Northern States Power Co - Minnesota: 16.98 ¢/kWh for homes, 110 minutes of SAIDI

In Minnesota, Northern States Power Co - Minnesota bills 1,375,256 accounts, 89.4% residential, as an investor owned utility. Businesses and industry take 69% of the 27,722,191 MWh it sells; homes take 31%.

Prairie Island Nuclear Generating Plant on the Mississippi River in Minnesota — Prairie Island Nuclear Generating Plant. Photo by Wikideas1, CC0, Wikimedia Commons. Illustrative, not a listed utility's plant.

Northern States Power Co - Minnesota: 588 kWh a month costs roughly $100 in energy at 16.98 ¢/kWh, +9.9% on the Minnesota average of 15.45 ¢.

Businesses and industry take 69% of the 27,722,191 MWh it sells; homes take 31%.

Who buys power from Northern States Power Co -

Business share of sales: 69%homes 31% of 27,722,191 MWh

The customer mix of Northern States Power Co - Minnesota is its own: 1,230,057 home accounts buy 31.3% of 27,722,191 MWh, 144,718 commercial accounts buy 44.0%, and the remaining 24.7% goes to 480 industrial and other accounts. A typical Northern States Power Co - home uses 7,054 kWh a year, a typical business account 84,243.

How it compares

Northern States Power Co - Minnesota
Northern States Power Co - Minnesota, 2024	Home	Business	Bill	SAIDI
Northern States Power Co - Minnesota	16.98 ¢/kWh	12.85 ¢/kWh	$100at 588 kWh	110 minSAIDI
Minnesota average against this company, which is 14 of 16 on priceLowest in this table	-1.53 ¢/kWhcompany 9.9% above	-0.70 ¢/kWhcompany 5.8% above	-$9a month at 588 kWh	-48 mincompany 48 above
East Central Energy	16.89 ¢/kWhcompany 0.6% above	12.38 ¢/kWhcompany 3.8% above	$991 less than company	84 mincompany 26 above

Compare 44 Minnesota companies

Northern States Power Co - Minnesota: 2025

Northern States Power Co -: +0.5% on 2024 for homes, Minnesota +2.4%.

Northern States Power Co - home price, 2025: 17.07 ¢/kWh+0.5% on 2024, early release
Northern States Power Co - SAIDI, 2025: 115 min+4% on 2024, early release
Northern States Power Co - against Minnesota, 2025: -1.9 pointsNorthern States Power Co - +0.5%, Minnesota +2.4%, price in Minnesota 15.82 ¢

Northern States Power Co - Minnesota reported 17.07 ¢/kWh for homes in 2025, +0.5% on its 2024 figure of 16.98, while the Minnesota average moved +2.4%. Its SAIDI is 115 minutes against 110 in 2024.

Carbon context

Northern States Power Co - Minnesota serves 1,230,057 homes in Minnesota. At 588 kWh a month that is about 199 kg of CO₂, or 2,392 kg a year, at the Minnesota plant rate, state generation and not this utility: Minnesota generation mix.

Northern States Power Co - Minnesota charts

Residential price since 2015: 16.98 ¢ in 2024

12.60 ¢ in 2015, 16.98 ¢ in 2024 (+34.8%); Minnesota 12.12 to 15.45 ¢.

Northern States Power Co - Minnesota residential price 2015-2024, 2015 to 2024: 10 rows

Year	Northern States Power Co - M	Gap to Minnesota residential	Gap to U.S. residential
2015	12.60	+0.48	-0.05
2016	13.18	+0.51	+0.63
2017	13.79	+0.75	+0.90
2018	14.15	+1.01	+1.28
2019	13.62	+0.58	+0.61
2020	13.74	+0.57	+0.59
2021	13.92	+0.42	+0.26
2022	15.60	+1.35	+0.56
2023	16.31	+1.58	+0.31
2024	16.98	+1.53	+0.50

10 rows from EIA retail sales.

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Northern States Power Co - Minnesota SAIDI, 2015-2024

87 min in 2015, 110 in 2024.

Northern States Power Co - Minnesota SAIDI by year, 2015 to 2024: 10 rows

Year	Northern States Power , no major events	Northern States Power , all events
2015	87	184
2016	93	214
2017	74	142
2018	95	125
2019	81	124
2020	97	134
2021	92	130
2022	90	184
2023	83	168
2024	110	309

10 rows from EIA-861 survey.

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Reliability: SAIDI 110.4 min

110.4 min, 1.11x the median reporter, rank 364 of 673.

min

Company, no major events110.4
Company, with major events308.7

Northern States Power Co - Minnesota, Reliability: EIA-861 survey.

