You may see your electric bill change in the future. Xcel Energy is considering raising the rates at peak times.

Xcel Energy is proposing new time of use rates, that if approved, could take effect as early at May 2025.

The company swapped its plan for default "time of use" electric rates with higher peak prices for a voluntary program with a smaller gap between its cheapest and most expensive hours.

Time-of-use rates are a smart policy, made possible by so-called smart meters. Glenwood Springs Electric and Holy Cross Energy customers have had smart meters for a while, and most Xcel customers in ...

Xcel Energy is proposing rate increases of almost 10% for Minnesota customers this year. On Nov. 1, Minnesota's biggest electricity provider submitted a proposal for new rates to the Minnesota ...

The utility company wants to change the time of day when your energy use is the most expensive.

ST PAUL, Minn. — The Minnesota Public Utilities Commission (PUC) approved a new permanent rate increase of 7.5% for Xcel Energy gas customers on Thursday.

Xcel Energy is proposing a new rate plan that would charge customers a higher rate for electricity they use during peak hours and less at night.

After backlash from state agencies and customers, Xcel Energy withdrew its request to raise rates in 2023, but that doesn't mean they won't rise in the future.

The company says a rate hike would help ensure a reliable, climate-friendly natural gas system. Regulators, environmentalists and customers were skeptical at a public hearing.

Xcel Energy has said they don't make a profit on gas, so where does the money come from? The answer is the rate of return on investments, like infrastructure.