Full service
16.50¢
per kWh, 2025 average revenue
$104.68 / month at 634 kWh
Price +0.8% from 2024
Investor Owned · 1,420,807 residential customers · Minnesota
Why is my Xcel Energy Minnesota electric bill so high?
EIA respondent: Northern States Power Co - Minnesota. Reviewed October 14, 2026. Also searched as Xcel Energy.
In 2025, Xcel Energy Minnesota reported 1,420,807 residential full service customers under the EIA name Northern States Power Co - Minnesota. Average revenue was 16.50¢ per kWh. The average monthly bill in that filing was $104.68 for 634 kWh.
16.50¢ is above Minnesota's 2025 statewide residential average of 15.83¢. In July 2026 the state residential price was 17.45¢, versus 16.92¢ a year earlier (+3.1%). The utility number is a 2025 annual average. The state number is one later month. They answer different questions.
From 2024 to 2025, the average monthly bill for full service changed +5.3%. Average use changed +4.5% and average price changed +0.8%. Holding the 2024 price fixed, the usage change accounts for $4.49 a month. The price change, applied to 2025 usage, accounts for $0.79.
EIA Form 861, 2025 final · Reviewed October 14, 2026
EIA Electric Power Monthly, Table 5.6.A · Reviewed October 14, 2026
The rate on the record
Investor-owned base rates are usually set in a state docket. Riders can change outside a full rate case. Average revenue per kilowatt-hour is total residential revenue divided by residential sales. It is not a tariff schedule.
| Service | Customers | Price | Monthly use | Monthly bill | Vs 2024 price |
|---|---|---|---|---|---|
| Full service | 1,420,807 | 16.50¢ | 634 kWh | $104.68 | +0.8% |
EIA-861 sales to ultimate customers, 2025 final, compared with 2024 · Reviewed October 14, 2026
By state
| State | Service | Customers | Price | Monthly bill |
|---|---|---|---|---|
| MN | Full service | 1,243,236 | 17.07¢ | $104.99 |
| SD | Full service | 94,137 | 13.13¢ | $101.24 |
| ND | Full service | 83,434 | 13.54¢ | $103.92 |
Audit the full service average
Revenue 1,784,717.3 thousand dollars. Sales 10,813,601 MWh. Customers 1,420,807. Cents per kWh = revenue ÷ megawatt-hours × 100. Monthly bill = revenue × 1,000 ÷ customers ÷ 12.
Why a Xcel Energy Minnesota bill moved
Usage, not the rate, was the larger piece
Hold a Xcel Energy Minnesota household to the filing average and the monthly full service bill changed +5.3% between those two EIA years. Holding the 2024 price fixed, the usage change of +4.5% is worth $4.49 a month. The price change of +0.8%, from 16.38¢ to 16.50¢, is worth $0.79 on 2025 usage.
Above the Minnesota average
16.50¢ per kWh is above Minnesota's 2025 residential average of 15.83¢. July 2026 in the state was 17.45¢, versus 16.92¢ a year earlier (+3.1%). The utility figure is a full year of average revenue. The state figure is one later month. A household that uses more than 634 kWh will not land on $104.68.
One full-service average
1,420,807 residential customers were on Xcel Energy Minnesota full service in 2025, at 16.50¢ per kWh. That average folds in the customer charge and whatever riders the utility booked as residential revenue. It is not the last block on a tiered tariff.
Minnesota PUC cut the two-year request by nearly 60 percent
Minnesota Public Utilities Commission, Docket 24-320. The Minnesota PUC's bulletin says it approved about $82.9 million, or 2.3 percent, for 2025 and an additional $127.3 million, or 3.4 percent, for 2026. Xcel had proposed $353 million, or 9.6 percent, for 2025 and an additional $137.5 million, or 3.6 percent, for 2026. The commission reduced late-payment charges from… The rate-case section has the full citation.
Season
Xcel Energy Minnesota customers average 634 kWh a month in the 2025 filing. Minnesota households statewide averaged 744 kWh. Electric heat, a heat pump, or a cold snap sits well above a 12-month average, which is why a January bill and a May bill are not a rate case.
Time-of-use is already on the EIA schedule
EIA's 2025 dynamic-pricing file shows residential time-of-use activity at Xcel Energy Minnesota, with 19,400 residential customers enrolled in dynamic pricing. The expensive window is in the tariff, not in that enrollment count. Shifting a dishwasher or an EV charger only helps if you are actually on that schedule.
EIA-861 2025 and 2024 residential sales · Reviewed October 14, 2026
Rate cases and hikes
decided · Docket 24-320
Minnesota PUC cut the two-year request by nearly 60 percent
The Minnesota PUC's bulletin says it approved about $82.9 million, or 2.3 percent, for 2025 and an additional $127.3 million, or 3.4 percent, for 2026. Xcel had proposed $353 million, or 9.6 percent, for 2025 and an additional $137.5 million, or 3.6 percent, for 2026. The commission reduced late-payment charges from 1.5 percent to 0.45 percent, with waivers for low-income customers, approved a Residential Arrears Management Program, approved automatic enrollment in the PowerOn assistance program, and expanded the Low-Income Usage Assistance Credit from 300 kWh to 500 kWh of monthly usage. Final rates were expected to be lower than interim rates, so customers may receive a refund.
