The average residential electricity rate in Oklahoma (OK) is $0.1178 per kWh as of April 2026, according to the US Energy Information Administration (EIA). This is far below the national average of $0.1805/kWh, ranking Oklahoma #6 out of 51 (all 50 states plus Washington DC), where #1 is the cheapest and #51 is the most expensive. The average Oklahoma household consumes 1,163 kWh per month, resulting in a monthly electric bill of approximately $137 and annual electricity costs of about $1,644.
Oklahoma generates 40% from wind, among the highest nationally. Combined with cheap gas, this gives some of the lowest electricity costs.
This comprehensive guide covers Oklahoma electricity rates, historical trends, utility providers, bill calculation, solar savings potential, and actionable tips to reduce your electric bill. All rate data is sourced from the US EIA and updated monthly. Use our electricity cost calculator for personalized estimates.
Oklahoma residential electricity rates have increased 14% over the past six years. The table below shows the trajectory compared against the national average.
| Year | Oklahoma ($/kWh) | National Avg | Difference |
|---|---|---|---|
| 2020 | $0.1036 | $0.1322 | -22% |
| 2022 | $0.1100 | $0.1492 | -26% |
| 2024 | $0.1140 | $0.1680 | -32% |
| Apr 2026 | $0.1178 | $0.1805 | -35% |
Oklahoma has a regulated electricity market. The primary providers are: Oklahoma Gas & Electric (OG&E), PSO/AEP, Grand River Dam Authority.
Oklahoma generates electricity from: Natural gas 48%, Wind 40%, Coal 7%, Solar 3%, Other 2%.
Your monthly electric bill = kWh Used × Rate per kWh. The average Oklahoma household uses 1,163 kWh/month.
Oklahoma has excellent wind and cheap gas. OG&E SmartHours TOU pricing offers 14-cent peak and 3-cent off-peak rates. Shifting AC and EV charging to off-peak saves significantly.
Universal strategies: adjust thermostat 2-3 degrees (saves 5-10% on HVAC), switch to LEDs (see our LED savings calculator), unplug phantom loads (saves $100-200/year), and run major appliances during off-peak hours if your utility offers time-of-use pricing. For larger investments, consider a heat pump, better insulation, or a smart thermostat.
Oklahoma receives 5 peak sun hours/day. A 6 kW system produces ~8,979 kWh/year, saving ~$1,058/year. With the 30% federal ITC, payback is typically 8-12 years. Use our solar panel calculator and solar ROI calculator for personalized estimates.
| State | Rate ($/kWh) | Avg Bill | Market |
|---|---|---|---|
| Oklahoma (OK) | $0.1178 | $137 | Regulated |
| Arkansas (AR) | $0.1148 | $133 | Regulated |
| Colorado (CO) | $0.1418 | $120 | Regulated |
| Kansas (KS) | $0.1398 | $143 | Regulated |
| Missouri (MO) | $0.1228 | $139 | Regulated |
| New Mexico (NM) | $0.1378 | $108 | Regulated |
| Texas (TX) | $0.1618 | $178 | Deregulated |
Data source: US Energy Information Administration (EIA), Electric Power Monthly, April 2026. Rates shown are average residential rates and may differ from your specific utility tariff. Solar estimates assume a 6 kW system with 82% efficiency factor. Always verify current rates with your utility provider.