Brutal cold will hike natural gas prices for some in Minnesota

Xcel Energy and CenterPoint Energy are both urging customers to conserve energy to save money.

The Minnesota Star Tribune
January 23, 2026 at 2:07AM
A natural gas furnace. Natural gas prices have fallen this week and are in the throes of a two-month skid, thanks in part to plentiful supplies.
A natural gas furnace. Frigid temperatures in Minnesota, plus winter weather across the country, are driving up the wholesale cost of natural gas, and for some, the price they'll pay to heat their homes. (Star Tribune/The Minnesota Star Tribune)

Gas utilities in the Twin Cities are advising customers to conserve energy as a mass of arctic air sweeps through Minnesota.

Xcel Energy said its natural gas customers will face a temporary price hike as winter weather across the country juices demand for heating fuel.

While temperatures are plunging far below zero across Minnesota, a large winter storm will dump “crippling” snow, ice and cold from the southern plains through Ohio and into the Mid-Atlantic this weekend, according to the National Weather Service.

As a result, widespread heating needs have made the wholesale price of natural gas rise.

“While the company has taken steps to mitigate the impacts to customer bills from the higher natural gas prices, customers may want to consider conserving energy for the next few days,” Xcel said in a statement.

Xcel supplies natural gas to nearly half a million customers in 27 Minnesota counties. The utility’s rates for natural gas have already risen for 2026, with a 6.8% price hike that kicked in on Jan. 1.

CenterPoint Energy, which supplies natural gas to more than 900,000 customers in Minnesota, is also urging customers to conserve energy, but it did not report the oncoming weather would affect gas rates.

Both companies suggested their customers take the following steps for energy conservation:

  • Open blinds during the day to let in the warmth of the sun, and close them at night.
    • Lower the temperature of water heaters.
      • Seal your home by using plastic over windows, and use caulk to fill cracks in walls.
        • Lower the thermostat. CenterPoint reported that a reduction of “7-10 degrees at night, or when away for at least eight hours, can potentially save 10% on heating costs.”

          Air temperatures are forecast to drop as low as -18 degrees in the Twin Cities by Friday morning, with a wind chill of -42 degrees. Further north, in International Falls, air temperatures will plummet to -31, and wind chills could reach -56 degrees.

          The worst wind chills are expected from 6 p.m. Thursday to 9 a.m. Friday, according to the forecast. Temperatures in the metro area won’t rise above zero again until Sunday.

          Duluth meteorologists with the Weather Service also reported that lows will be the coldest in five to ten years up north, depending on the location.

          None of the forecasts approaches Minnesota’s all-time record for cold, however. That was notched on Feb. 2, 1996, when Tower recorded an air temperature of -60 degrees.

          about the writer

          about the writer

          Chloe Johnson

          Environmental Reporter

          Chloe Johnson covers environmental health issues for the Minnesota Star Tribune.

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          A natural gas furnace. Natural gas prices have fallen this week and are in the throes of a two-month skid, thanks in part to plentiful supplies.
          Star Tribune/The Minnesota Star Tribune

          Xcel Energy and CenterPoint Energy are both urging customers to conserve energy to save money.

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