Fuel Adjustment Change
PSO is committed to serving you and part of that is keeping you updated on changes that affect your account. Below is information about PSO’s fuel factor adjustment submission that may help you budget for next year. PSO filed and has received approval of updated fuel rates with the Oklahoma Corporation Commission that will be effective in January 2024. The total bill decreases for this change range from 14% to 21% for commercial and industrial customers.
Market prices for natural gas and purchased power have moderated in recent months and this adjustment simply reflects market conditions and PSO’s progress in balancing fuel recovery.
As of the most recent EIA data from July, PSO’s prices continue to be competitive being 23% less than the national average, 3% less than the regional average and on par with Oklahoma prices*. We are sensitive to price concerns and are working to keep all prices competitive with state, regional and national averages.
If you need more detailed information about this change, please feel free to call your PSO representative.
*Source: EIA (US Energy Information Administration) July 2023.