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Analyst note

From 12.60 ¢ in 2015 to 16.98 ¢ in 2024, a move of +34.8%: Northern States Power Co - Minnesota outpaced its state (+27.5%) by 7.3 points, and +4.5 points against the U.S. Northern States Power Co - Minnesota's sharpest move came in 2022, +12.1%. The latest year is the high at 16.98 ¢; the low was 12.60 ¢ (2015). 2024: +4.1% here, +4.9% for the Minnesota average. SAIDI at Northern States Power Co - Minnesota (major events excluded) rose from 87 minutes in 2015 to 110 in 2024, +26%; worst year 2024 at 110. Northern States Power Co - Minnesota filed SAIDI under the national median in 9 of 10 years; its 2024 figure was 110 minutes, +11 from that year's median. 2024: 309 minutes with major events, 110 without, the widest gap of any year. Northern States Power Co - Minnesota has 13 cheaper and 2 higher-priced Minnesota peers among 16 with 20,000+ homes. Next cheaper, East Central Energy, bills 16.89 ¢ (-0.10). Next higher-priced, Lake Country Power, bills 17.90 ¢ (+0.92).

A 9.9% premium over Minnesota, with outage minutes at 1.11x the national median.

Home accounts at Northern States Power Co - Minnesota went from 1,122,172 in 2015 to 1,230,057 in 2024, +9.6%. Business customers paid 0.76 times the home price in 2024 (12.85 against 16.98 ¢); the ratio was 0.75 in 2015. SAIFI went from 0.82 in 2015 to 1.08 in 2024, between 0.73 and 1.08.

Outages and home price of Northern States Power Co - Minnesota (EIA utility 13781), 2013 to 2024

By 2024 the average Northern States Power Co - Minnesota customer sat through 110 minutes of outage, against 95 in 2013 (+16%). The low came in 2017 at 74, the high in 2024 at 110; 12 years were filed. The Minnesota median in 2024 was 57 minutes, so Northern States Power Co - Minnesota ran above it.

Measured in 2025 dollars, Northern States Power Co - Minnesota home rates went 17.50 ¢ to 17.43 ¢ (−0.4%) from 2013 to 2024; on the bill 12.66 ¢ to 16.98 ¢. Over 12,000 kWh a year the real price meant $2,100 in 2013 and $2,091 in 2024. Of 45 Minnesota utilities with 1,000+ home accounts in 2024, Northern States Power Co - Minnesota stood 41st cheapest (82nd of 99 in 2013).

Northern States Power Co - Minnesota outage minutes a customer, 2013 to 2024: 110 in 2024

Northern States Power Co - Minnesota at 110 min in 2024 and the Minnesota median at 57.

Northern States Power Co - Minnesota home price since 2013: −0.4% after inflation

Northern States Power Co - Minnesota: 17.43 ¢ in 2025 dollars (solid) and 16.98 ¢ as billed (dashed) in 2024.

Northern States Power Co - Minnesota, EIA utility 13781, year by year among Minnesota utilities

Northern States Power Co - Min 2013-2024: 12 rows

Year, Northern States Po	¢ billed	¢ in 2025 $	Price place, Northern State	SAIDI min	SAIFI	SAIDI place, Northern State	Minnesota median SAIDI
2013	12.66	17.50	82 of 99	95	0.90	23 of 35	66
2014	12.75	17.34	79 of 99	82	1.00	22 of 39	74
2015	12.60	17.11	73 of 100	87	0.82	26 of 41	67
2016	13.18	17.68	72 of 98	93	0.82	25 of 45	89
2017	13.79	18.11	80 of 99	74	0.73	23 of 43	68
2018	14.15	18.14	84 of 99	95	0.88	31 of 49	80
2019	13.62	17.16	85 of 114	81	0.74	25 of 48	79
2020	13.74	17.09	31 of 43	97	0.97	20 of 31	62
2021	13.92	16.54	31 of 43	92	0.93	23 of 33	66
2022	15.60	17.16	37 of 43	90	0.87	21 of 33	67
2023	16.31	17.23	38 of 43	83	0.84	24 of 34	59
2024	16.98	17.43	41 of 45	110	1.08	31 of 36	57

Northern States Power Co, EIA utility 13781: EIA-861, CPI-U.

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SAIDI explained, Minnesota real prices.

