Oklahoma Energy Data
Oklahoma Utility Rate Tracker
Rates jumped fast. They stayed high. And OG&E and PSO still have more ways to push bills up from here.
Current Rates
Oklahoma at a Glance
One-year price shock
June 2021 to June 2022, all-sector EIA data
Residential increase since 2020
10.12¢ to 13.12¢ annual average
OG&E + PSO Uri bonds
$2.89B statewide across four utility securitizations
PSO filing impact
Per month if the Jan. 2026 filing is approved
Sources: EIA annual Oklahoma profile, EIA Electric Power Monthly (Aug. 2021), EIA Electric Power Monthly (Aug. 2022), OCC securitization reports, PSO rate filing page
Here is the part that matters. Rates already proved they can jump hard. And even after that spike, Oklahoma's residential baseline never went back to where it was in 2020.
The Trend
Oklahoma Residential Rates: 1990 to 2025
Data: U.S. Energy Information Administration. Oklahoma statewide residential annual average price, cents per kWh.
Year by Year
Rates jumped. Then they stayed high.
The annual trend tells you where rates settled. The 2021 to 2022 shock tells you why so many people felt blindsided.
On the residential annual average, Oklahoma went up 8.8%, then 12.3%, dipped in 2023, and climbed again in 2024 and 2025. That is the cleaner long-view chart.
But the shock people remember was faster than that. In the separate all-sector monthly EIA series, Oklahoma went from the cheapest state in June 2021 to the 18th cheapest in June 2022. That is the 49% spike people were talking about.
OG&E
Why OG&E bills hit so hard
This is what the statewide graph hides. OG&E customers did not get hit by one clean percentage. They got hit by charge after charge landing on the same bill.
Between March 2022 and January 2023, OG&E piled on five separate rate increases totaling $28.71 a month. That same year, OG&E posted record profits of $439.5 million.
March 2022: Fuel Cost Adjustment
+$8.11/month. Interim fuel factor adjustment passed through to customers.
July 2022: Base Rate Increase (1.9%)
+$2.07/month. OG&E requested $163.5M, OCC approved $30M settlement (3-0 vote).
August 2022: Winter Storm Uri Bonds
+$3.34/month for 28 years. $761.6M in securitized storm costs. Originally estimated at $2.12/month but rose due to interest rate increases.
October 2022: Fuel Charge (7.4%)
+$9.73/month for 24 months. OG&E implemented this unilaterally while an OCC investigation was pending. AARP intervened.
January 2023: Fuel Charge (4.8%)
+$5.46/month for 21 months. To collect fuel costs incurred through December 2022.
The Record
Selected Major Rate Cases and Settlements
OG&E (Oklahoma Gas & Electric)
Serves ~900,000 customers in central and western Oklahoma. This table focuses on the cleanest high-confidence cases for explaining bill pressure, not every rider or merger-era filing.
| Year | Requested | Approved | Type | Monthly Impact |
|---|---|---|---|---|
| 2002 | OCC-initiated | -$25.0M | Decrease | Reduced bills |
| 2005 | $89M | $42.3M | Increase | ~$3-5/mo |
| 2009 | $110M | ~$48M | Increase | ~-$0.63/mo |
| 2012 | $73.3M | $4.3M | Increase | Minimal |
| 2017 | $92.5M | $8.9M | Increase | ~$0.71/mo |
| 2018 | OCC/AG-initiated | -$64M | Decrease | ~-$4.40/mo + one-time credit |
| 2022 | $163.5M | $30M | Increase | ~$2.07/mo |
| 2024 | $332.5M | $126.6M | Increase | ~$9.58/mo (6.6%) |
PSO (Public Service Company of Oklahoma)
Serves ~580,000 customers in eastern Oklahoma. These rows focus on the strongest modern cases that materially affected or could affect residential bills.
