Oklahoma Electric Cooperative

About Oklahoma Electric Cooperative

Oklahoma Electric Cooperative is an electric cooperative providing electricity in 22 cities throughout Oklahoma including Oklahoma City, Norman, Moore, Mustang, and Chickasha. Recently filed reports by the company showed a customer base of 64,546 customer accounts, 142 of which are industrial properties, 5,472 are commercial customers and 58,932 are residential customers. On average, Oklahoma Electric Cooperative charges their consumers a residential electricity rate of 12.19 cents per kilowatt hour. Luckily for their customers, this rate is less than both the state and the nationwide average rates of 12.42 and 16.22 cents per kilowatt hour, respectively. A total of 1,477,175 megawatt hours were sold to retail customers in 2023 by the supplier. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 1,538,724 megawatt hours were purchased by way of wholesale channels. The total revenue for the company for 2023 from electricity sales was $187,228,000, with $158,723,000 coming from retail sales to end users.

The Oklahoma average monthly residential electric bill is $135.12, while the Oklahoma Electric Cooperative average is 19.88% higher at $163.62 per month. Oklahoma Electric Cooperative ranks 81st in the state for average monthly bill amount. Consumers of the supplier deal with 0.7 power outages on average each year, with outages lasting about 58.4 minutes. The national averages for outages and duration are 1.44 outages at 123.49 minutes each. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it to end users.