Xcel Energy Texas electric rates

Updated October 7, 2026 · Source: EIA Form 861 (2024)

Investor-owned utility serving 222,146 homes in Texas.

Your rate

13.35¢per kWh, average residential rate 19% lower than the U.S. average (16.4¢)

$128average monthly bill$1,534 a year

957kWh used per month, average home

+33%rate change since 2020U.S. average: +28%

Texas is a retail-choice state: this utility's rate case sets the delivery part of your bill. The supply part comes from your chosen supplier or the default service rate.

Estimate your bill

Electricity you use each month (kWh)

It's on your bill, usually near the top. Starting at 957 kWh, the average for Xcel Energy Texas homes.

kWh

$128 a month

$12 fixed charge + 12.1¢ × 957 kWh

This is an estimate. Uses the EIA average rate with a nominal $12 fixed charge; real tariffs have tiers, time-of-use pricing and riders. Your bill also includes taxes and fuel adjustments that change month to month.

Rate cases

No rate case on file for Xcel Energy Texas right now. We check regulator dockets weekly; last check October 7, 2026. Know of one?

Rate history

Xcel Energy Texas's average rate is up 33% since 2020, versus +28% for the U.S. average.

Average residential revenue per kWh, EIA-861. Includes delivery and, where the utility sells it, supply.

Rebates for heat pumps, batteries and EV chargers

We haven't found utility-level rebates for Xcel Energy Texas yet. Check Texas programs or read what's left after the federal credits ended.

About Xcel Energy Texas

Legal name: Southwestern Public Service Co (Xcel Energy)
Ownership: Investor Owned
Homes served: 222,146 residential customers (2024)
Grid operator: SWPP
Retail choice: Yes — you can pick a supplier for the energy portion
Data: EIA-861 2024, released October 7, 2026; rate cases checked October 7, 2026

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