Market Guide

Commercial Building Energy Requirements in Minneapolis

Utility rates, compliance regulations, and benchmarking requirements for commercial real estate in Minneapolis, Minnesota.

Average Commercial Utility Rates

$0.13Electric Rate

$0.13/kWh

$0.90Gas Rate

$0.90/therm

Rising

Up 7% YoY; Xcel Energy clean energy transition and grid modernization costs

Energy Regulations & Compliance

Minneapolis Energy Disclosure Ordinance

Active

Annual energy benchmarking and disclosure for commercial buildings. Climate Action Plan targets 80% emissions reduction by 2050.

Threshold

50,000 sqft

Deadline

June 1 annually

Penalty

Up to $500 per violation (education phase)

Minnesota BPS (Proposed)

Proposed

State-level building performance standards under development as part of Climate Action Framework.

Threshold

TBD

Deadline

TBD

Penalty

TBD

Compliance Timeline

June 1 annually

Minneapolis Energy Disclosure Ordinance — 50,000 sqft

TBD

Minnesota BPS (Proposed) — TBD

Utility Providers

Xcel Energy

Electric & Gas

🔥

CenterPoint Energy

Gas

Benchmarking Requirements

Benchmarking is required

Building Threshold

50,000 sqft

Filing Deadline

June 1 annually

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