After months of widespread speculation, the Public Service Company of Oklahoma confirmed in a January 2 news release that your electricity rates will likely soon be going up. And now we know by how much and when.
The average residential customer will experience a 15% increase to their monthly bill—about $25—by July 2026, should the utility's latest filing be approved by the Oklahoma Corporation Commission.
What's driving that increased cost? New large-load customers have been coming on to the grid, including data centers and crypto mines. On the upside, PSO says it's "proposing new special terms and conditions for new large customers to ensure they pay full costs to connect to the grid."