Independent rate reference - not affiliated with any utility or energy supplier. Data: EIA Electric Power Monthly, May 2026.Full disclaimer
ElectricityRatePerKWh

Electricity Rate in Oklahoma (2026): 13.38c/kWh Average

The EIA residential electricity price in Oklahoma is 13.38 cents per kWh as of May 2026, 5.06c below the US average of 18.44c/kWh. The Oklahoma commercial rate is 8.10c/kWh and the industrial rate is 6.17c/kWh (EIA Electric Power Monthly, Table 5.6.A).

Residential Rate
13.38¢
per kWh
vs US Avg
-27%
5.06c below
Avg Monthly Bill
$140
1066 kWh
Provider Choice
No
Regulated monopoly

Oklahoma Electricity Rate: What You Need to Know

Oklahoma electricity averages 13.38 cents per kWh for residential customers as of May 2026, according to the EIA Electric Power Monthly. This is 5.06c below the US average of 18.44c/kWh. The average monthly bill for Oklahoma households is $140 based on typical usage of 1066 kWh.

Oklahoma has some of the cheapest electricity in the country - 13.38c/kWh (May 2026), well below the US average of 18.44c - thanks largely to abundant wind and natural gas. Two investor-owned utilities serve most of the state: Oklahoma Gas and Electric (OG&E), serving the Oklahoma City area, and Public Service Company of Oklahoma (PSO), an AEP subsidiary serving Tulsa and the northeast, both regulated by the Oklahoma Corporation Commission. Oklahoma is a regulated market with no residential retail choice. Wind generated about 41% of the state's electricity in 2024, third-most of any state, with natural gas the largest single source and coal down around 10% - a wind-and-gas mix with low fuel cost that holds rates down. Rates are rising, though: OG&E's $127 million increase took effect in mid-2024, and PSO filed in 2026 for roughly a $600 million (about 15%) increase - around $25 a month for the typical residential customer - which the Corporation Commission was reviewing through mid-2026. One lingering line item: roughly $1.4 billion in securitization bonds that OG&E and PSO are still collecting from customers to pay off the extraordinary fuel costs of the February 2021 Winter Storm Uri, a recovery that has been challenged at the Oklahoma Supreme Court. Incoming data-center load is the main forward-looking concern in the PSO case.

Generation mix: Natural gas 45%, wind 41%, coal 10%, solar and hydro 4%. The fuel mix is a primary driver of electricity rates - states with abundant hydro or nuclear tend to have lower rates, while states dependent on imported petroleum (Hawaii) or natural gas pay more.

Year-over-year change: Oklahoma rates rose 3.4% year-over-year as of May 2026. This compares to the US average increase of 6.2% over the same period.

Regulated: You Cannot Switch Electricity Suppliers

OGE Energy / PSO (AEP) operates as the regulated utility in Oklahoma. Retail electricity choice is not available for residential customers. Options for reducing your bill include: time-of-use rate optimization, energy efficiency upgrades, and rooftop solar.

Your Oklahoma Electricity Bill Components

Energy charge (1066 kWh x 13.38c)$142.63
Fixed customer charge (estimated)~$10.00
Estimated monthly total$152.63
Oklahoma Rate by Sector - May 2026
Residential (US 18.44c)13.38c
Commercial (US 13.54c)8.10c
Industrial (US 8.71c)6.17c
Source: EIA Electric Power Monthly, Table 5.6.A.
Dominant Utility
OGE Energy / PSO (AEP)
Adjacent States
Texas16.44c
Kansas15.13c
Arkansas14.36c
Colorado16.16c
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Oklahoma Electricity: Frequently Asked Questions

What is the electricity rate in Oklahoma in 2026?+
The average residential electricity rate in Oklahoma is 13.38 cents per kWh as of May 2026, according to the EIA Electric Power Monthly. This is 5.06c below the US average of 18.44c/kWh (-27%). The average monthly electricity bill in Oklahoma is approximately $140 based on 1066 kWh typical monthly usage.
What is the commercial electricity rate in Oklahoma?+
The average commercial electricity rate in Oklahoma is 8.10 cents per kWh as of May 2026, according to the EIA Electric Power Monthly (Table 5.6.A). That compares with the US commercial average of 13.54c/kWh. Commercial rates apply to businesses, offices, schools, and retail. They are usually lower per kWh than residential rates, but a commercial bill can still be much larger because of higher volume and demand charges.
What is the industrial electricity rate in Oklahoma?+
The average industrial electricity rate in Oklahoma is 6.17 cents per kWh as of May 2026, according to the EIA Electric Power Monthly (Table 5.6.A), versus a US industrial average of 8.71c/kWh. Industrial customers such as factories, manufacturers, and large facilities pay the lowest per-kWh price of the three EIA sectors because they buy power at high volume, often at higher voltage, under demand-based rate structures.
Can I switch electricity providers in Oklahoma?+
No - Oklahoma operates a regulated electricity market. OGE Energy / PSO (AEP) serves as the regulated monopoly utility. Customers cannot switch electricity generation suppliers. Options for reducing bills include time-of-use rate optimization (where available), energy efficiency upgrades, and solar installation.
What is the average monthly electricity bill in Oklahoma?+
The average Oklahoma household uses approximately 1066 kWh per month. At 13.38c/kWh plus approximately $10 in fixed charges, the average monthly bill is $140. This varies by season (higher in summer for cooling-dominant states like Oklahoma, higher in winter for heating-dominant states).
What is the primary electricity source in Oklahoma?+
Oklahoma's generation mix is primarily Natural gas 45%, wind 41%, coal 10%, solar and hydro 4%. This fuel mix is a key factor in the state's electricity rate - states relying on hydro or nuclear typically have lower rates, while states heavily dependent on natural gas or petroleum (like Hawaii) face higher costs.
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