HomeWattCost

Xcel Energy (Minnesota) rates

Xcel Energy has 2 residential plans modelled here. For a typical Minnesota home using 742 kWh a month, the cheapest is A01, at about $130 a month.

Investor-owned 1,230,057 residential customers (EIA-861, 2024) Tariffs checked September 28, 2026

Typical all-in priceA01

01234567890123456789.0123456789¢/kWh
A01$130/mo
A02$133/mo

Residential plans

PlanTypeFixed/moJuly pricesJanuary pricesJuly weekday windows
A01
Residential Service		 Flat $8.70 18.2¢ all hours 15.0¢ all hours None
A02
Residential Time of Day		 Time-of-use $8.70 Off-peak 9.6¢ · Peak 32.3¢ Off-peak 8.2¢ · Peak 26.0¢ Peak 9 am–9 pm

A02: price by hour

July weekday. Summer pricing Jul; winter Jan.

Off-peakPeak
9.6¢32.3¢9.6¢12a3a6a9a12p3p6p9p12a

Charging an EV on Xcel Energy

1,000 miles a month in a Tesla Model Y Long Range AWD (275 kWh from the wall, EPA 27.5 kWh/100 mi) at 7.2 kW, added to a typical Minnesota home’s use, on each plan’s cheapest start hour versus plugging in at 6 pm. Averaged over the year.

PlanBest startCharging, best startCharging from 6 pmWhole bill with EV
A01Any$45/mo$45/mo$175/mo
A0212 am$25/mo$63/mo$158/mo

With an EV charged at its best hour, the cheapest plan overall is A02. Compare plans on your own usage.

How Xcel Energy’s plans work

A01 (Residential Service). One price per kWh at every hour: 18.2¢ in July and 15.0¢ in January. Shifting use to other hours changes nothing on this plan; using less is the only lever. Fixed charge: $8.70 a month.

A02 (Residential Time of Day). Peak 9 am–9 pm on July weekdays; 12 of 24 hours carry the top price of 32.3¢. The cheapest July weekday hour costs 9.6¢, so moving 1 kWh out of the top hours saves 22.7¢. January weekdays range from 8.2¢ to 26.0¢. Weekends follow a different schedule from weekdays. Fixed charge: $8.70 a month.

Prices on this page are all-in per kWh, before taxes: base rates, supply and every per-kWh rider in the utility’s current tariff sheets. Your bill shows them as separate lines, and riders can change between tariff revisions.

As a cross-check, Xcel Energy billed its residential customers an average of 16.98¢ per kWh in 2024 (revenue ÷ sales, EIA-861). A plan taken from URDB is shown only if its all-in price is consistent with that figure, adjusted for Minnesota’s price change since.

Sources for each plan

PlanEffectiveSeasonsSolar exportsSource and status
A01
Transcribed from the utility’s tariff		 August 1, 2026 Summer pricing Jul; winter Jan Not recorded in URDB Checked September 28, 2026
Xcel Energy MN Electric Rate Book MPUC No. 2, Section 5 Part 1 (Residential A01 sheet 5-1, Residential Time of Day A02 sheets 5-2/5-3) · Xcel Energy MN Electric Rate Book, Section 5 Part 3 (Fuel Clause Rider 5-91.1 2026 factors, CIP Adjustment Rider 5-92, Interim Rate Surcharge Rider 5-94, Affordability Credit Rider 5-96, Sales True-Up Rider 5-118.1) · Xcel Energy MN Electric Rate Book, Section 5 Part 4 (Mercury 5-136, EIR 5-137, SEP 5-142, RDF 5-143, TCR 5-144, RES 5-147) · Xcel Energy rate books page (Minnesota) · Xcel Energy 2025 Minnesota Electric Rate Case page (final approval 7/31/2026; interim rates since 1/1/2025, refund pending)
A02
Transcribed from the utility’s tariff		 August 1, 2026 Summer pricing Jul; winter Jan Not recorded in URDB Checked September 28, 2026
Xcel Energy MN Electric Rate Book MPUC No. 2, Section 5 Part 1 (Residential A01 sheet 5-1, Residential Time of Day A02 sheets 5-2/5-3) · Xcel Energy MN Electric Rate Book, Section 5 Part 3 (Fuel Clause Rider 5-91.1 2026 factors, CIP Adjustment Rider 5-92, Interim Rate Surcharge Rider 5-94, Affordability Credit Rider 5-96, Sales True-Up Rider 5-118.1) · Xcel Energy MN Electric Rate Book, Section 5 Part 4 (Mercury 5-136, EIR 5-137, SEP 5-142, RDF 5-143, TCR 5-144, RES 5-147) · Xcel Energy rate books page (Minnesota) · Xcel Energy 2025 Minnesota Electric Rate Case page (final approval 7/31/2026; interim rates since 1/1/2025, refund pending)

Plans marked “Checked” were transcribed from the utility’s current tariff and rider sheets, all charges included, and are re-checked on the date shown in each file. Other plans come from the OpenEI U.S. Utility Rate Database (CC BY 4.0) and have not yet been checked line by line against the utility’s tariff. Always confirm the current rates on your utility’s website before switching plans.

Run the numbers on Xcel Energy

EV charging cost Which plan is cheaper Best time to run things Appliance cost Solar payback Heat pump vs gas