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 |
Effective Date |
$/kWh |
|---|---|---|
| Transmission Cost Recovery | Jan. 1, 2025 | |
| Residential | $0.004442 | |
| Commercial (non-demand) | $0.003009 | |
| Demand Billed | $0.323/kW | |
| Critical Peak Price | $0.000848 | |
| Conservation Improvement Program Adj. | Dec. 1, 2024 | $0.000389 |
| Renewable Development Fund Rider |
Jan. 1, 2024 |
$0.001385 |
| State Energy Policy | Jan. 1, 2025 | $0.000000 |
| Renewable Energy Standard Cost Recovery | Jan. 1, 2025 | 2.41% |
| Mercury Cost Recovery | Jan. 1, 2011 | - |
The Minnesota Public Utilities Commission approves monthly fuel rates for calendar year, shown in the Commission-Approved Rates column below. For some months, there may be a true-up factor applied to adjust for prior period over- or under-collection. For those months, the Fuel Cost Charge column has been adjusted to account for the amount listed in the True-Up Factor column. The amounts shown in the Fuel Cost Charge column will be shown on a separate line on your monthly bill.
(Tables last updated 12/01/2024)
Month |
Commission-Approved Rate ($/kWh) |
2024 Mid-Year Adj. |
Fuel Cost Charge ($/kWh) |
| January | $0.03269 | ($0.00652) | $0.02617 |
| February | $0.03573 | ($0.00754) | $0.02819 |
| March | $0.03611 | ($0.00692) | $0.02919 |
| April | $0.03871 | $0.03871 | |
| May | $0.03614 | $0.03614 | |
| June | $0.03707 | $0.03707 | |
| July | $0.03524 | $0.03524 | |
| August | $0.03393 | $0.03393 | |
| September | $0.03244 | $0.03244 | |
| October | $0.03080 | $0.03080 | |
| November | $0.02847 | $0.02847 | |
| December | $0.02950 | $0.02950 |
Month |
Commission-Approved Rate ($/kWh) |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.03267 | ($0.00652) | $0.02615 |
| February | $0.03570 | ($0.00753) | $0.02817 |
| March | $0.03608 | ($0.00692) | $0.02916 |
| April | $0.03867 | $0.03867 | |
| May | $0.03611 | $0.03611 | |
| June | $0.03704 | $0.03704 | |
| July | $0.03520 | $0.03520 | |
| August | $0.03390 | $0.03390 | |
| September | $0.03241 | $0.03241 | |
| October | $0.03077 | $0.03077 | |
| November | $0.02844 | $0.02844 | |
| December |
$0.02947 |
$0.02947 |
Month |
Commission-Approved Rate ($/kWh) |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.03218 | ($0.00642) | $0.02576 |
| February | $0.03517 | ($0.00743) | $0.02774 |
| March | $0.03554 | ($0.00681) | $0.02873 |
| April | $0.03809 | $0.03809 | |
| May | $0.03557 | $0.03557 | |
| June | $0.03648 | $0.03648 | |
| July | $0.03467 | $0.03467 | |
| August | $0.03339 | $0.03339 | |
| September | $0.03193 | $0.03193 | |
| October | $0.03031 | $0.03031 | |
| November | $0.02801 | $0.02801 | |
| December | $0.02903 | $0.02903 |
Month |
Commission-Approved Rate ($/kWh) |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.04087 | ($0.00815) | $0.03272 |
| February | $0.04468 | ($0.00943) | $0.03525 |
| March | $0.04516 | ($0.00865) | $0.03651 |
| April | $0.04841 | $0.04841 | |
| May | $0.04519 | $0.04519 | |
| June | $0.04637 | $0.04637 | |
| July | $0.04408 | $0.04408 | |
| August | $0.04245 | $0.04245 | |
| September | $0.04058 | $0.04058 | |
| October | $0.03852 | $0.03852 | |
