Why did OG&E ask to change its rates?

We know your top priority is reliable electric service to power 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. 

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 will become effective on July 1, 2024.  As a result of this settlement, when combined with the recent fuel cost reduction, OG&E’s residential customers will see rates this summer that are $15 lower than last summer. 

How does the rate review work?

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. The commission held a public hearing in early June.   

The OCC will review the settlement and issue a final order. As allowed by Oklahoma and following the agreement between parties on new rates, OG&E will implement the agreed to rate changes, on an interim basis, beginning July 1, 2024, until the OCC issues its final order. 

What does the rate review mean for me? 

The settlement includes direct benefits to our customers:  

• A $60 annual increase in OG&E’s Silver Energy senior citizen discount. Visit OGE.com/SilverEnergy to learn more.  

• 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 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.