Lower natural gas prices mean bill reduction for OG&E customers
Lower natural gas prices and the effects of a wholesale regional electricity market will mean lower bills for Oklahoma Gas and Electric Co. customers, the utility said Tuesday.
OG&E said the typical residential customer should see a monthly bill reduction of $5, starting this month.
The reduction comes from a regulatory review of OG&E’s fuel charges, which are passed along directly to customers. By law, utilities can’t profit on the price of fuel.
“We’re pleased to deliver this savings to our customers,” OG&E spokeswoman Kathleen O’Shea said in a news release. “We are fortunate from an electricity perspective to be in an extended period of lower natural gas prices. These lower prices were compounded by the fuel saving benefits provided by the SPP (Southwest Power Pool) Integrated Market, which makes it possible to pass along these savings on monthly electric bills.”