Are You On the Right Rate?

By Brianna Wall

Exploring our rate options could save you money this summer

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 kilowatt hours (kWhs) per month. On this rate, all kWhs cost 9¢ year-round, with 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. This rate includes a daily $1.50 service availability charge. Learn more about this charge to the left.

Time Of Use Rate

This rate is suggested 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 August 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. Energy use greater than 1,000kWhs in winter is billed at 6¢ per kWh.

The service availability charge for this rate is only $1 per day.

Electric Vehicle Rate

This rate is not only perfect for electric vehicle (EV) owners but those willing to divert energy consumption to evening and overnight hours. This simple yearround 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 daily $1.50 service availability charge.

Explore the rate options and switch rates at okcoop.org/rates. You may also switch rates right from your MyOEC 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. Visit okcoop.org/rates for a full breakdown of each rate.

What is the service availability charge and why does it exist?

As a distribution provider, OEC's costs are mostly fixed costs, like line maintenance and system improvements, costs for billing, member services and administration, and ensuring we build and maintain enough capacity to meet the demands of our members. The flat monthly service availability charge is intended to help cover fixed costs.

We all need a reliable energy grid, so we all share in the costs of building and maintaining it.