ECONOMIC INDICATORS
ELECTRICITY COSTS IN OKLAHOMA AMONG LOWEST IN THE NATION Annual Average Price per Kilowatt hour
RANK
STATE
AVERAGE ELECTRICITY RATE FOR ALL SECTORS (CENTS PER KWH)
1
IDAHO
8.17 8.25 8.34 8.52 8.58 8.65 8.75 8.82 8.84 8.87
2 3 4 5 6 7 8 9
WYOMING
UTAH
OKLAHOMA
NEVADA
NORTH DAKOTA WASHINGTON
LOUISIANA NEBRASKA
10
WEST VIRGINIA
UNITED STATES (AVERAGE)
11 .1
SOURCE: U.S. DEPARTMENT OF ENERGY INFORMATION ADMINISTRATION, ELECTRIC SALES, REVENUE, AND AVERAGE PRICE REPORT (2021) ; UPDATED DECEMBER 2022.
• As of 2021, according to the U.S. Department of Energy, the statewide average electricity price in Oklahoma is the fourth lowest in the country, based on the latest federal figures. • Oklahoma ranks in the top five states for lowest electricity cost with a rate of 8.84 cents per Kilowatt hour. • Nationally, electricity costs 30.3% higher than it does in Oklahoma.
For comprehensive Economic Indicator and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com/economicindicators or contact Eric Long, Research Economist, at 405-297-8976; elong@okcchamber.com DID YOU KNOW? Get regional demographic data, consumer expenditure information, labor force data for the Greater Oklahoma City Region and more at greateroklahomacity.com.
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