xcel Energy | 1,230,057 | $100 | 17.0¢ | Full bill |
| Connexus Energy | 134,095 | $105 | 13.7¢ | Full bill |
| Minnesota Power | 125,896 | $102 | 15.7¢ | Full bill |
| Dakota Electric Association | 108,097 | $100 | 14.0¢ | Full bill |
| East Central Energy | 55,250 | $138 | 16.9¢ | Full bill |
| Rochester Public Utilities | 54,943 | $100 | 17.9¢ | Full bill |
| Wright-Hennepin Electric | 53,714 | $131 | 14.6¢ | Full bill |
| Otter Tail Power | 50,118 | $95 | 11.3¢ | Full bill |
One regulated utility serves each area
In Minnesota, your electric company is set by where you live. The state regulator approves its rates, so comparing companies here mostly matters when you move.
How we calculated this
Figures come from the U.S. Energy Information Administration, Form EIA-861 (2024 data), for companies with 50,000 or more residential customers. The average bill is residential revenue divided by customers and 12 months; the rate is revenue divided by kilowatt-hours sold. Your own bill depends on your usage, plan and season. More sections for Minnesota (rent, gas and more) are added as each data set goes live.
Source: U.S. EIA, Form EIA-861. Last verified November 2026.