Oklahoma Energy Data
Oklahoma Utility Rate Tracker
Every OG&E and PSO rate increase. Updated quarterly with OCC rulings, EIA data, and verified sources.
Current Rates
Oklahoma at a Glance
Rate increase since 2020
Highest among neighboring states
Per kWh (2025 avg)
Up from 10.1¢ in 2020
Winter Storm Uri bonds
$4.5-5B total with interest
PSO case pending
Would add ~$25/month
Sources: Oklahoma Watch, EIA, OCC
The Trend
Oklahoma Residential Rates: 1990 to 2026
Data: U.S. Energy Information Administration. All-in residential average (base rate + fuel + riders + surcharges).
Year by Year
Three Consecutive Double-Digit Increases
From 2020 to 2023, Oklahoma residential electricity rates increased 12%, 18%, and 20% in three consecutive years. In a single 12-month span (June 2021 to June 2022), all-sector prices jumped 49%, the largest increase of any state.
Oklahoma went from the cheapest electricity in the nation (June 2021) to 18th cheapest (June 2022) in a single year.
OG&E
Five Rate Hikes in 10 Months
Between March 2022 and January 2023, OG&E hit customers with five separate rate increases totaling $28.71/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
Every Rate Case Since 1996
OG&E (Oklahoma Gas & Electric)
Serves ~900,000 customers in central and western Oklahoma
| Year | Requested | Approved | Type | Monthly Impact |
|---|---|---|---|---|
| 2002 | OCC-initiated | -$25.0M | Decrease | Reduced bills |
| 2005 | $89M | $42.3M | Increase | ~$3-5/mo |
| 2009 | N/A | ~$48M | Increase | ~$6.50/mo |
| 2012 | $73.3M | $4.3M | Increase | Minimal |
| 2017 | $92.5M | $8.9M | Increase | ~$0.71/mo |
| 2018 | OCC/AG-initiated | -$64M | Decrease | -$18.71/mo |
| 2022 | $163.5M | $30M | Increase | ~$2.07/mo |
| 2024 | $332.5M | $126.6M | Increase | ~$13/mo |
PSO (Public Service Company of Oklahoma)
Serves ~580,000 customers in eastern Oklahoma. 11 rate hike requests totaling $2.3B+ since 2013.
| Year | Requested | Approved | Type | Monthly Impact |
|---|---|---|---|---|
| 1994-2006 | N/A | Rate freeze + 2 decreases | Decrease | Reduced bills |
| 2009 | $126.6M | $81.4M | Increase | ~$6.50/mo |
| 2015 | $45M | $24M | Increase | ~$3.11/mo |
| 2019 | $88M | $46M | Increase | ~$2.38/mo |
| 2021 | ~$100M | $50.7M | Increase | ~$5.07/mo |
| 2023 | $294.5M | $131.2M | Increase | ~$5.35/mo |
| 2025 | $218M | $119.5M | Increase | ~$12/mo |
| 2026 | $597M | Pending | Pending | ~$25/mo |
The Hidden Cost
Winter Storm Uri: $2.89 Billion in Bonds
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.
Instead, the Oklahoma Legislature authorized securitization bonds, spreading the costs over 20-28 years. Now every Oklahoma utility customer pays a monthly surcharge on every bill, for decades.
OG&E Customers
for 28 years ($761.6M in bonds)
Bill line item: "Winter Event Securitization (WES)"
Lifetime cost per customer: ~$1,122
PSO Customers
for 20 years ($696.9M in bonds)
Bill line item: "Winter Storm Cost Recovery Rider"
Lifetime cost per customer: ~$974
Oklahoma Supreme Court
State legislators have filed 7 separate appeals challenging $475M in rate increases, $3.2B in storm bonds, and $1.5B in fuel charges. Total challenged: $5.175 billion. Decision pending.
The Projection
What You'll Pay Over 25 Years
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.
Lock In Your Rate
While utility rates keep climbing, solar locks your energy cost at today's price. Every future increase makes your system more valuable.
Get Your Free QuoteThe Comparison
What Oklahomans Actually Pay
Real monthly bills reported by Oklahoma residents. Same state. Same grid. Different choices.
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
All data on this page comes from public records. Last updated March 2026.
- EIA Oklahoma Electricity Profile 2024
- Oklahoma Watch: 33.6% increase since 2020 (Oct 2025)
- OKC Fox: 49% all-sector increase, largest of any state (Sep 2022)
- KFOR: OG&E five rate hikes in a year (Jan 2023)
- Oklahoma Corporation Commission: Rate Cases
- Oklahoma Utility Securitization Portal
- OK House: $1.4B bonds challenged at Supreme Court (Dec 2025)
- NewsOn6: PSO 11 rate hikes, $2.3B since 2013 (Jan 2026)
- AARP Oklahoma: Historic rate increase statement (Nov 2024)
- NonDoc: OCC advances huge PSO, OG&E rate increases (Nov 2024)
- PSO Residential Tariff Schedule (Feb 2025)
- OG&E R-1 Residential Tariff (Jan 2025)
Common Questions