OG&E rate increase begins Aug. 1 for customers

Have you taken a look at your OG&E thermostat today? If so, you may see a rate increase from the energy company starting on Aug. 1.

The rate increase affects two categories for the company’s 100,000 Smart Hours customers. The low rate goes from five cents per kWh to six cents per kWh. The standard rate will go from nine cents to ten. The highest rates, 19 cents and 43 cents per kWh, will remain the same.

The change affects all customers, not just SmartHours customers.

OG&E states the one penny increase will help the company pay for the fuel they use to make electricity. The company goes on to say they are not making a profit off the increase, but simply paying for the fuel after they under-estimated their fuel cost.