Why did OG&E ask to change its rates?

We want to make sure you always have electricity for your home and business. That’s why we continually harden, upgrade, and maintain the electric grid and our power plants to improve reliability and better serve you. We remain committed to delivering reliable electricity at some of the lowest rates in the country.  

Earlier this summer, we asked the Oklahoma Corporation Commission (OCC) to review our current rates, given the significant investments we have made to improve reliability and strengthen the grid against extreme weather. On June 12, 2024, OG&E and the other key stakeholders in our rate review achieved an uncontested settlement to determine new rates for Oklahoma customers that became effective on July 1, 2024.

How does the rate review work?

Over the summer, The OCC reviewed all our infrastructure improvements and determined which of those improvements will be included in customer rates going forward, along with other requests we made in the rate review.  

OG&E and other stakeholders submitted information to the OCC on the rate review request, and the commission held a public hearing in early June. 

As allowed by Oklahoma and following the agreement between parties on new rates, OG&E implemented the agreed to rate changes, on an interim basis, beginning July 1, 2024. The OCC approved OG&E's interim rate changes with an interim order issued on November 27, 2024. Residential customer rates will stay the same following this approval since interim rates were effective on July 1, 2024. 

What does the rate review mean for commercial customers? 

The customer charge for General Service (small-to-medium business) customers has been increased by $22 per month. This adjustment helps maintain consistent and reliable service and more accurately reflects the costs to serve General Service customers and ensures other customers are not subsidizing the cost of serving them. The customer charge reflects a portion of the fixed costs to serve each customer and does not vary by electricity use.

What does the rate review mean for residential customers? 

The settlement includes direct benefits to our customers:  

• A $60 annual increase in OG&E’s Silver Energy senior citizen discount.

• More resources for tree trimming and forestry management to reduce outages caused by trees and tree limbs, a main cause of outages.  

• Power generation and electric grid improvement projects, such as recent investments since our last rate review in weathered hardened equipment, underground infrastructure, automation technology, as well as infrastructure we repaired or replaced after being damaged in storms or that needed modernization.  

• Holds the residential customer charge at $13 per month. 

How do OG&E’s rates compare to other electric companies?  

Today, OG&E’s rates are approximately 35% below the national average. We understand the financial impact any rate change may have on our customers and remain committed to our long track record of affordability along with program offerings that help customers manage both their monthly bill and energy usage such as Average Monthly Billing, SmartHours®, and Guaranteed Flat Bill.  

Customers can contact our customer support advocates by calling 405-272-9741 from 8 a.m. - 5 p.m., CT, Monday - Friday.