Our Pricing

From investments in new technologies and infrastructure upgrades, to programs that help customers conserve energy, we're focused on delivering safe, reliable energy at low cost. 

Anticipated cost changes

While we’ve selected cost-effective options to meet customer needs, they still come with a price. Without knowing the extent of future external influences, such as inflation, we anticipate that all customers averaged together will see electric bills increase less than 3% annually. We base our cost-change requests to the commission in the states we serve on forecasted and historical data, and any increases will vary by state, year, and size.

Learn about how price changes are approved.

Average rate comparisons

Below are average rate comparisons in cents per kWh. 

	Minnesota
	State average	Otter Tail Power average
Residential	14.25	11.64
Commercial	12.30	9.84

    Source: U.S. Energy Information Administration, Total Electric Industry- Average Retail Price, October 2023