The bulletin points to docket 24-320 for the full record. A fixed customer-charge dollar amount was not stated in that bulletin.
Minnesota PUC bulletin on the Xcel electric rate request (Minnesota Public Utilities Commission) · Reviewed October 14, 2026
Assistance
One Xcel Energy Minnesota program was read from an official page. LIHEAP is still the federal backstop. Any other discount not named here needs verification.
PowerOn and the arrears program from the rate order
The Minnesota PUC bulletin on docket 24-320 says the commission approved automatic enrollment in Xcel's PowerOn program, a Residential Arrears Management Program funded in part by shareholders, a late-fee cut from 1.5 percent to 0.45 percent with waivers for low-income customers, and a Low-Income Usage Assistance Credit expanded from 300 kWh to 500 kWh a month.
Minnesota PUC bulletin on the Xcel rate request · Reviewed October 14, 2026
LIHEAP program · State and territory contacts · Xcel Energy Minnesota site
LIHEAP · Reviewed October 14, 2026
How to lower the bill
- Read the kilowatt-hours against this filing's average of 634 kWh a month. If your use is the thing that moved, the dollar total can rise on an unchanged rate.
- On the statement, separate the base energy charge from fuel or rider lines. A rider can move the total in a month when no new base-rate order exists.
- In Minnesota, electric resistance heat dominates a winter bill. A heat-pump rate, where one is actually on the tariff, prices that usage differently from ordinary residential service. Confirm you are enrolled before you count on it.
- Ask about PowerOn and the arrears program from the rate order before a payment arrangement. Income rules are on the linked page.
- 19,400 residential customers were already on a dynamic price in the 2025 EIA file. If you are one of them, the window on the tariff is the lever. If you are not, calling the utility to discuss the schedule is the first step, not shifting load you are not being charged extra for.
- If the read is marked estimated, the next actual read can true the account up or down. The tariff rule for that true-up needs verification.
Full service at the 2025 average price
| Monthly use | Estimated bill |
|---|---|
| 500 kWh | $82.50 |
| 750 kWh | $123.75 |
| 1,000 kWh | $165.00 |
| 1,500 kWh | $247.50 |
| 2,000 kWh | $330.00 |
Usage times the average price. At very low use, a real bill is often higher because a fixed customer charge does not shrink. The tariff needs verification.
Questions people ask
Why is my Xcel Energy Minnesota electric bill so high?
In 2025, Xcel Energy Minnesota reported 1,420,807 residential full service customers under the EIA name Northern States Power Co - Minnesota. Average revenue was 16.50¢ per kWh. The average monthly bill in that filing was $104.68 for 634 kWh. 16.50¢ is above Minnesota's 2025 statewide residential average of 15.83¢. In July 2026 the state residential price was 17.45¢, versus 16.92¢ a year earlier (+3.1%). The utility number is a 2025 annual average. The state number is one later month. They answer different questions. From 2024 to 2025, the average monthly bill for full service changed +5.3%. Average use changed +4.5% and average price changed +0.8%. Holding the 2024 price fixed, the usage change accounts for $4.49 a month. The price change, applied to 2025 usage, accounts for $0.79.
What was Xcel Energy Minnesota's average residential rate?
Using 2025 EIA-861 revenue and sales, the full service average was 16.50¢ per kWh. Average use was 634 kWh a month and the average bill was $104.68. This folds in whatever customer charges and riders the utility reported. It is not the marginal rate on your tariff.
Did Xcel Energy Minnesota raise rates?
Minnesota Public Utilities Commission Docket 24-320 (decided): Minnesota PUC cut the two-year request by nearly 60 percent. Separately, the EIA average price moved +0.8% from 2024 to 2025. The annual average and the docket are not the same document.
What bill assistance can Xcel Energy Minnesota customers ask about?
PowerOn and the arrears program from the rate order. The Minnesota PUC bulletin on docket 24-320 says the commission approved automatic enrollment in Xcel's PowerOn program, a Residential Arrears Management Program funded in part by shareholders, a late-fee cut from 1.5 percent to 0.45 percent with waivers for low-income customers, and a Low-Income Usage Assistance Credit expanded from 300 kWh to 500 kWh a month. LIHEAP is still available (https://www.acf.hhs.gov/ocs/programs/liheap).
Are data centers why this bill went up?
Large computing load is raising U.S. electricity demand, and regulators can later recover new generation and wires costs from customers. EIA has not published a dollar line that isolates data centers on this utility's residential bill. That pass-through needs verification.