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PSO lowering customers fuel costs

Posted at 5:09 AM, Sep 28, 2019
and last updated 2019-09-28 06:09:17-04

TULSA — According to the Public Service Company of Oklahoma, customers will soon see a reduction in their bills due to continued lower cost for the fuel used to generate electricity.

In the beginning of October billing cycle, PSO is lowering the fuel cost adjustment on customer bills, which will result in decreases between 2.9 percent and 19.2 percent, depending on customer class and usage, officials say.

“The reduction in the fuel cost adjustment is largely the result of continued lower prices for natural gas, which PSO uses to generate a substantial portion of the electricity used by our customers,” said PSO’s Matthew Horeled, vice president, Regulatory & Finance. “Our fuel forecasts continue to show these lower prices going forward, which is good news for our customers.”

Horeled advises that despite the good news regarding fuel prices, customers should continue to focus on using electricity wisely.

For more information about PSO energy efficiency programs click here.

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