Customer Support

Rate Riders

Resource Adjustment


The Resource Adjustment reflects energy initiative expenses and is shown as a line item on your bill. This includes the following six electric and four gas riders, which the Minnesota Public Utilities Commission reviews annually.

Minnesota Rate Rider Descriptions (PDF)

Electric Riders

Electric Riders

Electric Riders

Effective Date

$/kWh

Transmission Cost Recovery Jan. 1, 2024  
   Residential   $0.005474
   Commercial (non-demand)   $0.003634
   Demand Billed   $0.240/kW
   Critical Peak Price   $0.000625
Conservation Improvement Program Adj. Oct. 1, 2023 $0.002225
Renewable Development Fund Rider

Jan. 1, 2024

$0.001385
State Energy Policy Jan. 1, 2014 $0.000000
Renewable Energy Standard Cost Recovery Jan. 1, 2024 0.981%
Mercury Cost Recovery Jan. 1, 2011 -

The Minnesota Public Utilities Commission approves monthly fuel rates for calendar year, shown in the Commission-Approved Rates column below. For some months, there may be a true-up factor applied to adjust for prior period over- or under-collection.  For those months, the Fuel Cost Charge column has been adjusted to account for the amount listed in the True-Up Factor column.  The amounts shown in the Fuel Cost Charge column will be shown on a separate line on your monthly bill.

(Tables last updated 02/01/2024)

Residential Customers

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.03308  ($0.00220) $0.03088
February $0.03624  ($0.00247) $0.03377
March  $0.03659   $0.03659
April  $0.03955   $0.03955
May  $0.04238   $0.04238
June  $0.03969

 

$0.03969
July  $0.04059   $0.04059
August  $0.03949   $0.03949
September  $0.03947   $0.03947
October  $0.03813   $0.03813
November  $0.03455   $0.03455
December  $0.03225   $0.03225

C&I Non-Demand

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.03305  ($0.00220) $0.03085
February $0.03621  ($0.00247) $0.03374
March  $0.03656   $0.03656
April  $0.03952

 

$0.03952
May  $0.04234   $0.04234
June  $0.03965   $0.03965
July  $0.04055   $0.04055
August  $0.03946   $0.03946
September  $0.03944   $0.03944
October  $0.03809   $0.03809
November  $0.03452   $0.03452
December 

$0.03222

  $0.03222

C&I Demand Non-Time of Day

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.03256  ($0.00217) $0.03039
February $0.03567  ($0.00244) $0.03323
March  $0.03601   $0.03601
April  $0.03893   $0.03893
May  $0.04170   $0.04170
June  $0.03906   $0.03906
July  $0.03994   $0.03994
August  $0.03887   $0.03887
September  $0.03885   $0.03885
October  $0.03752   $0.03752
November  $0.03400   $0.03400
December  $0.03173   $0.03173

C&I Time of Day customers during On-Peak hours

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.04135  ($0.00275) $0.03860
February $0.04531  ($0.00310) $0.04221
March  $0.04575   $0.04575
April  $0.04945   $0.04945
May  $0.05298   $0.05298
June  $0.04962   $0.04962
July  $0.05077   $0.05077
August  $0.04940   $0.04940
September  $0.04937   $0.04937
October  $0.04768   $0.04768
November  $0.04320   $0.04320
December  $0.04032   $0.04032

C&I Time of Day customers during Off-Peak hours

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.02599  ($0.00173) $0.02426
February $0.02846  ($0.00194) $0.02652
March  $0.02873   $0.02873
April  $0.03106   $0.03106
May  $0.03328   $0.03328
June  $0.03116   $0.03116
July  $0.03185   $0.03185
August  $0.03100   $0.03100
September  $0.03099   $0.03099
October  $0.02993   $0.02993
November  $0.02713   $0.02713
December  $0.02532   $0.02532

Outdoor Lighting

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.02488  ($0.00165) $0.02323
February $0.02725  ($0.00186) $0.02539
March  $0.02750   $0.02750
April  $0.02974   $0.02974
May  $0.03186   $0.03186
June  $0.02983   $0.02983
July  $0.03048   $0.03048
August  $0.02967   $0.02967
September  $0.02966   $0.02966
October  $0.02865   $0.02865
November  $0.02597   $0.02597
December  $0.02424   $0.02424

C&I General Time of Use Pilot

Month
Peak
Base
Off-Peak
January $0.04006  $0.03231 $0.01592
February $0.04381  $0.03533 $0.01738
March  $0.04749 $0.03829 $0.01882
April  $0.05133 $0.04139 $0.02036
May  $0.05499 $0.04434 $0.02182
June  $0.05150

$0.04153

$0.02042

July  $0.05270  $0.04247 $0.02083
August  $0.05128  $0.04133 $0.02029
September  $0.05124  $0.04131 $0.02029
October  $0.04949  $0.03990 $0.01960
November  $0.04484  $0.03615 $0.01777
December  $0.04185  $0.03374 $0.01660

The Minnesota Public Utilities Commission approves monthly fuel rates for calendar year, shown in the Commission-Approved Rates column below. For some months, there may be a true-up factor applied to adjust for prior period over- or under-collection.  For those months, the Fuel Cost Charge column has been adjusted to account for the amount listed in the True-Up Factor column.  The amounts shown in the Fuel Cost Charge column will be shown on a separate line on your monthly bill.

