ForgeAsset / Utilities / Xcel Energy (Minnesota)

Xcel Energy (Minnesota) EV Charging A90 — EV fast-charging electricity cost

Xcel Energy MN EV Charging A90 is the filed rate schedule ForgeAsset models for DC fast-charging sites in Xcel Energy territory in Minnesota. Energy prices at 18.5¢/kWh–23.3¢/kWh by time of day; the demand side bills $3.92/kW of monthly peak. For one reference Supercharger site held constant across the whole library, that works out to 30.6¢/kWh per dispensed kWh — rank 40 of 86 filed tariffs (1 = least expensive).

Modeled rates

Xcel's filed Minnesota public-charging pilot rate for the Twin Cities: the schedule caps on-peak billing demand at monthly energy divided by 100 hours, and at fast-charging utilization the cap always binds — the window demand charge converts into the energy rate, leaving a small off-peak residual as the only separate demand line. Figures fold the current fuel and rider tables, the interim rate surcharge from the pending rate case, and Minnesota's 6.875% electricity sales tax. A rate-case order is due within weeks and the library re-derives at the compliance filing. Where utilization exceeded the cap's envelope the folded rate overstates rather than understates. Minnesota's 5¢/kWh charging excise, effective mid-2027, is carried separately in the state tax profile.

Source: Xcel Energy (Minnesota) filed rate schedule. Rates are digit-verified against the utility's own filed sheets and update within two weeks of any revision; derivations are on the methodology page.

What the reference site pays here

Reference site: 8 Tesla V4 stalls at 235 kWh/stall/day (57,183 kWh dispensed per month), a 150kW per-stall demand assumption, the model's default time-of-use mix, and a 12% loss gross-up — identical to the full utility ranking, where this tariff sits at position 40 of 86.

The rest of the Minnesota picture

The tariff is one layer. State taxes, incentives, clean-fuels programs, and the charging market shape the remainder — Tesla Supercharger ROI in Minnesota covers them, and the US Supercharger Economics Map shows every US Supercharger over utility territories colored by this same effective-cost derivation.

Xcel Energy (Minnesota) EV Charging A90 — questions

What does Xcel Energy (Minnesota) charge for energy on EV Charging A90?

The modeled rates are 18.5¢/kWh–23.3¢/kWh by time of day. At the model's default time-of-use mix (30% peak, 45% off-peak, 25% super-off-peak) that blends to 20.0¢/kWh.

Does EV Charging A90 carry a demand charge?

Yes: $3.92/kW of monthly peak. For a reference 8-stall site at 150 kW per stall that comes to about $4,701 per month.

What does electricity cost per kWh dispensed on this tariff?

For the reference site — 8 Tesla V4 stalls dispensing 235 kWh per stall per day, with a 12% loss gross-up — the all-in utility cost works out to 30.6¢/kWh per dispensed kWh, rank 40 of 86 tariffs in the library (1 = least expensive).

ForgeAsset is software, not investment, tax, or legal advice — outputs are model estimates from your inputs, not guarantees. Rates current as of research; verify current terms with the utility's filed schedule before committing capital.