Minnesota Power Electricity Rates

Minnesota Power is an electric utility company that serves customers in Minnesota and is headquartered in Duluth, Minnesota. The company was founded in 1906 as the Duluth Edison Electric Company and has since grown to serve over 145,000 residential, commercial, and industrial customers. Minnesota Power operates a diverse mix of electricity generation sources including coal, natural gas, hydroelectric, wind, and solar power. The company is committed to reducing its carbon footprint and has set a goal to provide 100% carbon-free energy to its customers by 2050. Minnesota Power also offers a variety of energy efficiency and renewable energy programs to its customers to help them save money and reduce their environmental impact.

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Website

Minnesota Power Energy Sources

Minnesota Power's energy comes from coal, biomass, hydroelectric, natural gas, wind, and solar. Coal is the largest source of electricity, providing 76% of Minnesota Power's energy. Biomass is the second largest source, making up 12%. Hydroelectric provides 6% of Minnesota Power's electricity. Natural Gas provides 5% of Minnesota Power's electricity. Wind provides 1% of Minnesota Power's electricity. Solar provides 1% of Minnesota Power's electricity.

75%

Coal

12%

Biomass

6%

Hydroelectric

5%

Natural Gas

1%

Wind

1%

Solar

Minnesota Power Rates

The average electricity rate for Minnesota Power customers is 12.73 cents/kWh. Minnesota Power has several different electricity rates for residential customers, as shown in the table below.

Rate Name	Rate Type	Cost Per kWh
Residential Off-Peak Electric Vehicle Service (Renewable Energy Option)	TOU	10¢ to 18¢
RIDER FOR STANDBY SERVICE (Residential Secondary Distribution)	Fixed	1¢
Residential-Seasonal	Fixed	11¢
Residential-General	Fixed	13¢
Residential - Space Heating	Fixed	13¢
Residential Dual Fuel Interruptible Electric Service	Fixed	6¢
RIDER FOR PARALLEL GENERATION-Net Energy (Less than 40 kW)	Fixed	0
Residential Off-Peak Electric Vehicle Service	TOU	7¢ to 16¢

Minnesota Power Reliability

In 2021, there were no outages recorded in Minnesota Power.

Netmetering

Systems under 40 kW: Reconciled monthly; customer may opt to receive payment or credit on next bill at the retail utility energy rate For systems 40 kW -1 MW, NEG is credited at the avoided cost rate, or customers may elect to be compensated in the form of a kWh credit. Excess credit will be reimbursed at the end of the calendar year at the avoided cost rate.

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