Your OG&E bill is about to go up: See the reasons behind the rising costs for customers
Customers of OG&E will soon see an increase in their monthly electric bill, thanks to rising fuel costs.
The energy provider told customers in an email Friday, May 23, that a fuel charge adjustment would go into effect June 1. OG&E charges customers for the "actual cost of fuel to generate electricity," and the fuel cost can be seen on your monthly bill. OG&E cannot profit from fuel costs.
"We understand any increase in bills can be difficult," the email said. "That's why we source and purchase fuel at the lowest cost possible to minimize the impact on customer bills and physically store lower cost fuel that we can use when prices increase."
According to OG&E, the average residential customer will see an increase of $5.87 per month.
You can learn more about how your bill is impacted by the cost of fuel at oge.com/fuel.
This fuel cost adjustment is just one of a few recent changes to OG&E customer bills.
In March, OG&E customers saw an average increase of about $12.65 on their monthly bill, which was to account for rising fuel costs following the unusually high temperatures in October and November of 2024.
This increase followed an average $9.58 monthly rate increase approved by the Oklahoma Corporation Commission that started in July 2024, which was expected to fund tree trimming and boost a senior discount for the company's SmartHours program.
Aaron Cooper, OGE Energy Corp. spokesman, told The Oklahoman in February the rate and fuel increases are offset by three drops in fuel charges between November 2023 and November 2024 that over the 12-month period led to an accumulative monthly drop of $50.37.
This article originally appeared on Oklahoman: OG&E bills going up again: See what's behind the rise in cost
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Best business checking accounts Name APY* Minimum initial deposit Bonuses Locations Fees BlueVine 2.00% $0 N/A Online only $0 LendingClub 1.50% $100 1% cash back Online only $0 with a $500 average monthly balance American Express Bank 1.30% $0 30,000 points Online only $0 First Internet Bank 0.50% $0 N/A Online only $0 EverBank 0.50% $1,500 N/A Online only $0 Bethpage Federal Credit Union 0.20% $5 N/A 30 branches in New York $0 Navy Federal Credit Union 0.01% Up to $255 N/A 350 branches $0 Axos Bank 0% $0 Up to $400 Online only $0 U.S. Bank 0% $100 Up to $800 2,000+ branches $0 Chase 0% $0 $400 4,700+ branches $15 APYs as of March 3, 2024. *Some APYs may require maintaining a certain balance amount. Top business checking accounts BlueVine business checking Blue Vine APY 2.00% Min. deposit to open $0 Overview Earn 2.00% APY on balances up to $250,000 with a BlueVine business checking account when you spend either $500 per month with the BlueVine Business Debit Mastercard or receive $2,500 in customer payments. Business checking customers receive unlimited transactions, overdraft protection and QuickBooks integration for no monthly fee. There are 37,000 surcharge-free ATMs available to customers with a BlueVine business checking account and 90,000 retail locations that accept cash deposits. APY: 2.00% on balances up to $250,000 Number of locations: Online only LendingClub Tailored Checking LendingClub Read LendingClub Review APY 1.50% Min. deposit to open $100 Overview LendingClub's Tailored Checking is an online-only checking account. The mobile app is available for iOS and Android users and syncs to Mint, Quickbooks and Quicken accounts. 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There are 37,000 surcharge-free ATMs available through the MoneyPass network. Though there are no branches, American Express provides 24/7 live customer support. Mobile banking is available through its Business Blueprint™ app that is now available for both iOS and Android phones. APY: 1.30% on balances up to $500,000 Number of locations: Online only First Internet Bank Do More Business Checking First Internet Bank of Indiana APY 0.50% Min. deposit to open $0 Overview First Internet Bank offers several online-only business bank accounts for small-business owners. The Do More Business Checking is an interest-bearing account with no fees, no minimum balance requirements and unlimited transactions. Customers are reimbursed by up to $10 per month in ATM fees. 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