Xcel Energy Electricity Rate per kWh in 2026
Residential Rate
15.82¢
Commercial
12.34¢
Customers
3.7M
Rate Type
tiered
About Xcel Energy
Xcel Energy serves approximately 3.7 million residential customers across CO, MN, WI, NM, SD, ND, TX. The estimated effective residential rate is about 15.82 cents per kWh as of March 2026 - a representative average; see the official tariff schedule for your exact rate.
Service area: Colorado, Minnesota, Wisconsin, New Mexico, South Dakota, North Dakota, western Texas (SWPU)
Parent company: Xcel Energy Inc
Recent rate case: Following the Colorado PUC's 2025 electric rate review, an average residential bill increase of about 9.9% is scheduled to take effect in August 2026 (source: Xcel Energy Colorado 2025 rate review filing).
Sample Monthly Bill
900 kWh (national avg) x 15.82c + $8 fixed$150.38/mo
1,100 kWh (higher usage) x 15.82c + $8 fixed$182.02/mo
Quick Reference
Fixed charge$8/mo
States servedCO, MN, WI, NM, SD, ND, TX
Rate structuretiered
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Coloradoelectricity rate ->Frequently Asked Questions
What is the current Xcel Energy rate per kWh?+
Xcel Energy's estimated effective residential rate is about 15.82 cents per kWh as of March 2026. This is a representative average; your exact rate depends on the tariff, season, and fuel/rider charges shown on the utility's official rate schedule (linked below). The estimated commercial rate is 12.34c/kWh, and the monthly fixed customer charge is roughly $8 regardless of usage.
What rate structure does Xcel Energy use?+
Xcel Energy uses a tiered rate structure. Tiered rates charge a higher rate once your usage exceeds a baseline allowance (typically set at 50-100% of average usage for your climate zone).
How do I find my Xcel Energy rate on my bill?+
Your electricity bill shows the total kWh consumed and the charges applied. Look for the 'energy charge' or 'supply charge' line item - this is the per-kWh rate times your usage. Delivery charges (transmission and distribution) are listed separately and represent a significant portion of your total rate. The fixed customer charge appears as a flat line item. Your effective combined rate (all charges / total kWh) may differ from the tariff rate due to the fixed charge amortization.
What recent rate changes has Xcel Energy made?+
Following the Colorado PUC's 2025 electric rate review, an average residential bill increase of about 9.9% is scheduled to take effect in August 2026 (source: Xcel Energy Colorado 2025 rate review filing).