Electricity prices in New Ulm, MN
Households in New Ulm pay 17.2¢/kWh (Minnesota average), about $128 a month for 745 kWh a month, the Minnesota household average. Today's wholesale price in Upper Midwest (MISO Minnesota hub) averages 2.2¢/kWh; the cheapest hours are 2 am, 3 am, 4 am.
Monthly electricity bill by consumption
| Consumption | Per month | Per year |
|---|---|---|
| 500 kWh a month | $86 | $1,032 |
| 1,000 kWh a month | $172 | $2,064 |
| 1,500 kWh a month | $258 | $3,096 |
| 2,000 kWh a month | $344 | $4,128 |
At 17.2¢/kWh, the average household price including taxes and fixed charges (August 2026). Small households usually pay a little more per kWh, large ones a little less.
Electricity prices in Upper Midwest (MISO Minnesota hub) today
Business electricity in New Ulm
Commercial customers pay 13.4¢/kWh and industrial customers 10.0¢/kWh (Minnesota average).
Home running costs in New Ulm
In New Ulm, running an 860 sq ft home costs on average $90 a month excluding rent – 8% more expensive than the US average.
Monthly cost breakdown
Default home: 860 sq ft, 2 people, 2,500 kWh electricity a year.
New Ulm compared with the average for the United States
Your biggest saving opportunity
Switching from a gas boiler to a heat pump would cut heating costs in New Ulm by about $23 a year at today's prices.
Running your washing machine, dishwasher and car charging in the cheapest hours instead of the evening peak saves about 2.3¢/kWh per kWh moved (Upper Midwest (MISO Minnesota hub)).
Gas boiler vs heat pump calculator · Monthly home running cost calculator
Heating need through the year
Heating with a gas boiler: about 10,955 kWh a year at 5.9¢/kWh.
Solar potential in New Ulm
1 kWp of solar panels produces about 1,496 kWh a year here. ($257 per year)
Not yet available for New Ulm: Water.
How we calculate this
Electricity: average residential price per kWh in the state (August 2026). Heating: heating degree days for the location × floor area × building factor, priced with the gas boiler cost (state residential natural gas price). Water and rent are added when official data is available. Methodology
Nearby cities
More cities in Minnesota
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