Senate Bill No. 335 aims to regulate the practices of rate-regulated retail electric suppliers in Oklahoma by prohibiting them from offering ratepayer-funded incentives, rebates, or inducements to customers for switching their fuel sources from natural gas to electricity. This new provision will be codified as Section 801.10 of Title 17 in the Oklahoma Statutes. The bill emphasizes the need to prevent suppliers from incentivizing such transitions, which could impact energy consumption patterns and market dynamics.

The bill is set to take effect on July 1, 2025, and includes an emergency clause, allowing it to be enacted immediately upon passage and approval to ensure the preservation of public peace, health, or safety. This urgency reflects the bill's intent to address potential issues in the energy market promptly.