New Hope electricity and gas rates
Who supplies power and gas to New Hope houses and what a typical house uses: about 587.82 kWh of electricity and 62 therms of gas a month.
Electricity: Xcel Energy
Xcel Energy Minnesota residential customers paid an average of 16.98¢ per kWh in 2024 (a 2024 average, not a current tariff) (EIA: residential revenue divided by kWh sold); the standard residential basic service charge is $6.00 a month. The City of New Hope's 2026 fee schedule lists a residential electricity franchise fee of $4/month.
| Charge | Price |
|---|---|
| Fixed charge | $10.00 a month |
| Per kWh | 15.96¢ |
Gas: CenterPoint Energy
CenterPoint Energy's tariff book lists New Hope in its franchise fee table. Its Residential Sales Service rate is a $9.50 monthly basic charge, $0.33470 per therm delivery charge and $0.60061 per therm cost of gas. The City of New Hope's 2026 fee schedule lists a residential gas franchise fee of $4/month.
| Charge | Price |
|---|---|
| Fixed charge | $13.50 a month |
| Per therm | 97.37¢ |
Ways to pay less
- LIHEAP households: CenterPoint Gas Affordability Program. Residential customers who receive LIHEAP energy assistance and agree to a levelized payment plan and a payment schedule can get an affordability bill credit and arrearage forgiveness. How: The program is available to residential customers qualified for and receiving LIHEAP assistance.
Sources
- Xcel Energy: Minnesota communities served
- Xcel Energy Minnesota Electric Rate Book, Section 3: Service Area
- CenterPoint Energy 2026 Minnesota Rates, Rights and Tariff Book
- Xcel Energy Minnesota Residential Electrical Prices
- Xcel Energy Minnesota Electric Rate Book, Section 4
- EIA: Minnesota natural gas consumption by end use
- EIA: Minnesota natural gas consumers
Checked October 22, 2026. Every number here comes from the public sources listed, matched by our checker.
Rates change every year; this page shows when it was last checked. Nothing here is legal, tax or insurance advice.