Electricity deregulation has come to Lubbock! After years of having just one choice for electricity, Lubbock Power & Light (LP&L) consumers can choose from multiple suppliers.
We created ElectricityPlans to provide clear, honest, gimmick-free comparisons between rates and plans. Here are some of the tools to help you compare electricity rates in Lubbock to find the cheapest electricity plans.
The average electricity rate in Lubbock is 16.49¢ per kWh based on rates as of 11/23/2024. That's based on a typical home in Lubbock using 1700 kWh. The average monthly electricity bill in Lubbock is $280.33.
Shop Lubbock Electricity Rates
| Plan Name | Term | Rate/kWh |
|---|---|---|
| Atlantex Power Luminous 6 | 6 | 14.6 ¢ |
| Frontier Budget Saver 12 | 12 | 15.6 ¢ |
| Champion Energy Services Champ Saver 12 | 12 | 15.8 ¢ |
| Champion Energy Services Champ Silver 24 | 24 | 15.8 ¢ |
| Frontier Budget Saver 24 | 24 | 15.9 ¢ |
| Champion Energy Services Champ Saver 24 | 24 | 16.2 ¢ |
| Atlantex Power Luminous 12 | 12 | 16.3 ¢ |
| Chariot Energy Solarize 36 | 36 | 16.4 ¢ |
| Chariot Energy Solarize 24 | 24 | 16.5 ¢ |
| Chariot Energy Solarize 12 | 12 | 16.7 ¢ |
| TXU Energy Simple Rate 12 | 12 | 17.0 ¢ |
| Discount Power Wise Buy 12 | 12 | 17.4 ¢ |
| Gexa Straight Saver 24 | 24 | 18.3 ¢ |
| Cirro Energy Smart Lock Saver 12 | 12 | 18.4 ¢ |
Compare Lubbock Residential Electricity Rates Online
Types of Electricity Plans in Lubbock
There are two main types of electricity plans in Lubbock:
- Variable rate plans: Your price per kWh of power will change every month. However, you won’t have a contract, so you can switch plans or lock in your rate at any time.
- Fixed rate plans: You’ll pay the same price per kWh of power for the term of your contract. You’ll have an early termination fee if you cancel before the end of your contract, but you’ll have rate certainty.
Within fixed rate plans, there are some different options:
- Basic fixed rate plans: These are the simplest plans and often the ones we recommend based on our 20+ years of industry experience. There are no gimmicks or fine print. Just one basic fixed energy rate for the term of your agreement.
- Bill credit/Tiered rate plans: These plans are focused on consumers that use a specific level of power. If your usage matches these criteria, you can get a good value for your home.
- Free nights & weekends: Free electricity plans give you free power at certain times. These plans can work for you if you can shift your electricity usage to the free energy time period. (May not be available in the Lubbock area.)
- Prepaid electricity: Depending on your credit, you may have to pay a deposit with traditional energy companies. Instead, prepaid electricity lets you pay a small amount ($40-75) up front to get your lights on. Then you’ll add funds to your account as you use power.
How to Compare Electric Rates in Lubbock
Since Lubbock is new to electricity choice, you may be confused with the number of options available and how to shop.
When it comes to shopping, the biggest confusion comes around electricity rates displayed at 500, 1000 or 2000 kWh. That’s the average rate based on that amount of power. But behind the details, you could pay a different rate based on how much you use.
And this is why we recommend basic fixed rate plans, especially for consumers that are new to deregulation. Here are the other tips on how to shop and compare electric rates in Lubbock:
- Shop based on your usage, so you know exactly what you will pay per kWh, and the estimated monthly bill. Our Electricity Bill Calculator feature does all the math for you!
- Read one-line summaries of the fine print on each plan. We highlight key items for you.
- Shop by type of plan. So if you want a tiered rate or bill credit plan, you can find those. But you can also find true fixed rate plans, which is what we recommend for most homes.
