Thanks to our balanced renewable energy portfolio, our retail electricity prices have held firmly below the national average for more than 10 years.
We continue to be a leader in the energy industry: safely delivering reliable, affordable, and clean energy to our commercial, industrial and residential customers.
Xcel Energy Electricity Rates Compared with the National Average1
1Based on data from the Energy Information Administration (EIA)
What affects rates?
State public utilities commissions -- governing bodies that regulates the rates and services of utilities -- carefully regulate our utility subsidiaries. In exchange for the exclusive right to provide electricity and natural gas services in certain regions, we agree to the following:
- Duty to serve: We will provide service to any residence or business within our service territory that requests it under reasonable terms and conditions, turning down no one.
- Cost of service pricing: Pricing for our services is regulated by the costs we incur to deliver them. We cannot arbitrarily raise prices to levels beyond our costs.
- Resource planning reviews: Every few years, we review and research the resources necessary to serve customers’ future energy needs. This process includes public input, and regulatory commissions review resource plans.
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