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 3,243,551 residential customers, 519,306 commercial customers, 2 transportation customers and 1,260 industrial accounts purchase their electricity from the company. The average residential electricity price for patrons of Xcel Energy is roughly 14.56 cents per kilowatt hour. This is 1.87% lower than the US average rate of 14.84 cents, resulting in the company ranking 2309th out of 2906 companies in the nation for best average electricity price. In 2021 they sold 37,276,601 megawatt hours through wholesale channels to other companies. Electricity production and wholesale power purchases made up 58.00% and 42.92%, respectively, of the total electricity sourced by the company. Power plants owned by the company produced 76,574,650 megawatt hours and an additional 56,669,868 were procured via wholesale channels. The revenue for the company in 2021 from electricity sales was $11,641,150,200, with 77.31% coming from retail sales to end users and 14.23% from wholesale electricity sales.

The average monthly residential electricity bill for a customer of Xcel Energy is $98.84 per month, while the nationwide average is $131.84. Patrons of the supplier pay 25.03% less compared to the rest of the US. The supplier generates a total of 24,775,650.52 megawatt hours from the use of coal. This is the 15th most in the United States out of 3509 electricity suppliers Wind turbines owned or operated by the supplier produce 15,498,768 megawatt hours, or 20.37% of the total electricity generation by the provider. Electricity generation from renewable fuel types by the company totals 16,791,854.11 megawatt hours, ranking the provider 13th in the country out of the 3509 we track.

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 3.75% of their total production from heat dissipation and other causes. This percentage of loss earns them a rank of 673rd 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 May.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.159/kWh$0.109/kWh$137.37/mo.$62.43/mo.
2309th14.56¢Xcel Energy's Average residential price per kWh
927th$98.84Average 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 76,079,703.41 megawatt hours.

Xcel Energy ranks 29th in the nation out of 3509 companies for total electricity generation from natural gas, with generation totaling 19,498,887.08 total megawatt hours each year.

Xcel Energy is 35th in the nation out of 3509 providers for total megawatt hours generated from hydroelectric power.

Xcel Energy ranks 21st out of 3509 providers in the US for electricity generated from nuclear power facilities.

Xcel Energy produces 77.93% of their total electricity generation from non-renewable fuel sources. The total electricity produced from non-renewable sources is 59,287,849.29 megawatt hours, which is 18th most out of 3509 providers in the United States.

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.

-3.75%

Total Energy Loss

4,952,054MWh

673 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
Colorado1,553,2263,392,403,283136.54%
Michigan8,93917,736,328260.23%
Minnesota1,343,5603,831,275,476136.78%
New Mexico126,307718,149,32154.04%
North Dakota95,508249,142,39332.57%
South Dakota100,802255,665,69312.9%
Texas277,6521,115,080,701139.34%
Wisconsin258,124787,359,63457.6%

Xcel Energy County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Adams County514,969413.95$122.45/mo
Alamosa County16,377215.94$104.73/mo
Andrews County18,1845410.62$108.96/mo
Anoka County360,773314.12$110.20/mo
Arapahoe County651,621214.30$115.57/mo
Armstrong County1,980315.91$121.81/mo
Ashland County16,002316.61$114.75/mo
Bailey County6,968213.67$111.90/mo
Barron County46,529614.22$115.20/mo
Bayfield County16,031316.18$117.35/mo

Power Plants Owned by Xcel Energy

PlantCity/CountyStatePrimary Fuel TypeProduction (MWh)Emission (kg)Emissions/MWhToxic Chemical ReleaseClosing Date
Becker MN Coal 9,344,719.018,985,713,155.39961.58
Red Wing MN Nuclear 9,150,927
Moffat County CO Coal 7,367,8647,473,935,627.981,014.4
Pueblo CO Coal 5,728,578.995,808,026,225.721,013.87
Monticello Nuclear FacilityNorthern States Power Company (100.00%)
Monticello MN Nuclear 5,643,204
Potter County TX Coal 4,252,5804,447,023,159.151,045.72
North Washington CDP CO Natural Gas 3,463,1741,634,646,692.84472.01
Weld County CO Natural Gas 2,997,7651,301,112,540.98434.03
Routt County CO Coal 2,930,9402,916,437,430.5995.05
Weld County CO Natural Gas 2,576,7721,058,748,574.94410.88

Xcel Energy Fuel Makeup

COAL
Coal
Coal
Coal
Coal
32.57%
NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
25.63%
WIND
Wind
Wind
Wind
20.37%
NUCLEAR
Nuclear
Nuclear
19.45%
CONVENTIONAL HYDROELECTRIC
Conventional Hydroelectric
1.27%
OTHER
Other
0.72%

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

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

The average BUNDLED rate of electricity for customers of Xcel Energy is 14.56 cents per kilowatt hour (¢/kWh).

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

Xcel Energy generates 22.07% 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 $98.84. The US average is $131.84 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 872 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 76 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 77.93% of their electricity from nonrenewable fuel types.

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