How Do I Know the Utility is Paying the Best Price for their Commodity?

The Oklahoma Corporation Commission, Public Utility Division (PUD) reviews the processes utilities use to purchase commodities during its annual fuel audits. Almost all fuel purchased on the behalf of Oklahoma ratepayers is procured through competitive bidding. The annual review looks in depth at bidding processes, bid evaluations, and contract negotiations. PUD considers whether or not the winning bid was the least reasonable cost for ratepayers. PUD reviews the process to ensure that affiliated bidders are not given preferential treatment.

In addition to price, it is also important to consider the reliability of the bidder in electricity or gas. Suppliers must show an ability to guarantee delivery to avoid disruption of utility services.