Electricity rates in 55731 — Ely, MN
Homes in ZIP 55731 pay about 16.8¢ per kWh (ALLETE, Inc., Jan–Aug 2026). The Minnesota average is 17.2¢ and the U.S. average 18.2¢ (Aug 2026).
What a month of electricity costs
Monthly cost at the average price of 16.8¢ per kWh. Real bills add or subtract fixed charges, tiers, time-of-use and fuel adjustments.
Where ZIP 55731 is
Outlined: ZIP code area · scroll or pinch to zoomUtilities serving 55731
| Utility | Home price | Avg. bill | Customers in MN |
|---|---|---|---|
| ALLETE, Inc. Investor Owned | 16.8¢ Jan–Aug 2026 | $102 | 125,896 |
| Lake Country Power Cooperative | 17.9¢ 2024 | $148 | 47,204 |
| Cooperative L&P Assn Lake County Cooperative · serves Lake County | 15.5¢ 2024 | $191 | 6,515 |
| Arrowhead Electric Coop, Inc. Cooperative · serves Lake County | 16.1¢ 2024 | $206 | 4,582 |
| City of Two Harbors (MN) Municipal · serves Lake County | 15.0¢ 2024 | $174 | 2,040 |
Utilities are matched to this ZIP code by NREL’s ZIP–utility table and the EIA service-territory list for Lake County; county matches may serve only part of the area. Prices are each utility’s average residential revenue per kWh.
Minnesota price trend
Hover or tap the chart for exact monthly values. Source: EIA-861M (monthly, latest months preliminary); forecast: EIA Short-Term Energy Outlook (October 2026) for the West North Central region, which includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota.
Averages, not a quote. Prices here are what each utility’s residential customers paid on average (revenue ÷ kWh sold, fixed charges included), as reported to the U.S. Energy Information Administration. Your own rate depends on your plan, season and usage — check your bill or your utility’s tariff.
Questions about 55731
How much does electricity cost in 55731?
About 16.8¢ per kWh for homes (ALLETE, Inc., Jan–Aug 2026, EIA). At 900 kWh a month that is roughly $151.
Who is the electric utility for 55731?
ALLETE, Inc., with about 125,896 residential customers in Minnesota; 4 other utilities also serve parts of the area.
Is electricity in MN getting more expensive?
The Minnesota residential average was 17.2¢ per kWh in August 2026, up 1.8% from a year earlier; the U.S. average was 18.2¢.