| November | $0.03560 | $0.03560 | |
| December | $0.03689 | $0.03689 |
Month |
Commission-Approved Rate ($/kWh) |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.02568 | ($0.00512) | $0.02056 |
| February | $0.02806 | ($0.00593) | $0.02213 |
| March | $0.02835 | ($0.00544) | $0.02291 |
| April | $0.03039 | $0.03039 | |
| May | $0.02838 | $0.02838 | |
| June | $0.02909 | $0.02909 | |
| July | $0.02764 | $0.02764 | |
| August | $0.02662 | $0.02662 | |
| September | $0.02546 | $0.02546 | |
| October | $0.02418 | $0.02418 | |
| November | $0.02234 | $0.02234 | |
| December | $0.02315 | $0.02315 |
Month |
Commission-Approved Rate ($/kWh) |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.02459 | ($0.00491) | $0.01968 |
| February | $0.02686 | ($0.00567) | $0.02119 |
| March | $0.02713 | ($0.00520) | $0.02193 |
| April | $0.02909 | $0.02909 | |
| May | $0.02717 | $0.02717 | |
| June | $0.02785 | $0.02785 | |
| July | $0.02646 | $0.02646 | |
| August | $0.02548 | $0.02548 | |
| September | $0.02437 | $0.02437 | |
| October | $0.02315 | $0.02315 | |
| November | $0.02139 | $0.02139 | |
| December | $0.02216 | $0.02216 |
Month |
Peak |
Base |
Off-Peak |
| January | $0.03396 | $0.02738 | $0.01348 |
| February | $0.03659 | $0.02950 | $0.01450 |
| March | $0.03789 | $0.03055 | $0.01500 |
| April | $0.05024 | $0.04051 | $0.01990 |
| May | $0.04690 | $0.03782 | $0.01859 |
| June | $0.04813 |
$0.03879 |
$0.01904 |
| July | $0.04576 | $0.03687 | $0.01807 |
| August | $0.04406 | $0.03551 | $0.01741 |
| September | $0.04212 | $0.03395 | $0.01666 |
| October | $0.03998 | $0.03223 | $0.01583 |
| November | $0.03695 | $0.02979 | $0.01463 |
| December | $0.03829 | $0.03087 | $0.01516 |
The Minnesota Public Utilities Commission approves monthly fuel rates for calendar year, shown in the Commission-Approved Rates column below. For some months, there may be a true-up factor applied to adjust for prior period over- or under-collection. For those months, the Fuel Cost Charge column has been adjusted to account for the amount listed in the True-Up Factor column. The amounts shown in the Fuel Cost Charge column will be shown on a separate line on your monthly bill.
(Tables last updated 11/01/2024)
Month |
Commission-Approved Rate ($/kWh) |
True-up Factor ($/kWh) |
2023 Refund |
2024 Mid-Year Adj. |
Fuel Cost Charge ($/kWh) |
| January | $0.03308 | ($0.00220) | $0.03088 | ||
| February | $0.03624 | ($0.00247) | $0.03377 | ||
| March | $0.038922 | ($0.00233) | $0.03659 | ||
| April | $0.04222 | ($0.00267) | ($0.00392) | $0.03563 | |
| May | $0.04485 | ($0.00247) | ($0.00362) | $0.03876 | |
| June | $0.04185 |
($0.00216) |
($0.00316) | $0.03653 | |
| July | $0.04244 | ($0.00185) | ($0.00272) | $0.03787 | |
| August | $0.04143 | ($0.00194) | ($0.00284) | $0.03665 | |
| September | $0.03947 | ($0.00570) | $0.03377 | ||
| October | $0.03813 | ($0.00605) | $0.03208 | ||
| November | $0.03455 | ($0.00612) | ($0.00745) | $0.02098 | |
| December | $0.03225 | ($0.00559) | ($0.00681) | $0.01985 |
Month |
Commission-Approved Rate ($/kWh) |
True-up Factor ($/kWh) |
2023 Refund |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.03305 | ($0.00220) | $0.03085 | ||