| Year | Requested | Approved | Type | Monthly Impact |
|---|---|---|---|---|
| 2019 | $88M | $46M | Increase | ~$2.38/mo |
| 2021 | $172M | $50.7M | Increase | ~$5.07/mo |
| 2023 | $294.5M | $131.2M | Increase | ~$5.35/mo |
| 2025 | $218M initial filing | $119.5M | Increase | ~$12/mo interim rate |
| 2026 | Filed Jan. 2, 2026 | Pending | Pending | ~$25/mo if approved |
The Hidden Cost
Winter Storm Uri: The Charge That Never Really Went Away
The 2021 storm did not show up as one giant bill and disappear. It got converted into long-term bond charges, which means OG&E and PSO customers are still paying for that event every month.
During two weeks in February 2021, natural gas spot prices spiked from ~$3 to over $1,200 per unit. Oklahoma utilities incurred billions in emergency fuel costs. Without securitization, PSO estimated a one-time charge of $476 for the average residential customer.
For this page's electric-utility scope, OG&E and PSO together securitized about $1.46 billion. Statewide across four Oklahoma utility securitizations, the total principal is about $2.89 billion.
| Utility | Monthly charge | Bond term | How it shows up |
|---|---|---|---|
| OG&E | ~$3.34/month | 28 years | Winter Event Securitization (WES) |
| PSO | ~$4.06/month | 20 years | Winter Storm Cost Recovery Rider |
State legislators have filed multiple Supreme Court appeals over storm bonds, fuel charges, and later rate orders. Those challenges span statewide totals well beyond just the OG&E and PSO amounts shown in the table above.
The Projection
What Waiting Costs Over 25 Years
This is where waiting gets expensive. Start at roughly $144 a month. Let rates climb 5% a year. The number gets ugly faster than most people think.
Cumulative electricity cost
2025-2050 at 5% annual growth
Monthly bill by 2040
1,100 kWh at projected rate
Monthly bill by 2050
1,100 kWh at projected rate
Projection assumes 5% annual rate growth (conservative vs the actual 5.3% CAGR from 2020-2025) and 1,100 kWh monthly consumption. Oklahoma-specific disclaimer: actual rates depend on OCC rulings, fuel costs, and legislative action.
Data center construction is a major driver of future rate increases. See every data center project in Oklahoma.
The Comparison
What Oklahomans Actually Pay
This is what the spreadsheet turns into in real life. Big utility bills without solar. Tiny cleanup bills with it.
Without Solar
"$480 past two months. Last year $250 in same conditions."
"Highest bill in '20-21: $300. This year: $400. Using less energy."
"August 2018: $170. This August: $345. Same house."
With Solar
"Last month was $23.96. Thanks to the sun." — u/guyssocialweb
"$15. 100% electric house with solar panels." — u/avsnbroncosfan
"We went solar. Electric bill is $13. We are generating equity, not throwing money into a giant OG&E pit." — r/oklahoma
All quotes from real Oklahoma residents on Reddit. Individual results vary by system size and usage.
"It shouldn't be a choice to pay my PSO bill or eat."
Jearl from Allen, OK. AARP Oklahoma testimony
"My utilities are presently 37% of my Social Security check."
Terry from Miami, OK. AARP Oklahoma testimony
Sources
Core rate data and case figures come from public records, utility filings, and EIA datasets. Resident bill examples and testimony are cited separately so the statewide trend, the one-year shock, and the utility bill stack stay clearly labeled. Last updated April 2026.
- EIA Oklahoma Electricity Profile 2024
- EIA Electric Power Monthly: June 2021 all-sector state prices (Aug 2021 issue)
- EIA Electric Power Monthly: June 2022 all-sector state prices (Aug 2022 issue)
- KFOR: OG&E five rate hikes in a year (Jan 2023)
- OCC: OG&E rate case settlement (2022)
- OCC: PSO rate case action (2023)
- OCC: OG&E interim rates affirmed (2025)
- OCC securitization reports
- PSO 2024 rate review page
- PSO 2026 filing page
- AARP Oklahoma: resident testimony and bill pressure
Common Questions