Steele-Waseca Cooperative Electric electricity rates
Electric cooperative · Minnesota · MRO region · MISO
Steele-Waseca Cooperative Electric is a member-owned electric cooperative, so its customers own it and elect its board, serving 10,788 homes in Minnesota. Its residential customers pay an average of 16.87¢/kWh including fixed and delivery charges, 6% less than the U.S. average.
Rate basis: EIA-861 2025 annual data, adjusted to the 12 months ending 2026-07 using the state's price trend.
What things cost on Steele-Waseca Cooperative Electric's rate
Popular — tap to add, then add more to compare:
Add as many devices as you like to compare them side by side. Search again to add another, or use Duplicate to compare two settings.
Steele-Waseca Cooperative Electric bill estimates
| Monthly use | At average all-in rate |
|---|---|
| 500 kWh | $84.35 |
| 1,000 kWh | $168.70 |
| 1,500 kWh | $253.05 |
| 2,000 kWh | $337.40 |
Steele-Waseca Cooperative Electric rate history
2015–2025: +15% change in the average residential rate (14.31¢ → 16.46¢). Annual EIA-861 data.
Outages & reliability
Right now
Checking live outages…
Reliability history
| 2025 | Steele-Waseca Cooperative Electric | Minnesota avg | U.S. avg |
|---|---|---|---|
| Outage minutes per customer (SAIDI) | 90 | 188 | 266 |
| Outages per customer (SAIFI) | 0.74 | 1.17 | 1.34 |
| Average restoration time (CAIDI) | 2 hr 2 min | — | — |
| Outage minutes excluding major storms | 56 | 92 | 121 |
Outages in counties served (2025)
From ORNL EAGLE-I, which tracks customers without power every 15 minutes. These counts cover every utility in each county. Weighted across Steele-Waseca Cooperative Electric's counties, customers averaged 2 hr 33 min without power.
| County | Outage min/customer | Days with outages | Peak customers out | Worst day |
|---|---|---|---|---|
| Goodhue | 263 | 39 | 6,448 | 2025-07-29 |
| Le Sueur | 216 | 36 | 1,879 | 2025-07-29 |
| Freeborn | 197 | 29 | 2,571 | 2025-08-06 |
| Dodge | 174 | 15 | 1,366 | 2025-07-29 |
| Rice | 150 | 20 | 2,188 | 2025-07-06 |
| Blue Earth | 147 | 28 | 8,688 | 2025-10-11 |
| Waseca | 127 | 14 | 917 | 2025-08-17 |
| Faribault | 64 | 14 | 513 | 2025-05-19 |
| Steele | 32 | 4 | 570 | 2025-07-29 |
Steele-Waseca Cooperative Electric service area
Steele-Waseca Cooperative Electric serves 9 counties in Minnesota and 25 ZIP codes.
Blue Earth, Dodge, Faribault, Freeborn, Goodhue, Le Sueur, Rice, Steele, Waseca
Cities: Owatonna, Faribault, Northfield, Waseca, Dodge Center, Wells, Blooming Prairie, Kenyon, Dundas, Hayfield, Medford, New Richland
Programs, smart meters & solar
| Smart meters (AMI) for homes | 100% |
| Time-based rate programs | Time-of-use rates |
| Homes on time-based rates | 61 |
| Net-metered solar homes | 247 |
Steele-Waseca Cooperative Electric at a glance
| Ownership | Electric cooperative |
| Services | Distribution |
| Commercial rate | 14.62¢/kWh |
| Industrial rate | 10.44¢/kWh |
| Retail revenue (2025) | $47,958,400 |
| Electricity sold (2025) | 364,752 MWh |
| Peak demand | 60 MW summer · 52 MW winter |
| Line losses | 2.9% |
| Balancing authority | MISO |
| EIA utility ID | 18047 |
Other utilities in Minnesota
Frequently asked questions
What is Steele-Waseca Cooperative Electric's electricity rate?
Steele-Waseca Cooperative Electric residential customers pay an average of 16.87¢ per kWh, all charges included (EIA-861 2025 annual data, adjusted to the 12 months ending 2026-07 using the state's price trend). That's 4% above the Minnesota average of 16.22¢ and 6% below the U.S. average.
What is the average Steele-Waseca Cooperative Electric electric bill?
About $165 a month. The average Steele-Waseca Cooperative Electric home uses 980 kWh a month. At 1,000 kWh the bill would be about $169.
How many customers does Steele-Waseca Cooperative Electric have?
Steele-Waseca Cooperative Electric serves 10,788 residential customers and 12,126 customers in total in Minnesota, across 9 counties.
How reliable is Steele-Waseca Cooperative Electric?
In 2025, the average Steele-Waseca Cooperative Electric customer was without power for 90 min (SAIDI) over 0.74 interruptions (SAIFI), including major storms. Excluding major event days it was 56 min. The Minnesota average was 3 hr 8 min and the U.S. average 4 hr 26 min.
Does Steele-Waseca Cooperative Electric offer time-of-use rates?
Steele-Waseca Cooperative Electric reports offering time-of-use rates to residential customers. Running big appliances off-peak can cut their cost. Pick the plan in the calculator above to see by how much.
Does Steele-Waseca Cooperative Electric offer net metering for solar?
Steele-Waseca Cooperative Electric had 247 residential net-metered customers in 2025 with 4.4 MW of capacity. Estimate solar savings at this utility's rate.
Sources: EIA-861 2025 and EIA-861M (through July 2026), OpenEI URDB, ORNL EAGLE-I, U.S. Census. Methodology. Spot an error? Rates change often, so confirm with Steele-Waseca Cooperative Electric before making decisions.