(Tables last updated 11/29/2023)

Residential Customers

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.03012  $0.00304 $0.03316
February $0.03263  $0.00352 $0.03615
March  $0.03963 $0.00310 $0.04273
April  $0.04404 $0.00357 $0.04761
May  $0.04546 $0.00335 $0.04881
June  $0.04801

$0.00306

$0.05107
July  $0.03924  $0.00266 $0.04190
August  $0.03895  $0.00273 $0.04168
September  $0.03729  ($0.00167) $0.03562
October  $0.03881 $0.03881 $0.03881
November  $0.03580 ($0.00245) $0.03335
December  $0.03303   $0.03303

C&I Non-Demand

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.03050   $0.00308 $0.03358
February $0.03304   $0.00357 $0.03661
March  $0.04013   $0.00314 $0.04327
April  $0.04460 

$0.00362

$0.04822
May  $0.04603   $0.00339 $0.04942
June  $0.04862   $0.00310 $0.05172
July  $0.03974 $0.00269 $0.04243
August  $0.03944  $0.00276 $0.04220
September  $0.03776  ($0.00169) $0.03607
October  $0.03930    $0.03930 
November  $0.03625   ($0.00248) $0.03377
December 

$0.03345

  $0.03345 

C&I Demand Non-Time of Day

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.02955   $0.00299 $0.03254
February $0.03201   $0.00345 $0.03546
March  $0.03888   $0.00305 $0.04193
April  $0.04321   $0.00350 $0.04671
May  $0.04460   $0.00328 $0.04788
June  $0.04710   $0.00301 $0.05011
July  $0.03850 $0.00261 $0.04111
August  $0.03821 $0.00268 $0.04089
September  $0.03658  (0.00164) $0.03494
October  $0.03808    $0.03808 
November  $0.03512   ($0.00241) $0.03271
December  $0.03241    $0.03241 

C&I Time of Day customers during On-Peak hours

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.03693   $0.00373 $0.04066
February $0.04003   $0.00432 $0.04435
March  $0.04862   $0.00381 $0.05243
April  $0.05401   $0.00438 $0.05839
May  $0.05575   $0.00411 $0.05986
June  $0.05890   $0.00376 $0.06266
July  $0.04815 $0.00326 $0.05141
August  $0.04779 $0.00335 $0.05114
September  $0.04574 ($0.00205) $0.04369
October  $0.04761    $0.04761 
November  $0.04392   ($0.00301 $0.04091
December  $0.04051    $0.04051 

C&I Time of Day customers during Off-Peak hours

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.02419   $0.00244 $0.02663
February $0.02618   $0.00283 $0.02901
March  $0.03180   $0.00249 $0.03429
April  $0.03536   $0.00287 $0.03823
May  $0.03650   $0.00269 $0.03919
June  $0.03854   $0.00246 $0.04100
July  $0.03149 $0.00213 $0.03362
August  $0.03124 $0.00219  $0.03343
September  $0.02993 ($0.00134) $0.02859
October  $0.03115    $0.03115 
November  $0.02873   ($0.00197) $0.02676
December  $0.02652    $0.02652 

Outdoor Lighting

Month
Commission-Approved Rate ($/kWh)
True-up Factor ($/kWh)
Fuel Cost Charge ($/kWh)
January $0.02363   $0.00238 $0.02601
February $0.02557   $0.00276 $0.02833
March  $0.03106   $0.00243 $0.03349
April  $0.03454   $0.00280 $0.03734
May  $0.03565   $0.00262 $0.03827
June  $0.03764   $0.00240 $0.04004
July  $0.03076 $0.00208 $0.03284
August  $0.03052 $0.00214 $0.03266
September  $0.02923 ($0.00131) $0.02792
October  $0.03043    $0.03043 
November  $0.02806   ($0.00192) $0.02614
December  $0.02591    $0.02591 

C&I General Time of Use Pilot

Month
Peak
Base
Off-Peak
January $0.04109  $0.03489 $0.01823
February $0.04482  $0.03803 $0.01982
March  $0.05298 $0.04497 $0.02343
April  $0.05901 $0.05010 $0.02616
May  $0.06048 $0.05135 $0.02681
June  $0.06331

$0.05374

$0.02803

July  $0.05194  $0.04408 $0.02297
August  $0.05168  $0.04385 $0.02283
September  $0.04415  $0.03747 $0.01954
October  $0.04811  $0.04084 $0.02129
November  $0.04134  $0.03509 $0.01829
December  $0.04093  $0.03475 $0.01815

