ST. PAUL, Minn. (FOX 9) - Minnesota’s largest energy supplier, Xcel Energy, has proposed new electricity rate increases of nearly 10% for customers that would begin in 2025 and 2026. The public can now weigh in on the proposals, with a public hearing scheduled on Sept. 15.

Xcel Energy electricity rate increases

By the numbers:

Xcel Energy is asking the Minnesota Public Utilities Commission to approve a two-year rate plan to increase rates, with the requested increase costing the average residential customer around $9.89 per monthly bill in 2025.

Xcel Energy's two-year proposal, which it submitted last year, calls for a $353.3 million increase or 9.6% for 2025. Then, for 2026, Xcel is asking for an additional $137.5 million, or 3.6%. That's about $3.90 extra per monthly bill for the

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