Oklahoma Energy Data
See how utility rates, kilowatt-hour pricing, OG&E and PSO filings, and rising power costs shape the solar payback math for Oklahoma homes.
Current Rates
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 electricity price and bill tables, OCC securitization reports, PSO rate filing page
If you are trying to benchmark the average electric bill in Oklahoma, start with two things: the average electricity rate in cents per kilowatt hour and the way OG&E or PSO layers fuel, storm, and base-rate charges on top of household usage.
Here is the part that matters. Rates already proved they can jump hard. And even after that spike, Oklahoma's average residential electric baseline never went back to where it was in 2020. Smart thermostats and efficiency help, but the utility rate itself still does the heavy lifting on your monthly bill.
Average bill benchmark
For SEO and homeowner research, the useful benchmark is not one bill number. It is monthly kWh usage multiplied by the current Oklahoma electric rate, then adjusted for fixed charges, fuel riders, storm bonds, and utility-specific filings.
OG&E rate search
When people ask for OG&E cost per kWh, they are usually trying to explain why the full bill moved. Energy charges matter, but the bill stack can also include fuel adjustments, securitization charges, base-rate changes, and fixed monthly fees.
PSO / OG&E filings
For OG&E and PSO customers, rate-case timing matters because approved infrastructure, fuel, and storm-recovery costs can show up as recurring monthly charges long after the original event or project.
The Trend
Data: U.S. Energy Information Administration. Oklahoma statewide residential annual average price, cents per kWh.
Year by Year
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
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 customers saw fuel, rate-case, and securitization charges stack onto the same bill in quick succession. That same year, OG&E reported $439.5 million in net income.
+$8.11/month. Interim fuel factor adjustment passed through to customers.
+$2.07/month. OG&E requested $163.5M, OCC approved $30M settlement (3-0 vote).
+$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.
+$9.73/month for 24 months. OG&E implemented this unilaterally while an OCC investigation was pending. AARP intervened.
+$5.46/month for 21 months. To collect fuel costs incurred through December 2022.
$28.71 per month added in less than a year.
That stack combined fuel adjustments, a base-rate increase, and securitized storm charges into one fast-moving run of bill pressure.
Source: AARP Oklahoma, News9
The Record
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%) |
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
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
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.
Next Step
This utility-rate research answers why the bill changed. The next question is what your house can do about it, whether you want a scoped solar installation page first or a faster quote path built around your current bill.
Start with the installation scope
If you want the service path first, review how panel sizing, utility interconnection, hail exposure, and battery-readiness affect the real scope before you ask for pricing.
Review the solar installation pathGo straight to a quote path
If you already know your address, average electric bill, and utility provider, use the instant proposal flow to turn rate pressure into a first-pass solar quote and savings snapshot.
Open the instant solar proposalCompare financing assumptions
If utility-rate pressure is pushing you toward solar, compare cash price, loan fees, interest rate, batteries, panel upgrades and export-credit assumptions before you compare payment quotes.
Compare Oklahoma solar financingThe Comparison
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."
"$15. 100% electric house with solar panels."
"We went solar. Electric bill is $13. We are generating equity, not throwing money into a giant OG&E pit."
Example bill snapshots are paired with utility-rate research for context. Individual results vary by system size, usage, and rate plan.
"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
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.
Common Questions
Read next: why rising utility bills change solar savings · how OG&E and PSO net billing affects system design
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