This bill establishes a new section in the Oklahoma Statutes, specifically Section 801.10 of Title 17, which prohibits retail electric suppliers from offering any ratepayer-funded incentives, rebates, or inducements aimed at encouraging customers to switch from natural gas to electricity. The intent of this legislation is to prevent the incentivization of fuel source switching that could potentially undermine the use of natural gas.

The bill is set to take effect on July 1, 2025, and includes an emergency clause, indicating that it is deemed immediately necessary for the preservation of public peace, health, or safety. This allows the act to be enforced as soon as it is passed and approved, rather than waiting for the standard effective date.