Facts

Customer accounts: 1,375,25647.4% of Minnesota total
Residential accounts: 1,230,05747.7% of Minnesota homes
Commercial accounts: 144,71810.5% of the base
Residential rate: 16.98 ¢/kWhplace 14 of 16, +9.9% against the state
Commercial rate: 12.85 ¢/kWhplace 24 of 34, +5.8% against the state
SAIDI, no major events: 110.4 minbetter than 46% of reporters
SAIFI, no major events: 1.081.07x the median
SAIDI with major events: 308.7 min64.2% from event days
Net-metered capacity: 188.3 MW15,033 installations
Counties served: 52Minnesota plus 2 more
Average residential use: 7,054 kWh/yr588 a month
Implied monthly bill: $100+$3 on the U.S. rate, 588 kWh
Residential rate since 2015: +34.8%12.60 to 16.98 ¢/kWh
SAIDI trend: +26%87 min in 2015, 110 in 2024

Data tables

2024 by sector, Northern States Power Co - Minnesota

Northern States Power Co - Minnesota sector	Accounts	Rate ¢/kWh	Gap to Minnesota ¢/kWh
Residential	1,230,057	16.98	+1.53
Commercial	144,718	12.85	+0.70

Year by year, Northern States Power Co - Minnesota

Year	Home accounts, Northern States Power	Home ¢	Business ¢	Ratio	SAIDI	SAIFI
2015	1,122,172	12.60	9.46	0.75	87	0.82
2016	1,131,107	13.18	9.92	0.75	93	0.82
2017	1,140,536	13.79	10.80	0.78	74	0.73
2018	1,149,958	14.15	10.55	0.75	95	0.88
2019	1,159,579	13.62	10.40	0.76	81	0.74
2020	1,171,591	13.74	10.49	0.76	97	0.97
2021	1,186,195	13.92	11.58	0.83	92	0.93
2022	1,199,122	15.60	13.26	0.85	90	0.87
2023	1,212,790	16.31	13.33	0.82	83	0.84
2024	1,230,057	16.98	12.85	0.76	110	1.08

Peers of Northern States Power Co - in Minnesota, place 14 of 16 on home price

Utility near Northern States Power Co - on price	SAIDI min, gap to Northern States Power Co -	Home ¢, gap to Northern States Power Co -	Gap % to Northern States Power Co -	Accounts, Northern States Power Co - = 1
11. ALLETE, Inc.	+10	-1.32	-7.8%	0.11
12. People's Cooperative Services	-54	-0.29	-1.7%	0.02
13. East Central Energy	-26	-0.10	-0.6%	0.05
14. Northern States Power Co - Minnesota (this utility)	110	16.98	-	1.00
15. Lake Country Power	+77	+0.92	+5.4%	0.04
16. Rochester Public Utilities	-68	+0.93	+5.5%	0.04

Who buys Northern States Power Co -'s electricity

Class at Northern States Power Co -	Accounts	Of Northern States Power Co - accounts	Of Northern States Power Co - MWh sold	kWh a year per Northern States Power Co - account
Residential	1,230,057	89.4%	31.3%	7,054
Commercial	144,718	10.5%	44.0%	84,243
Industrial and other	480	0.03%	24.7%	14,279,265

Northern States Power Co - among Xcel Energy group

Northern States Power Co - and its neighbours on price	SAIDI min, gap to Northern States Power Co -	Home ¢, gap to Northern States Power Co -	Accounts, Northern States Power Co - = 1
1. Public Service Co of Colorado (CO)	+48	-1.93	1.16
2. Northern States Power Co (WI)	+12	-1.15	0.19
3. Northern States Power Co - Minnesota (MN, this utility)	110	16.98	1.00

Northern States Power Co -: meters, rate options and solar

Measure	Northern States Power Co -	Minnesota context	Northern States Power Co - detail
Northern States Power Co - home meters on AMI	89.4%	Minnesota 87.5%	1,121,389 of 1,254,155 meters
Home meters, AMR (drive-by read)	132,755	Minnesota figure not published	10.6% of meters
Time-of-use rate for Northern States Power Co - homes	Offered	21 of 37 Minnesota utilities offer one	16,042 homes on dynamic pricing, 1.30% of 1,230,057
Net-metered installations	15,033	89% residential	10.9 homes per 1,000 accounts, 12.5 kW average

Monthly energy cost by use, Northern States Power Co - Minnesota

kWh	Share of a 588 kWh month	Cost a month at 16.98 ¢	vs U.S.	Cost a year
250	43%	$42.45	+$1.25	$509
500	85%	$84.90	+$2.50	$1,019
750	128%	$127.36	+$3.76	$1,528
1,000	170%	$169.81	+$5.01	$2,038
1,500	255%	$254.71	+$7.51	$3,057
2,000	340%	$339.62	+$10.02	$4,075

Outage record, Northern States Power Co - Minnesota

Measure, Northern States Powe	No events	All events	Converted
SAIDI minutes	110.4	308.7	1.84 h
SAIFI interruptions	1.080	1.470	0.93 yr apart
CAIDI minutes	102.2	210.0	1.70 h

Territory of Northern States Power Co - Minnesota

52 Minnesota counties plus 2 other states, region MRO:

Minnesota other states: 67 of 67 counties of Northern States Power Co - Minnesota drawn

Northern States Power Co - Minnesota: 67 counties listed by EIA-861, Census 2023 outlines.