- Compare plans side-by-side with the Compare Plans tool, then send the results to yourself via email if you’re not ready to buy yet.
Check our full guide on how to shop for an electricity plan in Texas or use the quick guide to shopping below.
Business Electricity Plans in Lubbock
All commercial customers in Lubbock Texas must also shop for a new electricity provider.
While residential rates are quoted inclusive of delivery charges, commercial electricity rates are marketed as energy only rates. That’s because your delivery rates may vary based on your load factor and demand.
You can shop online for business electricity rates by entering your zip code. Below are some of the rates available.
Spend over $2500 monthly on your business electricity? You may qualify for custom pricing. Call us at 844-214-5559.
Business Electricity Rates in Lubbock Texas
| Plan Name | Term | Rate/kWh |
|---|---|---|
| Reliant Business Power Plus 36 Months | 36 | 9.10 ¢ |
| APG&E APG&E 6 Months | 6 | 8.07 ¢ |
| APG&E APG&E 18 Months | 18 | 8.95 ¢ |
| Reliant Business Power Plus 12 Months | 12 | 9.00 ¢ |
| Reliant Business Power Plus 24 Months | 24 | 9.10 ¢ |
| APG&E APG&E 12 Months | 12 | 9.22 ¢ |
| APG&E APG&E 24 Months | 24 | 9.24 ¢ |
| APG&E APG&E 36 Months | 36 | 9.46 ¢ |
| APG&E APG&E 48 Months | 48 | 9.60 ¢ |
| APG&E APG&E 60 Months | 60 | 9.64 ¢ |
Shop Commercial Electricity Rates by Zip Code
Frequently Asked Questions about Lubbock Electricity Deregulation
Electricity choice in Lubbock opened January 1, 2024, and all customers were transitioned to a new provider on your meter read date between March 4 and April 4, 2024.
No. All electric meters in LP&L have transitioned to the competitive market. If you fail to choose an electricity supplier during the enrollment period, you will be assigned to the Default Retail Electricity Provider (DREP). DREP rates are typically the highest in the market. It’s to your benefit to shop and choose a supplier.
For years, Lubbock Power & Light operated as a city owned utility company under the Southwest Power Pool (SPP) electrical grid. Lubbock operated their own power plant and also purchased power from the SPP grid.
But population growth and increasing demand led LP&L to a decision point. They would either have to invest in a new power plant, costing local taxpayers millions of dollars. Or they could join the Electric Reliability Council of Texas (ERCOT) the grid operator that runs the Texas grid.
By joining ERCOT, they have access to a larger electricity market and more competitive pricing.
You can find the cheapest electricity plan for your Lubbock home or business by shopping online. We recommend shopping only no gimmicks fixed rate electricity plans. We call these Basic Electricity.
Plans that have tiered rates, bill credits and flat bill amounts look attractive. But the fine print behind them may leave you paying more than you expected.
To find the cheapest electricity rates, always shop based on your monthly electricity usage. Sites like ElectricityPlans.com let you enter your zip code and usage to compare rates.
When shopping for Lubbock electricity plans, you will see rates advertised based on 500, 1000 or 2000 kWh monthly usage. This is a requirement by the Public Utility Commission of Texas.
Some plans have tiered rates, bill credits or fixed monthly charges that can make a difference in your effective rate. The three rates in the Electricity Facts Label are designed to highlight this.
ElectricityPlans lets you shop based on your average monthly usage to find the best plan for your home. You’ll see an estimate of your actual bill including delivery.
Electricity deregulation separates the generation, supply and delivery of power into different companies.
The retail electricity provider (REP) you choose buys the electricity on your behalf, sends your bill for energy and delivery and provides customer service.
No matter what electricity company you choose, LP&L still delivers the power to your home and responds in the case of an emergency. Your other City of Lubbock utilities, like water, will remain unchanged.
You can read more on Deregulation 101 in our article on that topic.
