Xcel Energy Minnesota electricity rates
Northern States Power Co - Minnesota, as the EIA and URDB list it
Northern States Power Co - Minnesota's customers paid 17.0¢ per kWh in 2024, riders included (EIA-861): about $100 a month for 588 kWh. Residential TOD Underground Standard (A04), the lowest of 4 open plans at 1,000 kWh a month, comes to $1,945 a year, at the typical hour-by-hour use of homes in Minnesota. Schedule retrieved October 8, 2026.
Every priced Northern States Power Co - Minnesota plan, 1,000 kWh/mo
| Plan | Per year | vs cheapest | Effective |
|---|---|---|---|
| Residential TOD Underground Standard (A04)✓ cheapesttime-of-use · in effect since January 2025 | $1,945.43 | — | 16.2¢ |
| Residential Service - Overhead Standard (A01)priced by season · in effect since January 2025 | $2,016.44 | +$71.01 | 16.8¢ |
| Residential Service - Underground Standard (A03)priced by season · in effect since January 2025 | $2,016.44 | +$71.01 | 16.8¢ |
| Residential TOD Overhead Standard (A02)time-of-use · in effect since January 2025 | $2,028.89 | +$83.46 | 16.9¢ |
| Priced but not ranked — restricted, older, or not verifiable as a bill | |||
| Energy Controlled Service Non-demand metered Residential (A05)flat rate · in effect since May 2015 · needs controlled load equipment | $940.56 | −$1,004.87 | 7.8¢ |
| Residential Service - Underground Electric Space Heating (A03)priced by season · in effect since January 2025 · needs electric heating | $1,740.52 | −$204.91 | 14.5¢ |
| Residential Service - Overhead Electric Space Heating (A01)priced by season · in effect since January 2025 · needs electric heating | $1,740.52 | −$204.91 | 14.5¢ |
| Residential TOD Underground Electric Space Heating (A04)time-of-use · in effect since January 2025 · needs electric heating | $1,790.82 | −$154.61 | 14.9¢ |
| Residential TOD Overhead Electric Space Heating (A02)time-of-use · in effect since January 2025 · needs electric heating | $1,790.82 | −$154.61 | 14.9¢ |
| Residential Electric Vehicle Service (A08)time-of-use · in effect since January 2022 · needs an electric vehicle | $2,070.16 | +$124.73 | 17.3¢ |
Price Northern States Power Co - Minnesota’s plans at your own usage — and see what moving from your current plan would save.
The cheapest Northern States Power Co - Minnesota plan at each level of use
- 500 kWh/mo — cheapest $1,008.70 (Residential TOD Underground Standard (A04)), dearest $1,050.42, a $41.72 spread
- 1,000 kWh/mo — cheapest $1,945.43 (Residential TOD Underground Standard (A04)), dearest $2,028.89, a $83.46 spread
- 2,000 kWh/mo — cheapest $3,818.82 (Residential TOD Underground Standard (A04)), dearest $3,985.72, a $166.90 spread
What a typical Northern States Power Co - Minnesota bill costs
At 1,000 kWh a month the 4 generally available plans here run from $1,945.43 on Residential TOD Underground Standard (A04) to $2,028.89 on Residential TOD Overhead Standard (A02), with a median of $2,016.44.
Effective rates span 16.2¢ to 16.9¢ per kWh at that usage.
What Northern States Power Co - Minnesota's customers were billed in 2024
Priced at 588 kWh a month, what Northern States Power Co - Minnesota's customers used on average, its open plans come within 1% of what EIA reports they were billed in 2024: the plans here describe its bills well.
| Ownership, as EIA classes it | Investor-owned |
|---|---|
| Full-service homes in Minnesota | 1,230,057 |
| Share of Minnesota's households | 48% |
| Average use per home | 588 kWh a month |
| Average bill per home | $99.82 a month |
| Billed per kWh, riders included | 17.0¢ |
| Median open plan here, at that use | 17.2¢ |
Northern States Power Co - Minnesota in U.S. Energy Information Administration, Form EIA-861, 2024 (Sales_Ult_Cust_2024.xlsx), retrieved September 23, 2026.
How the Residential Service - Overhead Standard (A01) bill at 1,000 kWh has moved since 2014
Northern States Power Co - Minnesota's Residential Service - Overhead Standard (A01) cost $119.44 a month under its July 2014 version, filed then as Residential Service- Overhead Standard (A01), and costs $168.04 under its January 2025 one, 41% more. Its biggest single step, in January 2022, added $24.06 (17%). In Minnesota, EIA's average price rose 32% between 2014 and 2025.
