Oklahoma electricity rates
As of May 2026, the average residential electricity rate in Oklahoma is 13.38 cents per kilowatt-hour, 27.4% below the U.S. average of 18.44¢. That is the 49th highest rate of the 50 states and the District of Columbia.
- Year over year
- ▲ +3.4% from 12.94¢ in May 2025
- Vs. U.S. average
- -27.4% U.S. average 18.44¢
- National rank
- #49 of 51 · #3 cheapest
- Supply market
- SPP Regulated monopoly
Why Oklahoma pays what it pays
Oklahoma sits on top of both its fuels. It is a major natural gas producer, so gas reaches its power plants without long-haul transport cost, and it has one of the strongest wind resources in North America with a large installed fleet. Those two resources cover most of the state's generation between them.
The state also avoids most of the cost drivers that raise rates elsewhere. There is no renewable mandate, no early-retirement schedule, limited wildfire mitigation obligation, and a flat, inexpensive distribution geography.
The one significant recent event was the February 2021 winter storm, which produced extraordinary gas costs. Oklahoma responded by securitising them, issuing bonds to spread the cost over many years rather than putting it on one bill. That is why a very large one-time cost appears as a small, long-lived surcharge instead.
How Oklahoma compares
Oklahoma ranks #49 of 51 jurisdictions by residential price, making it the 3rd cheapest. Within the West South Central division, no state is cheaper.
| State | ¢/kWh | YoY | Rank |
|---|---|---|---|
| Oklahoma | 13.38 | +3.4% | #49 |
| Louisiana | 14.15 | +6.7% | #42 |
| Arkansas | 14.36 | +8.9% | #41 |
| Texas | 16.44 | +5.9% | #25 |
Source: U.S. Energy Information Administration, Electric Power Monthly, Table 5.6.A: Average Price of Electricity to Ultimate Customers by End-Use Sector, by State. Data period May 2026. Retrieved 2026-08-19.
What a bill looks like at this rate
The figures below apply the May 2026 Oklahoma average to four usage levels. They are arithmetic, not quotes. A real bill also carries fixed customer charges, taxes and any rider specific to your utility.
Estimate your Oklahoma bill
Multiply your own usage by the May 2026 state average. Enter the kilowatt-hours from your last statement. This is a supply-and-delivery blended average, not a utility quote.
Rate used: …. U.S. average 18.44¢/kWh, May 2026. Source: U.S. Energy Information Administration, Electric Power Monthly Table 5.6.A.
Who sells electricity in Oklahoma
Oklahoma Gas and Electric serves the Oklahoma City area and much of the centre. Public Service Company of Oklahoma, an AEP company, serves Tulsa and the northeast, and co-operatives serve most of the state's land area.
There is no residential retail choice. The Oklahoma Corporation Commission, whose three members are elected statewide, sets rates.
What you can actually do about it
Oklahoma's securitisation surcharge runs for years and is a fixed component of the bill. It cannot be avoided by reducing usage, so factor it in separately when you model savings.
Both major utilities offer variable peak pricing plans with large off-peak discounts. In a state with severe summer afternoon peaks, shifting cooling load is the main saving available.
Closest states by price
These jurisdictions charge within a fraction of a cent of Oklahoma, which is useful if you are comparing a move or a multi-state operating cost.
Oklahoma electricity rates: common questions
What is the average electricity rate in Oklahoma?
The average residential electricity rate in Oklahoma is 13.38 cents per kilowatt-hour as of May 2026, according to the U.S. Energy Information Administration. That is -27.4% relative to the national average of 18.44¢/kWh.
How much is a typical monthly electric bill in Oklahoma?
At the May 2026 average rate of 13.38¢/kWh, a household using 900 kWh a month would pay about $120, and one using 1,500 kWh about $201. Actual bills vary with usage, rate schedule, fixed customer charges and taxes.
Have electricity rates in Oklahoma gone up?
Oklahoma rates rose 3.4% over the year to May 2026, from 12.94¢ in May 2025 to 13.38¢.
Can I choose my electricity supplier in Oklahoma?
Regulated monopoly. Oklahoma households buy both supply and delivery from their local regulated utility or co-operative; there is no competitive residential supplier market.
Where does this Oklahoma rate figure come from?
It is the residential-sector average revenue per kilowatt-hour reported by utilities to the U.S. Energy Information Administration on Form EIA-861M and published in the Electric Power Monthly, Table 5.6.A. It blends supply and delivery across every residential customer in the state, so it is a statewide average rather than a quote for any individual household.