State electricity profile · 2024
Oklahoma Electricity
Oklahoma residential power costs 12.24¢/kWh, 25.7% below the US average. Scroll down for commercial, industrial, and generation-mix figures, sourced from EIA filings.
- 12.24¢/kWh
- Residential rate
- -25.7%
- vs US average
- 43%
- Renewable
- 1.9M
- Customers
Verify with EIA → · Methodology
The verdict · 2024
Oklahoma's residential electricity runs 12.24¢/kWh - 25.7% below the 16.48¢/kWh national average, cheaper than 86% of states, with 43% of its power from renewables.
Rate is the EIA state average across all 1.9M residential customers, a benchmark for comparing states, not the rate on any single bill. Source: EIA Form-861.
What Oklahoma's Electricity Data Tells Us
Oklahoma's residential rate stands at 12.24¢/kWh for 2024, serving 1.9M metered households, a gap of 25.7% under the national residential average (16.48¢/kWh). Commercial customers pay 8.92¢/kWh, and industrial customers are billed 5.84¢/kWh, reflecting the cost differentials that come from voltage level, load factor, and contract length across EIA Form-861 survey respondents. Annual residential sales total 24.3M MWh on roughly $3.0B in utility revenue, a useful yardstick for sizing local demand against the grid mix that serves it.
Look at where Oklahoma's electricity actually comes from and natural gas tops the list at 50.7% of in-state production, followed by wind at 40.3% and coal in third at 6.5%. Tally solar, wind, hydro, geothermal, and biomass together and renewables reach 42.7% of Oklahoma's generation, a figure that matters because each renewable megawatt-hour displaces fuel costs that otherwise flow through to retail bills. A portfolio this clean typically carries lower marginal generation costs once capacity is built, though transmission upgrades can offset part of the saving.
Looking back across EIA records, residential prices in Oklahoma moved from 10.20¢/kWh in 2016 to 12.24¢/kWh in 2024, a 20.0% shift over that window. States charging a similar rate include Utah, Arkansas, Tennessee, a useful peer set for a sanity check. For anyone negotiating a supplier contract, weighing an energy-efficiency upgrade, or modeling a household budget, the combination of current rate, multi-year trend, and generation mix offers a sturdier footing than any single data point on its own.
-25.7%
vs the US residential average
86%
of states have higher residential rates
43%
renewable share, above the US mix
1.9M
residential customers served
How Oklahoma compares
Cents per kWh, EIA Form 861. Pick a benchmark above to compare Oklahoma against the US average or a peer state.
Residential Price History
| Year | Price | Change |
|---|---|---|
| 2024 | 12.24¢/kWh | +1.3% |
| 2023 | 12.08¢/kWh | -2.9% |
| 2022 | 12.44¢/kWh | +13.1% |
| 2021 | 11.00¢/kWh | +8.7% |
| 2020 | 10.12¢/kWh | -0.9% |
| 2019 | 10.21¢/kWh | -0.9% |
| 2018 | 10.30¢/kWh | -2.9% |
| 2017 | 10.61¢/kWh | +4.0% |
| 2016 | 10.20¢/kWh | - |
Energy Generation Mix
How Oklahoma generates its electricity. Renewable sources account for 42.7% of generation.
- Natural Gas50.7%
- Windrenewable40.3%
- Coal6.5%
- Hydrorenewable1.7%
- Solarrenewable0.6%
- Biomassrenewable0.1%
- Pumped Storage0.1%
Market Overview
Residential Revenue
$3.0B
Commercial Revenue
$2.3B
Residential Sales
24.3M MWh
Residential Customers
1.9M
Frequently Asked Questions
How much does electricity cost in Oklahoma? ▼
How much of Oklahoma's electricity is renewable? ▼
Are electricity prices going up in Oklahoma? ▼
What are commercial and industrial electricity rates in Oklahoma? ▼
What is the cheapest energy source in Oklahoma? ▼
Where does RateWatt's Oklahoma electricity data come from? ▼
States with Similar Electricity Prices
Using Oklahoma's numbers
This is the state average, use it as a benchmark, not a quote for your address.
- Oklahoma sits 25.7% below the national average, see exactly where it lands among all 50 states. See the rankings
- Check the multi-year trend before you judge the rate, a low price rising fast can cost more over a decade than a steady one. Oklahoma price trend
- Compare Oklahoma side by side with the US average and peer states using the tool above, then estimate your own bill from your monthly kWh. Cost calculator
Figures are EIA state averages by sector. Your actual rate depends on your utility, plan, and usage, see our disclaimer.
Energy Guides
Understanding Electricity Rates
What ¢/kWh means and how your bill is calculated
Why Prices Vary by State
Generation mix, regulation, and geography
US Energy Sources Explained
How each fuel source powers the grid
Renewable vs Fossil Fuel Costs
LCOE comparison and the cost crossover
Cheapest States for Electricity
Which states pay the least and why
Primary source data for Oklahoma
Every figure on this page traces to these official federal datasets.
- 📊 EIA State Energy Profile, Oklahoma State energy database
- ⚡ EIA Electric Power Monthly Generation and price statistics
- 🌿 EPA eGRID Power-grid emissions database
- ☀️ NREL solar resource maps Solar potential by location
- 💨 NREL wind resource maps Wind potential by location
- ⚛️ NRC reactor data Nuclear operating status
- ⚡ FERC market data Transmission and market prices
- 🏛️ NARUC commissions State public utility commissions
- 📖 EIA energy mapping system Interactive federal energy map
Related
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Energy Information Administration (EIA). Consult a qualified professional before making decisions based on this data.
Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. State prices and generation mix are pulled directly from the EIA's published tables for this state. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.