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 rate here and read on to learn more about the flat monthly charge.
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. Kilowatt-hour costs range from 6¢ to 9.2752¢ per kWh on winter bills.
The service availability charge for this rate is only $1 per day. Learn more about this rate here.
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 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 daily $1.50 service availability charge. Learn more about the EV rate here.
Explore the rate options and switch rates at www.okcoop.org/rates. You may also switch rates right 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. Visit www.okcoop.org/rates for a full breakdown of each rate.