Electricity Prices in Minneapolis by Year, 1979–2024
A kilowatt-hour of electricity in the Minneapolis area cost $0.045 in January 1979 and $0.166 in Dec 2024, up 269%. Overall U.S. prices rose 390% over the same time, so after inflation it actually got cheaper.
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Minneapolis U.S. average
Electricity price history in Minneapolis
Minneapolis area, per kilowatt-hour. "In Aug 2026 dollars" adjusts each price for inflation with the national CPI.
| Year | Minneapolis | In Aug 2026 dollars | U.S. average |
|---|---|---|---|
| Dec 2024 | $0.166 | $0.17 | $0.196 Aug 2026 |
| Jan 2024 | $0.174 | $0.19 | $0.173 |
| Jan 2023 | $0.161 | $0.18 | $0.168 |
| Jan 2022 | $0.156 | $0.19 | $0.147 |
| Jan 2021 | $0.147 | $0.19 | $0.136 |
| Jan 2020 | $0.144 | $0.19 | $0.134 |
| Jan 2019 | $0.152 | $0.20 | $0.135 |
| Jan 2018 | $0.148 | $0.20 | $0.135 |
| Jan 1986 | $0.070 | $0.21 | $0.081 |
| Jan 1985 | $0.066 | $0.21 | $0.079 |
| Jan 1984 | $0.063 | $0.21 | $0.078 |
| Jan 1983 | $0.063 | $0.22 | $0.075 |
| Jan 1982 | $0.060 | $0.21 | $0.073 |
| Jan 1981 | $0.052 | $0.20 | $0.063 |
| Jan 1980 | $0.046 | $0.20 | $0.053 |
| Jan 1979 | $0.045 | $0.22 | $0.046 |
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Source
U.S. Bureau of Labor Statistics, Average Price Data, series APUS24A72610 (via FRED). Prices are January averages for urban areas; the newest row is the latest month published. Inflation adjustment: BLS CPI-U, all items (FRED CPIAUCNS).
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