Electricity Prices in Minneapolis by Year, 2018–2024
A kilowatt-hour of electricity in the Minneapolis area cost $0.148 in January 2018 and $0.166 in Dec 2024, up 12%. Overall U.S. prices rose 35% in that time, so adjusted for inflation it's 17% cheaper.
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Minneapolis U.S. average
Electricity price history in Minneapolis
Minneapolis area, per kilowatt-hour. "In today's dollars" adjusts each price for inflation with the national CPI, up to Aug 2026.
| Year | Minneapolis | In today's 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 |
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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