| February | $0.03621 | ($0.00247) | $0.03374 | ||
| March | $0.03889 | ($0.00233) | $0.03656 | ||
| April | $0.04219 | ($0.00267)
|
($0.00392) | $0.03560 | |
| May | $0.04481 | ($0.00247) | ($0.00361) | $0.03873 | |
| June | $0.04181 | ($0.00216) | ($0.00316) | $0.03649 | |
| July | $0.04240 | ($0.00185) | ($0.00272) | $0.03783 | |
| August | $0.04139 | ($0.00193) | ($0.00284) | $0.03662 | |
| September | $0.03944 | ($0.00569) | $0.03375 | ||
| October | $0.03809 | ($0.00605) | $0.03204 | ||
| November | $0.03452 | ($0.00611) | ($0.00744) | $0.02097 | |
| December |
$0.03222 |
($0.00558) | ($0.00680) | $0.01984 |
Month |
Commission-Approved Rate ($/kWh) |
True-up Factor ($/kWh) |
2023 Refund |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.03256 | ($0.00217) | $0.03039 | ||
| February | $0.03567 | ($0.00244) | $0.03323 | ||
| March | $0.03830 | ($0.00229) | $0.03601 | ||
| April | $0.04155 | ($0.00262) | ($0.00386) | $0.03507 | |
| May | $0.04414 | ($0.00244) | ($0.00356) | $0.03814 | |
| June | $0.04118 | ($0.00212) | ($0.00311) | $0.03595 | |
| July | $0.04177 | ($0.00183) | ($0.00268) | $0.03726 | |
| August | $0.04077 | ($0.00190) | ($0.00280) | $0.03607 | |
| September | $0.03885 | ($0.00561) | $0.03324 | ||
| October | $0.03752 | ($0.00596) | $0.03156 | ||
| November | $0.03400 | ($0.00602) | ($0.00733) | $0.02065 | |
| December | $0.03173 | ($0.00550) | ($0.00670) | $0.01953 |
Month |
Commission-Approved Rate ($/kWh) |
True-up Factor ($/kWh) |
2023 Refund |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.04135 | ($0.00275) | $0.03860 | ||
| February | $0.04531 | ($0.00310) | $0.04221 | ||
| March | $0.04867 | ($0.00292) | $0.04575 | ||
| April | $0.05279 | ($0.00334) | ($0.00491) | $0.04454 | |
| May | $0.05608 | ($0.00310) | ($0.00452) | $0.04846 | |
| June | $0.05232 | ($0.00270) | ($0.00395) | $0.04567 | |
| July | $0.05309 | ($0.00232) | ($0.00340) | $0.04737 | |
| August | $0.05182 | ($0.00242) | ($0.00356) | $0.04584 | |
| September | $0.04937 | ($0.00713) | $0.04224 | ||
| October | $0.04768 | ($0.00757) | $0.04011 | ||
| November | $0.04320 | ($0.00765) | ($0.00931) | $0.02624 | |
| December | $0.04032 | ($0.00698) | ($0.00851) | $0.02483 |
Month |
Commission-Approved Rate ($/kWh) |
True-up Factor ($/kWh) |
2023 Refund |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.02599 | ($0.00173) | $0.02426 | ||
| February | $0.02846 | ($0.00194) | $0.02652 | ||
| March | $0.03056 | ($0.00183) | $0.02873 | ||
| April | $0.03316 | ($0.00210) | ($0.00308) | $0.02798 | |
| May | $0.03523 | ($0.00195) | ($0.00284) | $0.03044 | |
| June | $0.03286 | ($0.00170) | ($0.00248) | $0.02868 | |
| July | $0.03330 | ($0.00145) | ($0.00214) | $0.02971 | |
| August | $0.03252 | ($0.00152) | ($0.00223) | $0.02877 | |
| September | $0.03099 | ($0.00447) | $0.02652 | ||
| October | $0.02993 | ($0.00475) | $0.02518 | ||
| November | $0.02713 | ($0.00480) | ($0.00585) | $0.01648 | |
| December | $0.02532 | ($0.00438) | ($0.00535) | $0.01559 |
Month |
Commission-Approved Rate ($/kWh) |
True-up Factor ($/kWh) |
2023 Refund |
2024 Mid-Year Adj |
Fuel Cost Charge ($/kWh) |
