BENCO Electric Cooperative Rates: Average Bill & Price per kWh
Residential rates for BENCO Electric Cooperative and how they compare to the Minnesota average — 2024 EIA-861 annual data.
Residential customers of BENCO Electric Cooperative average $141.60/month at 15.03¢/kWh — above the Minnesota average of $124.46.
Where BENCO Electric Cooperative rates are heading
Annual residential figures from Form EIA-861, 2019–2024.
| Year | Rate | Avg bill | Res. customers |
|---|---|---|---|
| 2019 | 13.73¢/kWh | $143.30/mo | 17,336 |
| 2020 | 13.88¢/kWh | $145.80/mo | 17,454 |
| 2021 | 14.43¢/kWh | $149.17/mo | 17,643 |
| 2022 | 14.85¢/kWh | $151.30/mo | 17,999 |
| 2023 | 15.21¢/kWh | $152.82/mo | 18,213 |
| 2024 | 15.03¢/kWh | $141.60/mo | 18,361 |
Rate context in Minnesota
Statewide residential price trend (12 months) — context for BENCO Electric Cooperative's 2024 annual figure.
BENCO Electric Cooperative vs its state
Annual utility averages next to the latest statewide monthly figure — different windows, both labeled.
| Measure | BENCO Electric Cooperative | Minnesota (latest month) |
|---|---|---|
| Avg bill | $141.60/mo | $124.46/mo |
| Rate | 15.03¢/kWh | 17.52¢/kWh |
Common questions
How much is the average electric bill with BENCO Electric Cooperative?
BENCO Electric Cooperative residential customers averaged $141.60 per month in 2024 (EIA-861 annual data) — about $1,699.25 per year.
What does BENCO Electric Cooperative charge per kWh?
BENCO Electric Cooperative averaged 15.03¢ per kWh for residential service in 2024 (annual revenue divided by sales, EIA-861). Actual rates depend on your plan and season.
How does BENCO Electric Cooperative compare to the Minnesota average?
BENCO Electric Cooperative bills average $141.60 — higher than the Minnesota average of $124.46 (latest EIA month).
How many customers does BENCO Electric Cooperative serve?
BENCO Electric Cooperative served 18,361 residential customers in 2024, per EIA-861 — one of the largest utilities we track in MN.
Data: Form EIA-861, 2024 annual residential figures for BENCO Electric Cooperative. Bill = residential revenue ÷ customers ÷ 12; rate = revenue ÷ sales. State context uses the latest EIA monthly data. See methodology.