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Xcel Energy Minnesota Rate Increase 2026: 3.4%

Xcel Energy serves electric customers in Minnesota under the Minnesota Public Utilities Commission. This page tracks that Minnesota utility, not Xcel companies in other states.

Minnesota · Minnesota Public Utilities Commission · Official site

Proposed and approved

Read oldest first. A proposed or settled row is not an approved rate.

Approved Electric All customers

Effective date not stated

Approved 3.4%. Requested 3.6%.

2026 revenue increase across all customers. Also approved: 2.3% for 2025. Requested 9.6% and 3.6%. The release does not state the 2026 step date. Final rates are below interim rates, so refunds are due.

Source · Docket 24-320 · Decision Jun 24, 2026

Manual only. Do not use the my.xcelenergy.com portal.

Frequently asked questions

What percent did Xcel Energy Minnesota get approved?

3.4%. 2026 revenue increase across all customers. Also approved: 2.3% for 2025. Requested 9.6% and 3.6%. The release does not state the 2026 step date. Final rates are below interim rates, so refunds are due.

Where does the Xcel Energy Minnesota figure come from?

Each number is copied from the linked source. PriceLetter does not calculate a percent from a dollar change.