Every version of Residential Service - Overhead Standard (A01)
| Took effect | At 1,000 kWh | Change | Record |
|---|---|---|---|
| January 2025 | $168.04 | −$1.77 (−1.0%) | URDB |
| March 2024 | $169.81 | +$7.66 (+4.7%) | URDB |
| January 2022 | $162.15 | +$24.06 (+17.4%) | URDB |
| November 2020 | $138.09 | $0.00 (0.0%) | URDB |
| July 2020 | $138.09 | −$4.64 (−3.3%) | URDB |
| January 2019 | $142.73 | +$4.91 (+3.6%) | URDB |
| January 2018 | $137.82 | +$14.36 (+11.6%) | URDB |
| February 2017 | $123.46 | +$0.16 (+0.1%) | URDB |
| June 2016 | $123.30 | +$5.50 (+4.7%) | URDB |
| May 2015as Residential Service- Overhead Standard (A01) | $117.80 | −$1.64 (−1.4%) | URDB |
| July 2014as Residential Service- Overhead Standard (A01) | $119.44 | First on record | URDB |
In the guides: Why electricity rates change
How it compares
Among the 100 utilities indexed, Northern States Power Co - Minnesota's cheapest open plan is the 43rd-highest, 5% more than their median of $1,849.47. It sits between South Carolina Electric&Gas Co ($1,942.56) and Progress Energy Carolinas Inc (South Carolina) ($1,945.72).
Its fixed charge, $6.00 a month on Residential TOD Underground Standard (A04), is lower than on the cheapest plan of 96 of the other 99 utilities.
Residential Service - Overhead Standard (A01) changes price with the season: a kWh costs 1.9¢ more in June to September than in October to May, and the same 1,000 kWh is billed $180.49 in its dearest month against $161.81 in its cheapest.
In the guides: What a bill costs before a single kilowatt-hour · The price that changes with the month
Which plan from Northern States Power Co - Minnesota is cheapest as use rises
Residential TOD Underground Standard (A04) is cheapest at every level tested — $1,008.70 a year at 500 kWh a month, $3,818.82 at 2,000 kWh.
The penalty for a poor choice grows with usage: $41.72 a year at 500 kWh against $166.90 at 2,000 kWh.
Cheapest 6 plans at 1,000 kWh a month
Residential TOD Underground Standard (A04) — $1,945.43 a year, 16.2¢ per kWh effective, time-of-use. It carries a $6.00 monthly standing charge. In effect since January 2025.
Residential Service - Overhead Standard (A01) — $2,016.44 a year, 16.8¢ per kWh effective, priced by season. It carries a $6.00 monthly standing charge. In effect since January 2025.
Residential Service - Underground Standard (A03) — $2,016.44 a year, 16.8¢ per kWh effective, priced by season. It carries a $6.00 monthly standing charge. In effect since January 2025.
Residential TOD Overhead Standard (A02) — $2,028.89 a year, 16.9¢ per kWh effective, time-of-use. It carries a $6.00 monthly standing charge. In effect since January 2025.
Energy Controlled Service Non-demand metered Residential (A05) — $940.56 a year, 7.8¢ per kWh effective, flat rate. It carries a $5.66 monthly standing charge. In effect since May 2015. Too old to quote as a current price.
Residential Service - Underground Electric Space Heating (A03) — $1,740.52 a year, 14.5¢ per kWh effective, priced by season. It carries a $6.00 monthly standing charge. In effect since January 2025. Restricted: needs electric heating.
How Northern States Power Co - Minnesota's plans are structured
Of 10 priceable plans: 5 time-of-use, 4 priced by season, 1 flat-rate.
Fixed monthly charges run from $5.66 to $6.00.
Northern States Power Co - Minnesota's published schedules
Northern States Power Co - Minnesota was found serving Minneapolis, Minnesota. 10 of its 10 published residential schedules can be priced.
The largest saving among Northern States Power Co - Minnesota's plans
Moving from Residential TOD Overhead Standard (A02) to Residential TOD Underground Standard (A04) saves $83.46 a year at 1,000 kWh a month, with no change in consumption.
When Northern States Power Co - Minnesota's time-of-use plans charge most
Residential TOD Underground Standard (A04) charges 28.6¢ a kWh weekdays 9 am to 9 pm, June to September, against 9.2¢ in its cheapest hours; those dearest hours are 12% of the year. Homes in Minnesota typically put 14% of their electricity in them (NREL ResStock), which is what its price above assumes: moving use out of them lowers the bill, adding to them raises it.
Residential TOD Overhead Standard (A02) charges 31.5¢ a kWh weekdays 9 am to 9 pm, June to September, against 8.8¢ in its cheapest hours; those dearest hours are 12% of the year. Homes in Minnesota typically put 14% of their electricity in them (NREL ResStock), which is what its price above assumes: moving use out of them lowers the bill, adding to them raises it.
In the guides: Time-of-use plans, hour by hour
What the Northern States Power Co - Minnesota figures do not cover
5 of these plans price by the hour; their figures assume the typical hourly pattern of homes in Minnesota, not this household's own hours.