Northern States Power Company - Minnesota, a subsidiary of Xcel Energy, is mandated by state law to provide all of our customers with at least the following percentages of electricity from renewable resources: 18% by 2012, 25% by 2016, and 30% by 2020. The costs associated with such renewable resources are included in each electricity customer's monthly electric bill. The energy you purchase through Renewable*Connect is in addition to the renewable energy generation we provide as required by law.
A Renewable*Connect charge will appear as a separate line item on your monthly Xcel Energy bill and is determined based on the number of kilowatt-hours (kWh) you purchased. The current month-to-month contract price is $3.56 per 100 kWh block. In addition, you will receive a fuel cost credit, which decreases the net cost of Renewable*Connect. The 2017 premium varies slightly based on the contract term as follows.
|Monthly||5 Years||10 Years|
|Price per Block||$3.56||$3.24||$3.19|
|Average Fuel Cost Credit*||$2.48||$2.48||$2.48|
|Net Price per Block||$1.08||$0.76||$0.71|
*Based on the 2016 average Fuel Cost Credit for Minnesota residential electric customers
NOTE: The cost will vary slightly each year for the 5-Year and 10-Year contract participant as follows:
If your electricity use is less than your level of Renewable*Connect commitment in a given month, you will be charged only for what you use. Actual costs will vary based on actual usage and monthly fuel credit variations.
Renewable*Connect is offered a) month-to-month (no term minimum), b) 5 year term, c) 10 year term. For all month-to-month participates, your subscription will continue each month unless you notify us of a change in your subscription. Customers may either call 800-895-4999 or email RenewableConnectMN@xcelenergy.com to cancel their commitment. Please allow 30 days for a change to be effective.
Customers that terminate 5-year or 10-year contracts prior to the contract end date shall be subject to a termination fee. This fee is equal to the customer’s actual Renewable*Connect energy usage for the last 12 months multiplied by a per kWh amount of $0.01. (e.g. for a typical residential customer using 8,000 kWh annually signed up for 100% Renewable*Connect would pay about an $80 termination fee.)
Renewable*Connect is supplied with energy from 50 MW of Minnesota wind and 25 MW of Minnesota solar.
Renewable*Connect is Green e-Energy certified, and meets the environmental and consumer-protection standards set forth by the nonprofit Center for Resource Solutions. Learn more at www.green-e.org.
For a complete list of the resources included in Renewable*Connect, view the Product Content Label. To learn more, review the Frequently Asked Questions. You can also call us at 800-895-4999 (residential) and 800-481-4700 (business) or email us at RenewableConnectMN@xcelenergy.com.
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