Minnesota

Xcel Energy Minnesota electricity rates & savings

Understand your bill, compare rate plans, optimize EV charging, and model solar savings for Xcel Energy Minnesota customers. Gleam helps Xcel Energy customers in Minnesota compare Residential Service with Time of Day, and charge an EV overnight or on the separate Accelerate at Home rate.

Current rate plans

Plan	Type	Good for
Standard / flat rate	Standard	Homes with steady usage across the day
Residential Time of Day	Time-of-use (TOU)	EV owners who can charge overnight or on weekends

Published electricity rates

Rate tier	Price (est.)
Standard flat rate (est.)	$0.11–$0.13/kWh
On-peak / peak (TOU or EV plan)	$0.21–$0.26/kWh
Off-peak / super off-peak	$0.05/kWh

Rates last verified: October 2026. Effective January 2024.

Official sources: Residential rates, Tariff sheet, EV program, and Net metering.

Peak & off-peak hours

Peak · 9am–9pm weekdays, except New Year's Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas. A Saturday holiday moves to Friday, and a Sunday holiday moves to Monday.

Off-peak · 9pm–9am weekdays, plus weekends and listed holidays

Illustrative timeline — exact windows vary by season and rate schedule.

Is the TOU or EV plan worth it?

If you drive 700+ miles/month and can charge overnight or on weekends, Xcel Energy Minnesota's time-varying rate often saves money — peak rates can run 5.0× off-peak. If most of your usage happens during peak hours (often late afternoon), TOU may cost more than a flat plan.

Calculate charging, usage, and solar economics

Use rates published for Xcel Energy Minnesota to estimate home electricity use, EV charging, solar savings, or solar payback with rate inflation and EV impact.

Electricity usage →EV grid charging →Solar payback →Home solar savings →

Solar & net metering

Xcel Energy Minnesota uses Minnesota net metering.

Example EV charging savings

Typical EV: 11,000 miles/year (3,143 kWh)

Scenario	Est. annual cost
Charge during peak ($0.26/kWh)	$813/yr
Charge off-peak ($0.05/kWh)	$163/yr
Estimated savings (off-peak vs peak)	$650/yr

Assumes 11,000 mi/yr, 3.5 mi/kWh, and 100% of EV charging at each rate tier. Real savings depend on your driving, charger, and schedule.

How these rates are built

Northern States Power territory, including the Twin Cities. Residential Service A01 base energy is 13.069¢/kWh from June through September and 11.364¢/kWh in other months, plus a $6 monthly customer charge. These are the rate-book charges effective January 1, 2024. The fuel clause and resource riders are extra and change. Electric space heating uses a lower winter energy charge.

EV and time-of-use notes

Residential Time of Day A02 and A04 uses the same $6 customer charge. Off-peak base energy is 5.171¢/kWh all year. On-peak base energy is 25.879¢/kWh from June through September and 21.408¢/kWh in other months. After the three-month trial, the plan stays in place for twelve months. EV Accelerate at Home bills only the charger: 3.825¢/kWh from midnight to 6am every day, before fuel and riders. Its on-peak window is 3–8pm on non-holiday weekdays.

Frequently asked questions

What are Xcel Energy Minnesota's off-peak hours?

9pm–9am weekdays, plus weekends and listed holidays

When are peak electricity rates in Minnesota?

9am–9pm weekdays, except New Year's Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas. A Saturday holiday moves to Friday, and a Sunday holiday moves to Monday.

Can I switch Xcel Energy Minnesota rate plans anytime?

Most utilities let you change rate plans, but some TOU or EV schedules require enrollment, smart meters, or a minimum commitment. Confirm on your utility's website.

Is Xcel Energy Minnesota's time-of-use plan worth it for EV charging?

Personalize this for your home

If you're a Xcel Energy Minnesota customer, add your provider in Gleam, link your EV, and upload your bill. Gleam finds off-peak charging windows, rate plan savings, and solar opportunities based on your actual usage.

Get Started

Gleam is an independent service and is not affiliated with, endorsed by, or sponsored by Xcel Energy Minnesota or any other utility company. Xcel Energy Minnesota is used descriptively to identify the service territory only. Rate information is for reference — always confirm current tariffs on your utility's official website before making billing decisions.