In this work, the electrochemical and electrocatalytic behavior of gold electrodes modified with nickel(II) (NiPc) and copper(II) (CuPc) tetra-4-sulfophthalocyaninates in an aqueous alkaline solution was studied using cyclic voltammetry. A comparative assessment of the electrocatalytic activity of the studied metal phthalocyaninates in the oxidation reaction of hydroxide ions with the formation of molecular oxygen is given, and a comparison is made with literature data.