Xcel Energy

About Xcel Energy

With headquarters in Minneapolis, Minnesota, Xcel Energy supplies electricity to 8 states throughout the US. A total of 3,281,232 residential customers, 522,107 commercial customers, 2 transportation customers and 1,268 industrial accounts purchase their electricity from the company. The average residential electricity price for patrons of Xcel Energy is roughly 15.01 cents per kilowatt hour. This is 4.02% lower than the US average rate of 15.64 cents, resulting in the company ranking 2269th out of 2893 companies in the nation for best average electricity price. In 2022 they sold 36,250,937 megawatt hours through wholesale channels to other companies. Electricity production and wholesale power purchases made up 57.93% and 42.22%, respectively, of the total electricity sourced by the company. Power plants owned by the company produced 77,530,086 megawatt hours and an additional 56,496,508 were procured via wholesale channels. The revenue for the company in 2022 from electricity sales was $12,662,449,500, with 81.48% coming from retail sales to end users and 11.35% from wholesale electricity sales.

The average monthly residential electricity bill for a customer of Xcel Energy is $98.49 per month, while the nationwide average is $132.69. Patrons of the supplier pay 25.78% less compared to the rest of the US. The supplier generates a total of 22,570,244.02 megawatt hours from the use of coal. This is the 12th most in the United States out of 3517 electricity suppliers Wind turbines owned or operated by the supplier produce 15,763,468 megawatt hours, or 21.60% of the total electricity generation by the provider. Solar fields owned by the supplier generate 1,809 megawatt hours, which is 0.00% of their total generation capacity.