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Oklahoma Gas and Electric customers paid the lowest retail rates in the country for electricity in 2018, report states
Oklahoma Gas & Electric’s retail electricity rates in 2018 were lowest in the country among major investor-owned utilities, a report issued this month states.
The report, issued by S&P Global Market Intelligence, also states Oklahomans on average enjoyed some of the lowest retail electric prices in the country.
The average retail rate an OG&E customer paid during the year was 7.31 cents per kilowatt hour (kWh), the report states. The calculation was made by averaging rates residential, commercial and industrial users paid for their power, plus accounting for the number of customers the utility served in Arkansas and Oklahoma.
On Thursday, utility officials agreed power providers in this part of the country are blessed with multiple sources of energy that help keep power prices affordable.