Xcel Energy is a public utility company that provides electric and natural gas services to customers in Minnesota. The company serves more than 1.2 million electric customers and 460,000 natural gas customers across the state. Xcel Energy has a diverse mix of energy sources, including wind, solar, natural gas, coal, and nuclear power. In 2020, the company generated 50% of its electricity from carbon-free sources. Xcel Energy is committed to promoting clean energy and has set a goal to deliver 100% carbon-free electricity to its customers by 2050. The company also offers energy efficiency programs and resources to help customers reduce their energy consumption and save money on their bills.
xcelenergy.com
Xcel Energy - Minnesota's energy comes from nuclear, natural gas, coal, wind, solar, hydroelectric, biomass, and other fossil. Nuclear is the largest source of electricity, providing 31% of Xcel Energy - Minnesota's energy. Natural Gas is the second largest source, making up 26%. Coal provides 23% of Xcel Energy - Minnesota's electricity. Wind provides 14% of Xcel Energy - Minnesota's electricity. Solar provides 4% of Xcel Energy - Minnesota's electricity. Hydroelectric provides 1% of Xcel Energy - Minnesota's electricity. Biomass provides 1% of Xcel Energy - Minnesota's electricity. Other Fossil provides 1% of Xcel Energy - Minnesota's electricity.
31%
Nuclear
26%
Natural Gas
23%
Coal
14%
Wind
4%
Solar
1%
Hydroelectric
1%
Biomass
1%
Other Fossil
The average electricity rate for Xcel Energy - Minnesota customers is 13.92 cents/kWh. Xcel Energy - Minnesota has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service For Electric Space Heating (Overhead, Underground) | Fixed | 12¢ to 17¢ |
| Residential Electric Vehicle Service | TOU | 9¢ to 30¢ |
| Residential Service Standard (Water Heating) | Fixed | 15¢ to 17¢ |
| Residential Time Of Use Pilot Program Service(Overhead, Underground) | TOU | 7¢ to 32¢ |
| Residential Service Standard (Overhead, Underground) | Fixed | 15¢ to 17¢ |
| Residential Time of Day Service For Electric Space Heating (Overhead, Underground) | TOU | 9¢ to 30¢ |
| Residential Time of Day Service (Overhead, Underground) | TOU | 9¢ to 30¢ |
In 2021, the average Xcel Energy - Minnesota customer lost electricity one time for a duration of 125 minutes. In total, the average Xcel Energy - Minnesota customer had their electricity out for about 130 minutes during the whole year.
Systems under 40 kW: Reconciled monthly; customer may opt to receive payment or credit on next bill at the retail utility energy rate For systems 40 kW -1 MW, NEG is credited at the avoided cost rate, or customers may elect to be compensated in the form of a kWh credit. Excess credit will be reimbursed at the end of the calendar year at the avoided cost rate.