Electricity prices in Madison, WI
Households in Madison pay 19.4¢/kWh (Wisconsin average), about $129 a month for 665 kWh a month, the Wisconsin 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 | $97 | $1,165 |
| 1,000 kWh a month | $194 | $2,329 |
| 1,500 kWh a month | $291 | $3,494 |
| 2,000 kWh a month | $388 | $4,658 |
At 19.4¢/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 Madison
Commercial customers pay 14.2¢/kWh and industrial customers 10.9¢/kWh (Wisconsin average).
Home running costs in Madison
In Madison, running an 860 sq ft home costs on average $94 a month excluding rent – 13% more expensive than the US average.
Monthly cost breakdown
Default home: 860 sq ft, 2 people, 2,500 kWh electricity a year.
Madison compared with the average for the United States
Your biggest saving opportunity
At today's prices a heat pump would cost about $38 a year more than a gas boiler in Madison; check the incentives available before deciding.
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 10,568 kWh a year at 6.1¢/kWh.
Solar potential in Madison
1 kWp of solar panels produces about 1,427 kWh a year here. ($277 per year)
Not yet available for Madison: 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 Wisconsin
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