Electricity deregulation has come to Lubbock! After years of having just one choice for electricity, Lubbock Power & Light (LP&L) consumers will choose from multiple suppliers.
Consumers can shop electricity rates using a comparison shopping site like ElectricityPlans to find the best rate. We’re based in Cypress, Texas and have been helping consumers shop for electricity plans since 2017.
The average electricity rate in Lubbock is 17.08¢ per kWh based on rates as of 04/25/2024. That's based on a typical home in Lubbock using 1700 kWh. The average monthly electricity bill in Lubbock is $290.36.
Shop Lubbock Electricity Rates
| Plan Name | Term | Rate/kWh |
|---|---|---|
| Champion Energy Services Champ Silver 24 | 24 | 15.5 ¢ |
| Champion Energy Services Champ Saver 12 | 12 | 15.8 ¢ |
| TXU Energy Simple Rate 12 | 12 | 15.9 ¢ |
| Champion Energy Services Champ Saver 24 | 24 | 15.9 ¢ |
| Discount Power Wise Buy 12 | 12 | 16.5 ¢ |
| Cirro Energy Smart Lock Saver 12 | 12 | 16.9 ¢ |
| Chariot Energy Solarize 36 | 36 | 17.4 ¢ |
| Frontier Budget Saver 24 | 24 | 17.5 ¢ |
| Chariot Energy Solarize 24 | 24 | 17.6 ¢ |
| Frontier Budget Saver 12 | 12 | 17.8 ¢ |
| Chariot Energy Solarize 12 | 12 | 17.9 ¢ |
| Flagship Power LPL Schooner 12 | 12 | 20.3 ¢ |
Compare Lubbock Residential Electricity Rates Online
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 | 11.20 ¢ |
| APG&E APG&E 60 Months | 60 | 10.26 ¢ |
| APG&E APG&E 48 Months | 48 | 10.34 ¢ |
| APG&E APG&E 36 Months | 36 | 10.41 ¢ |
| APG&E APG&E 24 Months | 24 | 10.45 ¢ |
| APG&E APG&E 12 Months | 12 | 10.73 ¢ |
| APG&E APG&E 18 Months | 18 | 10.85 ¢ |
| Reliant Business Power Plus 24 Months | 24 | 11.20 ¢ |
| Reliant Business Power Plus 12 Months | 12 | 11.30 ¢ |
| APG&E APG&E 6 Months | 6 | 12.35 ¢ |
Shop Commercial Electricity Rates by Zip Code
Lubbock Deregulation Timeline
Here are the key important dates for deregulation in Lubbock:
- Customer Choice Enrollment: January 5 to February 15, 2024. Consumers can select a Retail Electricity Provider (REP).
- Default Provider Assignment: February 19 – March 1, 2024. Those that don’t choose an REP will be assigned to a Default Retail Electric Provider (DREP) at a variable market rate.
- Ongoing Shopping. If you chose a REP, you’re all set. If you got assigned to one, you can still shop and find a fixed rate plan!
- Provider Activation. March 4 – April 5, 2024. Your electricity account will transition from LP&L to your new REP on your meter read cycle during this period.
Deregulation Basics – Lubbock Electricity Shopping
Electricity deregulation separates the generation, supply and delivery of power into different companies.
The 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.
The biggest benefit of deregulation is choice.
Instead of paying a set rate from the local utility company, you can choose from a variety of plan types and companies. Competition between these electricity providers helps keep prices down.
You can read more on Deregulation 101 in our article on that topic.
Based on 20+ years of experience in electricity rates and plans, we recommend a basic fixed rate electricity plan. You’ll pay the same rate per kWh for all your electricity. Plan gimmicks like bill credits, tiered rates and free electricity typically don’t save you money.
Frequently Asked Questions about Lubbock Electricity Deregulation
Electricity choice in Lubbock will open January 5, 2024 and run through February 15, 2024. If you do not choose an electricity provider, you will be assigned to a Default Retail Electricity Provider at a market variable rate. If that happens to you? You can still shop and get a better price! Your electricity transitions to your 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.
Once electric choice is open, 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.