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County list

Anoka
Benton
Blue Earth
Brown
Carver
Chippewa
Chisago
Clay
Dakota
Dodge
Douglas
Faribault
Freeborn
Goodhue
Hennepin
Houston
Kandiyohi
Lac Qui Parle
Le Sueur
Lincoln
Lyon
McLeod
Meeker
Mower
Murray
Nicollet
Nobles
Norman
Olmsted
Pine
Pipestone
Polk
Pope
Ramsey
Redwood
Renville
Rice
Rock
Scott
Sherburne
Sibley
Stearns
Steele
Todd
Wabasha
Waseca
Washington
Watonwan
Wilkin
Winona
Wright
Yellow Medicine

Questions on Northern States Power Co - Minnesota

How many customers does Northern States Power Co - Minnesota serve in Minnesota?

1,375,256 accounts in 2024: residential 1,230,057, commercial 144,718, industrial 480.

What is the average residential rate of Northern States Power Co - Minnesota?

In 2024 homes paid 16.98 cents; against the Minnesota average that is +9.9%.

How reliable is Northern States Power Co - Minnesota by SAIDI and SAIFI?

SAIDI 110.4 min and SAIFI 1.08 a year, major events excluded; ratio to the national median 1.11, CAIDI 102 min.

How much solar net metering is on the Northern States Power Co - Minnesota grid?

15,033 installations with 188.3 MW, of which residential installations number 13,411.

What is the monthly bill at Northern States Power Co - Minnesota for average use?

588 kWh at 16.98 cents comes to about $100, energy only.

How does Northern States Power Co - Minnesota rank on price within Minnesota?

Rank 14 of 16 in Minnesota on price, +9.9% against the state average; 13 charge less than 16.98 ¢.

What share of Northern States Power Co - Minnesota sales do homes buy?

Homes take 31.3% of 27,722,191 MWh, commercial accounts 44.0%, industrial and other 24.7%; the 144,718 commercial accounts use 84,243 kWh each, 11.9 times a home.

At Northern States Power Co - Minnesota, are smart meters in homes, with a TOU option?

1,121,389 of 1,254,155 home meters are AMI, 89.4%. Northern States Power Co - offers a home time-of-use rate; 16,042 customers use dynamic pricing, 1.30% of its homes.

Has Northern States Power Co - Minnesota moved up the Minnesota price list since 2015?

10th cheapest of 14 in 2015, 14th of 16 in 2024; its price rose 34.8% while Minnesota rose 27.5%.

Where does Northern States Power Co - Minnesota stand among 2 peers?

Place 3 of 3 on home price at 16.98 ¢ (Xcel Energy group); median 15.83 ¢, cheapest member 15.05 ¢.

What did Northern States Power Co - Minnesota charge homes in 2025?

17.07 cents per kWh, +0.5% on the 16.98 of 2024 (EIA early release for 2025).

Utilities with a similar home price

Home prices nearest to Northern States Power Co - Minnesota at 16.98 ¢/kWh in 2024, among companies with a page here, any state.

Cheyenne Light Fuel & PowerWyoming, 16.96 ¢/kWh, 0.02 ¢ below
Appalachian Power CoVirginia, 17.02 ¢/kWh, 0.04 ¢ above
Black Hills Colorado Electric, LLCColorado, 17.05 ¢/kWh, 0.07 ¢ above
East Central EnergyMinnesota, 16.89 ¢/kWh, 0.09 ¢ below

Rate plans on file

24 home plan records, energy charges: 4.2 to 31.5 ¢/kWh.

Time-of-use: 23, e.g. Residential Heat Pump Service (E06)
Tiered: 4, e.g. Residential Service - Overhead (E01)

Who offers time-of-use and tiered rates (17 Apr 2026 snapshot).

Primary sources for Northern States Power Co - Minnesota: 16.98 ¢/kWh for homes, 110 minutes of SAIDI

EIA-861 annual report entry for Northern States Power Co - Minnesota: 16.98 ¢/kWh for homes, 110 minutes of SAIDI, customers and sales
EIA-861 form instructions for Northern States Power Co - Minnesota: 16.98 ¢/kWh for homes, 110 minutes of SAIDI, how a customer is counted
EIA state profiles for Northern States Power Co - Minnesota: 16.98 ¢/kWh for homes, 110 minutes of SAIDI, the state price average