Customers of Public Service Co. of Oklahoma will get a reduction in their electric bills for the next few months, because of lower natural gas prices.
The monthly bill of a typical PSO residential customer using 1,100 kilowatt-hours will decrease by approximately $12, or 7%, for about the next six months, until the company’s next fuel adjustment review.
“This change is driven by the passthrough expense of purchasing natural gas used to generate electricity,” said Matt Rahn, the utility’s region communications manager. “When fuel costs go down, those savings are passed directly to customers.”
“Through thoughtful planning, strategic investments, and a balanced energy mix, PSO works to shield customers from market volatility and deliver consistent value,” Rahn said.
“We know how important affordability is to our customers, and we’re pleased to pass these savings along,” said PSO President and Chief Operating Officer Leigh Anne Strahler.
“Our team is focused every day on delivering dependable service while keeping costs as low as possible.”
In addition to this fuel cost reduction, PSO also offers programs to help customers manage energy costs, including free weatherization services, rebates, energy efficiency incentives, and flexible payment options.
Tulsa-based PSO serves 575,800 customers (residential, commercial, industrial, and “other”) in 232 cities and towns in eastern and southwestern Oklahoma. The company serves more than three dozen communities in southwest Oklahoma, including Lawton, Altus, Duncan, Chickasha, Cache, Elgin, Fletcher, and Porter Hill.