Are You on the Right Rate?

Summer is here, and soon your electric bill will reflect it. Now is the time to take a closer look at not just how much electricity you use, but how you use it, so you can be on the rate that keeps more money in your pocket.

STANDARD RESIDENTIAL RATE

The Standard Residential Rate is perfect for members who like simplicity and convenience and who use an average of 1,600 or more kWhs per month. All kWhs cost 9¢ per kWh year-round, and you get a break in the winter. Energy use greater than 1,000 kWhs is billed at 6¢ per kWh on January, February, March, April, May, November and December bills. The daily service availability charge of $1.50 pays for some of OEC’s fixed costs, including distribution and generation capacity, line maintenance and system improvements, and costs for billing, member services and administration.

TIME OF USE RATE

This rate is perfect for energy savers who are willing to modify behavior to maximize savings. It's a more complex rate design, but energy-conscious members are able to take full advantage to see savings. Energy used between 3 and 7 p.m. on weekdays from June 1 through Aug. 31 (excluding July 4) costs 24¢ per kWh. All other kWhs are billed at 11¢ per kWh on June bills and 9.8688¢ on July, August and September bills. Kilowatthour costs range from 6¢ to 9.2752¢ per kWh on winter bills.

The service availability charge for this rate is only $1 per day. Visit www.okcoop.org/ time-of-use-rate for the full rate breakdown. [1819421103]

ELECTRIC VEHICLE RATE

This rate is perfect for electric vehicle (EV) owners and those willing to divert energy consumption to evening and overnight hours. This simple year-round rate offers 9¢ per kWh between 5 a.m. and 9 p.m., and 5¢ per kWh between 9 p.m. and 5 a.m. Anyone able to shift energy use during those overnight hours should see savings. This rate includes a $1.50 service availability charge per day.

Not sure which rate is right for you? Visit www.okcoop.org/rates and use our rate calculator to pull your home's energy history to determine which rate is best for you. You may switch rates from your My OEC mobile app or by calling our Member Service team at 405-321-2024. Please note you may only change rates once in a 12-month period.