Newspaper article THE JOURNAL RECORD

EIA Says State Has Least Expensive Electricity

Newspaper article THE JOURNAL RECORD

EIA Says State Has Least Expensive Electricity

Article excerpt

OKLAHOMA CITY - Oklahoma ranks as the state with the lowest average cost of electricity, with an average of 7.01 cents per kilowatt-hour, according to the U.S. Energy Information Administration.

The data includes an average of commercial, industrial and residential rates. The report also said Oklahoma electric rates at the end of 2015 in Oklahoma were down 7 percent from a year earlier.

The EIA also said Oklahoma ranked third for natural gas production, fourth for wind capacity and fifth for oil production.

The average price of electricity in Oklahoma was 6.85 cents per kilowatt-hour for commercial customers, 4.65 cents for industrial customers and 9 cents for residential customers.

"We are seeing the long-term benefits of great business decisions by our power producers which continue to increase their utilization of Oklahoma resources like natural gas and wind in order to keep power costs down," said Michael Teague, Oklahoma secretary of energy and environment. …

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