Minnesota

Why is it like this in Minnesota?

Minnesota's electricity rate of about 16.4¢/kWh sits modestly above the national average. Xcel Energy raised residential rates 5.2% in Minnesota for 2025, and a pending two-year rate case could add up to $13.79/month more to typical bills if approved. At the January 2026 baseline, electricity is still the cheaper per-mile option for Minnesota PHEV drivers — though the margin is narrowing. The pending rate case could add up to $13.79/month to typical bills, which would significantly compress the electric advantage.

In the news · Minnesota

• Xcel Energy electric bills rise 5.2% in Minnesota for 2025

  Star Tribune · Jan 2, 2025

  Xcel Energy's 5.2% rate increase added $5.39/month for a typical Minnesota household in 2025 — a confirmed hike while regulators consider a much larger increase, directly raising the cost of home-charging a PHEV.

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  Xcel is pushing for rate hike. Here's what it could mean for your bill

  MPR News · Sep 16, 2025

  Xcel's proposed two-year rate increase could add up to $13.79/month for an average Minnesota home — the outcome will substantially affect whether Minnesota PHEV drivers save money charging at home.

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  Xcel Energy customers to see higher bills in 2025

  MPR News · Jan 3, 2025

  MPR's explainer confirmed the 2025 interim rate increase and previewed the larger rate case ahead, providing Minnesota PHEV owners the broader context for the ongoing electricity cost trajectory in their state.

Curated coverage of Minnesota's EV/PHEV cost, policy, and infrastructure story. External links open in a new tab.

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