Oklahoma Electricity Prices

Oklahoma's residential electricity rate in August 2026 was 14.82¢/kWh, ranking 39th most expensive among the 50 states and DC. This stands 3.34¢/kWh below the national average of 18.16¢/kWh, making Oklahoma 18.4% cheaper than the US average. Of its bordering states, only Arkansas at 14.37¢/kWh undercuts Oklahoma; Colorado stands highest among neighbors at 17.17¢/kWh, followed by New Mexico at 16.51¢/kWh, Missouri at 16.02¢/kWh, Texas at 15.91¢/kWh, and Kansas at 15.47¢/kWh.

The rate has risen steadily over longer periods. Since August 2021, it has climbed 30.3% from 11.37¢/kWh. Over the past twenty years since August 2006, it has grown 62.9% from 9.10¢/kWh. The longest available record shows a 127% increase since January 2001, when the rate stood at 6.53¢/kWh. August 2026 marks the highest rate on record; the lowest, at 5.65¢/kWh, occurred in January 2002. Year-over-year growth stood at 3.6% into August 2026.

The average monthly residential bill reached $148 on usage of 1,077 kWh, compared with the national average of $158 on 876 kWh per month. Oklahoma consumers use substantially more electricity than the national average despite paying a lower rate per kilowatt-hour. Commercial rates ran 10.90¢/kWh and industrial rates 8.16¢/kWh.