Xcel Energy is an electric utility company that operates in the state of Colorado, United States. The company serves over 1.4 million customers in the state, making it one of the largest electric utilities in Colorado. Xcel Energy generates electricity from a variety of sources, including coal, natural gas, wind, solar, and hydroelectric power. In recent years, the company has made significant investments in renewable energy, with a goal of reducing carbon emissions by 80% by 2030. Xcel Energy is also committed to improving energy efficiency and offers a variety of programs to help customers reduce their energy use and save money on their bills. Overall, Xcel Energy is a key player in the state's energy industry, providing reliable and affordable electricity to customers throughout Colorado.
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Xcel Energy - Colorado's energy comes from wind, coal, natural gas, and solar. Wind is the largest source of electricity, providing 37% of Xcel Energy - Colorado's energy. Coal is the second largest source, making up 30%. Natural Gas provides 30% of Xcel Energy - Colorado's electricity. Solar provides 3% of Xcel Energy - Colorado's electricity.
37%
Wind
30%
Coal
30%
Natural Gas
3%
Solar
The average electricity rate for Xcel Energy - Colorado customers is 12.45 cents/kWh. Xcel Energy - Colorado has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Energy Time Of Use (Schedule RE-TOU) | TOU | 10¢ to 28¢ |
| Residential Demand | Fixed | 6¢ to 2267¢ |
| Residential Demand - Time Differentiated Rates (Schedule RD-TDR) | Fixed | 5¢ |
| Residential Demand - Time Differentiated Rates (Schedule RD-TDR) | Fixed | 53¢ |
| Residential Service | Fixed | 13¢ to 15¢ |
In 2021, the average Xcel Energy - Colorado customer lost electricity one time for a duration of 151 minutes. In total, the average Xcel Energy - Colorado customer had their electricity out for about 181 minutes during the whole year.
Credited to customer's next bill at retail rate indefinitely. At end of each calendar year, IOU customers may opt to roll over credit or to receive payment at IOU's average hourly incremental cost. Municipality and co-ops provide annual reconciliation at a rate they deem appropriate.