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Electricity Rates in New Hope, MN

Overview: Residential, Commercial and Industrial Electricity Rates For New Hope, MN

Below you will find residential, commercial and industrial electricity rates for New Hope, MN. The rates are given in two parts. The first part is entirely residential, resolved into utility companies that operate in the city. The rates are obtained from EIA.gov and mapped to the city via our database. The second part is residential, commercial and industrial and is presented as an average of the city. The data is obtained from OpenEI, which is derived from a statistical and mathematical modeling effort.

Residential Rates By Utility Company in New Hope, MN

The tables below give estimates of the electricity rates of different utilities serving New Hope, MN. Methodology is explained below the table.

Utility CompanyRate (cents/kWh)Number of Customers
State Average in MN15.54 cents/kWhN/A
Average of Utilities in New Hope, MN13.50 cents/kWhN/A
Otter Tail Power Co10.97 cents/kWh104,287
Rochester Public Utilities14.90 cents/kWh52,862
Connexus Energy13.93 cents/kWh127,501
Dakota Electric Association13.76 cents/kWh103,447
People's Cooperative Services15.37 cents/kWh21,235
East Central Energy15.80 cents/kWh56,723
Lake Country Power15.39 cents/kWh46,301
Mille Lacs Energy Cooperative15.50 cents/kWh14,210

Methodology

Methods: We obtained utility information from EIA for every state. We obtained a list of all cities in the USA, which means smaller municipalities like towns are not included. Using a proprietary database of utilities, we generated a list of electricity rates for each city from which we calculated the average rates. Utilities frequently merge, buy out each other, change their name. As a result, there is ambiguity and mistakes in the assignment of utilities to cities. We also obtained the state average electricity rate from EIA.gov.

Average Residential, Commercial and Industrial Electricity Rates in New Hope, MN

The table below give estimates of electricity rates for residential, commercial and industrial customers. Methodology is explained below the table.

Sector Rate (Dollars per kWh) Number of Customers
Residential 0.1318 8,314
Commercial 0.0992 655
Industrial 0.0737 N/A

Methodology

This additional rate data is sourced from the Open Energy Information (OpenEI) database, which is a comprehensive resource of market data and analysis compiled from various public sources. The data presented here reflects the most recent information available and is subject to updates as new data becomes available. Our methodology involves harmonizing OpenEI data with our proprietary database to provide up-to-date and relevant information for each city.

This page was last updated on: November 29, 2023

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