BENCO Electric Cooperative Electricity Rate per kWh (2024 EIA Data)

BENCO Electric Cooperative is a member-owned cooperative electric utility that reports to the U.S. Energy Information Administration under utility number 1884. In 2024 it served 18,361 bundled residential customers in Minnesota, and its average realised residential price was 15.03 cents per kWh: $31 million of residential revenue divided by 207,600 MWh of residential sales.

Across the other sectors, BENCO Electric Cooperative's 2024 average prices were 12.75 cents for commercial customers (1,556 accounts) and 9.47 cents for industrial customers (17 accounts). Industrial customers paid 5.56 cents less per kWh than households, a 37% discount that is typical of high-volume, high-voltage service.

Within Minnesota, BENCO Electric Cooperative ranked number 17 of 47 utilities with bundled or delivery service by residential accounts served (18,361) and accounted for 0.94% of the state's residential electricity sales in 2024, measured in MWh sold or delivered rather than in customers. The state-wide average realised residential price in 2024, computed from the same EIA file, was 15.45 cents per kWh, so BENCO Electric Cooperative's customers paid 0.42 cents below the Minnesota average (-2.7%). For context, EIA's latest monthly figure for Minnesota is 17.52 cents per kWh (June 2026, Electric Power Monthly); that is a different, more recent measure across all utilities and is not directly comparable with a 2024 annual average.

EIA's service-territory file places BENCO Electric Cooperative in 5 Minnesota counties: Blue Earth, Faribault, Le Sueur, Nicollet, and Sibley. On the grid side it operates in the MRO NERC region and the MISO market, and reported distribution as its activities. Balancing authority code: MISO.

EIA's preliminary 2025 early release (published 4 August 2026) shows a residential price of 16.14 cents per kWh for BENCO Electric Cooperative in Minnesota across 18,500 residential customers, 1.11 cents higher than the 2024 final figure. Early-release data has not been validated by EIA and must not be aggregated; the 2024 final figures remain the reference on this page until the 2025 final file is published.

The nearest other utilities in Minnesota by service-territory centroid are City of Lake Crystal (MN) (11.8 miles away, 20.97 cents), Minnesota Valley Electric Coop (28.5 miles away, 13.98 cents), Steele-Waseca Cooperative Electric (32.4 miles away, 15.63 cents), Shakopee Public Utilities Comm (39.9 miles away, 15.54 cents), and City of Owatonna (MN) (42.8 miles away, 15.27 cents).