Xcel Energy

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About Xcel Energy

With headquarters in Minneapolis, Minnesota, Xcel Energy supplies electricity to 8 states throughout the US. A total of 3,215,486 residential customers, 517,357 commercial customers, 2 transportation customers and 1,263 industrial accounts purchase their electricity from the company. The average residential electricity price for patrons of Xcel Energy is roughly 13.26 cents per kilowatt hour. This is 3.24% lower than the US average rate of 13.71 cents, resulting in the company ranking 2010th out of 2923 companies in the nation for best average electricity price. In 2020 they sold 35,560,961 megawatt hours through wholesale channels to other companies. Electricity production and wholesale power purchases made up 57.99% and 42.36%, respectively, of the total electricity sourced by the company. Power plants owned by the company produced 73,467,722 megawatt hours and an additional 53,661,785 were procured via wholesale channels. The revenue for the company in 2020 from electricity sales was $10,281,701,800, with 79.51% coming from retail sales to end users and 10.84% from wholesale electricity sales.

The average monthly residential electricity bill for a customer of Xcel Energy is $91.61 per month, while the nationwide average is $121.23. Patrons of the supplier pay 24.43% less compared to the rest of the US. The supplier generates a total of 27,095,089.01 megawatt hours from the use of coal. This is the 14th most in the United States out of 3509 electricity suppliers Wind turbines owned or operated by the supplier produce 14,662,868 megawatt hours, or 19.04% of the total electricity generation by the provider. Solar fields owned by the supplier generate 2,166 megawatt hours, which is 0.00% of their total generation capacity.

Xcel Energy Net Metering

Customers of Xcel Energy are able to take advantage of net metering offerings, which is a positive for both parties. Net metering makes solar panel purchases more economically feasible as it allows consumers to sell electricity into the grid.

Energy Loss

Xcel Energy loses electricity at a rate of 2.03% of their total production from heat dissipation and other causes. This percentage of loss earns them a rank of 194th best out of 3509 providers reporting energy loss in the country.

Xcel Energy Rate & Electric Bills

Xcel Energy residential electric rates are highest in January and the highest average bill is in February.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.141/kWh$0.109/kWh$122.46/mo.$62.43/mo.
2010th13.26¢Xcel Energy's Average residential price per kWh
778th$91.61Average monthly electricity bill for Xcel Energy's residential customers

Xcel Energy Overview

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Quick Facts About Xcel Energy

Based on megawatt hours produced, Xcel Energy is the 16th largest electricity company out of 3509 in the US.

Xcel Energy is the 16th largest generator of electricity in the United States out of 3509 providers, producing 77,003,596.64 megawatt hours.

Xcel Energy is the 17th largest producer of megawatt hours from non-renewable fuel sources in the US.

Xcel Energy ranks 29th out of 3509 suppliers in the United States for total electricity generation from natural gas.

Xcel Energy generates 949,271 megawatt hours of electricity from the use of hydroelectric power, making Xcel Energy 34th in the US out of 3509 companies.

Xcel Energy generates 20.70% of their electricity from renewable fuel sources, which ranks them 313th out of the 3509 companies we track in the US.

Energy provider of the year for Texas, Major Provider Category
Highest Ratio of Renewable Electricity
Texas, Major Provider Category
Claim Award

Energy Loss

Xcel Energy's energy loss due to business operations.

-2.03%

Total Energy Loss

2,575,337MWh

194 National Rank

Xcel Energy Energy Makeup

Xcel Energy Coverage Map

Coverage Map Placeholder

Xcel Energy State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Colorado1,540,0823,125,957,566136.35%
Michigan8,93615,481,047260.22%
Minnesota1,333,2193,542,699,919137.54%
New Mexico125,467582,903,73653.61%
North Dakota94,993238,423,18232.7%
South Dakota98,987246,908,93613.01%
Texas275,688900,635,601158.76%
Wisconsin256,737728,653,90157.81%

Xcel Energy County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Adams County519,572413.49$120.81/mo
Alamosa County16,376215.64$102.57/mo
Andrews County18,6105410.63$126.13/mo
Anoka County363,887313.80$112.69/mo
Arapahoe County655,070213.43$109.58/mo
Armstrong County1,848314.24$106.86/mo
Ashland County16,027315.89$111.35/mo
Bailey County6,904212.15$98.88/mo
Barron County46,711613.78$112.67/mo
Bayfield County16,220315.52$114.59/mo

Power Plants Owned by Xcel Energy

PlantCity/CountyStatePrimary Fuel TypeProduction (MWh)Emission (kg)Emissions/MWhToxic Chemical ReleaseClosing Date
Becker MN Coal 9,520,712.19,261,465,843.01972.77
Red Wing MN Nuclear 9,092,581
Pueblo CO Coal 7,217,224.027,244,264,945.821,003.75
Moffat County CO Coal 7,168,884.017,230,612,449.831,008.61
Monticello Nuclear FacilityNorthern States Power Company (100.00%)
Monticello MN Nuclear 4,983,528
Potter County TX Coal 4,558,8204,758,926,487.421,043.89
North Washington CDP CO Natural Gas 3,067,9851,445,397,219.42471.12
St. Paul MN Natural Gas 3,038,9141,112,486,734.8366.08
Weld County CO Natural Gas 2,934,6941,279,176,104.36435.88
Morgan County CO Coal 2,822,0643,049,456,403.21,080.58

Xcel Energy Fuel Makeup

COAL
Coal
Coal
Coal
Coal
35.19%
NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
25.60%
WIND
Wind
Wind
19.04%
NUCLEAR
Nuclear
Nuclear
18.28%
CONVENTIONAL HYDROELECTRIC
Conventional Hydroelectric
1.23%
OTHER
Other
0.66%

Cities Xcel Energy Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Xcel Energy Reviews

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Xcel Energy FAQ:

Does Xcel Energy have any subsidiary companies?

Xcel Energy owns Public Service Company of Colorado, Southwestern Public Service Company, and Northern States Power Company.

What is the average BUNDLED electricity rate for Xcel Energy customers?

The average BUNDLED rate of electricity for customers of Xcel Energy is 13.26 cents per kilowatt hour (¢/kWh).

What percentage of Xcel Energy's electricity is generated using renewable fuel sources?

Xcel Energy generates 20.70% of their electricity using renewable fuel sources.

How much is the average bundled bill for Xcel Energy customers each month?

The average monthly bundled electric bill for customers of Xcel Energy is $91.61. The US average is $121.23 for bundled service.

What is the phone number for Xcel Energy?

Xcel Energy's customer service phone number is (800) 895-1999

What cities does Xcel Energy have customers in in?

Xcel Energy has customers in 891 cities throughout the country.

Who is the CEO of Xcel Energy?

Xcel Energy's current CEO is Robert Frenzel.

How many counties does Xcel Energy provider electricity to?

Xcel Energy sells electricity in 164 counties.

How many power plants are owned by or associated with Xcel Energy?

Xcel Energy is associated with or owns 65 power plants.

How many states does Xcel Energy have customers in to?

Xcel Energy provides electricity to customers in 8 states.

What percentage of Xcel Energy's electricity is produced using nonrenewable fuel sources?

Electric production plants owned by or associated with Xcel Energy produce 79.30% of their electricity from nonrenewable fuel types.

Last Reviewed By: Ginalyn Gelera
Published: 2022-06-01