Gas Riders

Gas Riders

Gas Utility Infrastructure Rider (GUIC) (PDF)

Gas Riders

Effective Date

Per Therm

Gas Utility Infrastructure Rider (GUIC) June 1, 2023  
   Residential   $0.052947
   Commercial Firm   $0.027622
   Commercial Demand Billed   $0.005271
   Interruptible   $0.014193
State Energy Policy Jan. 1, 2022 $0.000000
Conservation Improvement Program Adj. Oct. 1, 2023 $0.008994
Revenue Decoupling Mechanism Rider (RDM) Aug. 1, 2023  
    Residential   $0.000000
    Small Commercial   $0.000000
   Large Commercial   $0.000000
   Large Demand Billed   $0.000000
   Small Interruptible   $0.000000
   Medium Interruptible   $0.000000

Purchased Gas Adjustment

Base Cost of Gas

One component of the Cost of Gas is the Base Cost of Gas. The Base Cost of Gas is an estimate of the Total Cost of Gas that is calculated for and only changed as part of a general rate case.

Cost of Gas Sheet (PDF)

Current Values
for Base Cost of Gas
(by class)
Effective
February 1, 2024
$/therm
Residential $0.504674
Commercial Firm $0.503402
Demand Billed – Demand $0.852050
Demand Billed – Commodity $0.351419
Small Interruptible $0.361167
Medium Interruptible $0.350956
Large Interruptible $0.346915


The other component of the Cost of Gas is the PGA. The PGA is a mechanism designed to recover the current cost of gas supply. The PGA factor is equal to the current wholesale delivered cost of the natural gas supply purchased by Xcel Energy less the Base Cost of Gas. The current cost of gas supply includes supply, transportation, peak shaving and other costs, which the Minnesota Public Utilities Commission (MPUC) determines from time to time. Because of the volatility in the cost of gas supply, a monthly adjustment is needed to raise or lower rates to reflect current market prices. At the close of each month the cost of gas supply for the next month is estimated. This estimated cost of gas supply is then divided by the forecasted retail sales for the month. This $/therm result is compared to the $/therm Base Cost of Gas, and the difference is the PGA factor.

Current Values
for PGA
(by class)

January 2024
 
$/therm

February 2024
$/therm

Residential ($0.076174) ($0.007554)
Commercial Firm ($0.071162) ($0.001871)
Demand Billed – Demand ($0.081050) ($0.017460)
Demand Billed – Commodity ($0.035069) $0.015911
Small Interruptible ($0.058227) ($0.007247)
Medium Interruptible ($0.034926) $0.016054
Large Interruptible ($0.030885) $0.020095


The PGA also includes a true-up factor. Every September, Xcel Energy determines how much gas expense was incurred for the previous July - June compared to the amount Xcel Energy collected from customers. Any over- or under-recovery is divided by the customer class’s forecasted sales to develop the true-up factor. The MPUC approves the true-up factor annually. The true-up ensures that Xcel Energy collects the actual cost of gas supply, no more and no less.

Current Values
for True-Up
(by class)

September 2023 -
August 2024
$/therm

Residential ($0.01944)
Commercial Firm ($0.02446)
Demand Billed – Demand $0.02507
Demand Billed – Commodity ($0.00298)
Small Interruptible $0.00054
Medium Interruptible $0.03594
Large Interruptible $0.03594


Trends in cost of gas and how they affect the PGA

Natural gas, like other commodities, is based on supply and demand.

  • When the demand for gas is high, the price also increases.
  • This causes the PGA to be higher in the winter months and lower in the summer months. However, as natural gas is used more for generation, this trend could change.
  • As was seen in late 2005, severe weather can have significant effects on natural gas supply.

Xcel Energy’s fuel cost forecast is based on “normal” weather. When weather deviates substantially from “normal” there is a direct impact on the PGA.

  • “Normal” weather is defined as actual ambient air temperature that deviates from the 30-year average for the month. 

Affordability Surcharge

The Affordability Surcharge recovers the costs of energy assistance provided through our low income program. The line item for electric customers is "Affordability Surcharge" and the line item for gas customers is "Gas Affordability."

Customer TypeEffective DateSurcharge
Electric    
   Residential Jan. 1, 2024 $1.03/month
   C&I Non-demand Jan. 1, 2024 $1.03/month
   C&I Demand Jan. 1, 2024 $4.49/month
Gas Jun. 1, 2017 $0.00445/therm
Energy Saving Tip Icon

Energy Saving Tip

Turn off your lights when you leave the room—even if you'll only be gone for a moment. Contemporary light bulbs require very little energy to turn "on."

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Break Ground, Not the Law

Always call 811 before digging in your yard to avoid hitting buried gas or electric lines. Not only is it the safe thing to do, but it's the law.