| January | $0.02488 | ($0.00165) | $0.02323 | ||
| February | $0.02725 | ($0.00186) | $0.02539 | ||
| March | $0.02926 | ($0.00176) | $0.02750 | ||
| April | $0.03174 | ($0.00200) | ($0.00295) | $0.02679 | |
| May | $0.03372 | ($0.00186) | ($0.00272) | $0.02914 | |
| June | $0.03146 | ($0.00163) | ($0.00237) | $0.02746 | |
| July | $0.03188 | ($0.00140) | ($0.00204) | $0.02844 | |
| August | $0.03113 | ($0.00146) | ($0.00214) | $0.02753 | |
| September | $0.02966 | ($0.00428) | $0.02538 | ||
| October | $0.02865 | ($0.00455) | $0.02410 | ||
| November | $0.02597 | ($0.00460) | ($0.00560) | $0.01577 | |
| December | $0.02424 | ($0.00420) | ($0.00512) | $0.01492 |
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 | $0.04624 | $0.03728 | $0.01834 |
| May | $0.05029 | $0.04055 | $0.01996 |
| June | $0.04740 |
$0.03822 |
$0.01880 |
| July | $0.04917 | $0.03962 | $0.01943 |
| August | $0.04759 | $0.03835 | $0.01883 |
| September | $0.04384 | $0.03535 | $0.01736 |
| October | $0.04163 | $0.03356 | $0.01649 |
| November | $0.02723 | $0.02196 | $0.01080 |
| December | $0.02577 | $0.02078 | $0.01022 |
Gas Utility Infrastructure Rider (GUIC) (PDF)
Gas Riders |
Effective Date |
Per Therm |
|---|---|---|
| Gas Utility Infrastructure Rider (GUIC) | March 1, 2024 | |
| Residential | $0.040548 | |
| Commercial Firm | $0.025059 | |
| Commercial Demand Billed | $0.005090 | |
| Interruptible | $0.009463 | |
| State Energy Policy | Jan. 1, 2022 | $0.000000 |
| Conservation Improvement Program Adj. | Dec. 1, 2024 | $0.030554 |
| Revenue Decoupling Mechanism Rider (RDM) | May 2, 2024 | |
| Residential | $0.017392 | |
| Small Commercial | $0.015494 | |
| Large Commercial | $0.007232 | |
| Large Demand Billed | $0.003282 | |
| Small Interruptible | $0.006290 | |
| Medium Interruptible | ($0.000352) |
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.
| Current Values for Base Cost of Gas (by class) |
Effective December 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 Valuesfor PGA
(by class) |
December 2024 |
January 2025 |
| Residential | ($0.046717) | $0.066387 |
| Commercial Firm | ($0.050199) | $0.066189 |
| Demand Billed – Demand | ($0.049930) | ($0.051840) |
| Demand Billed – Commodity | $0.060871 | $0.080281 |
| Small Interruptible | $0.228293 | $0.247703 |
| Medium Interruptible | $0.118054 | $0.137464 |
| Large Interruptible | $0.122095 | $0.141505 |
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 2024 - |
| Residential | $0.03377 |
| Commercial Firm | $0.03708 |
| Demand Billed – Demand | ($0.00129) |
| Demand Billed – Commodity | $0.03568 |
| Small Interruptible | $0.21285 |
| Medium Interruptible | $0.09240 |
| Large Interruptible | $0.09240 |
Natural gas, like other commodities, is based on supply and demand.
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.
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 Type | Effective Date | Surcharge |
|---|---|---|
| Electric | ||
| Residential | Apr. 1, 2024 | $2.12/month |
| C&I Non-demand | Apr. 1, 2024 | $2.12/month |
| C&I Demand | Apr. 1, 2024 | $9.20/month |
| Gas | Jun. 1, 2017 | $0.00445/therm |
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