Lubbock Electricity Rates

Compare Real-Time Pricing from Top Providers to Uncover Savings on Energy Plans

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Author:
Enri Zhulati
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Ryan Hatch
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Lubbock’s Electricity Choice Countdown

Lubbock Power & Light (LP&L) has announced key dates for Lubbock’s transition into a competitive retail electricity market.

This move from a regulated to a deregulated structure brings more options and control for residents and businesses.

When the market launches in early 2024, you’ll be able to access real-time pricing and plan options to find the best deal.

We’ll display the rates from multiple providers side-by-side, making it easy to compare and switch to cheaper electricity.

Key Takeaways

  • Lubbock’s electricity market will deregulate in early 2024, enabling residents to shop competitive retail provider rates for potential savings.
  • The current average electricity rate in Texas is 14.01 ¢/kWh (as of October 2023), ranging from 12.30¢ to 21.00¢ depending on various factors.
  • Stay updated on live rates as soon as they become available to capitalize on savings.

Key Dates to Remember

As LP&L spearheads Lubbock’s integration from SPP to ERCOT (Electric Reliability Council of Texas), here are the important dates and insights to note.

Customer Choice Window: January 5 – February 15, 2024

This 6-week period enables customers to explore and select preferred retail electric providers before the market opens. Evaluate fixed vs variable rate plans, renewable energy offerings, and terms that fit your home/business needs.

Default Provider Assignment: February 19 – March 1, 2024

Customers who miss the choice window will be automatically assigned default providers based on their rate class. However, you can still switch anytime after the market opening.

Market Activation: March 4 – April 2, 2024

On this date, the retail electric market will officially commence operations, aligned with on-cycle meter reads. Services from chosen providers will start flowing based on the plan selected.

Factors to Consider

  • The above dates are provisional until FERC’s 30-day rehearing period on the settlement concludes in late October 2023.
  • Final approval from the LP&L Board and Lubbock City Council is expected in February 2024 before market activation.
  • Competitive retailers can already submit Access Agreements to participate.

This structured transition timeline enables Lubbock residents and businesses to benefit from a competitive electricity marketplace focused on optimized rates, quality service, and consumer empowerment.

Get Ready to Shop Rates

Enter your email, zip code, and January 5th, 2024 as your contract end date below and we’ll send you a reminder as the customer choice window opens.

Mailchimp in contract

By providing your details you’ll stay one step ahead in choosing the best electricity rate and provider for your needs when shopping opens on January 5, 2024. Take control of your electricity costs in Lubbock’s new era of energy choice.

The Best Electricity Marketplace for Lubbock

As Lubbock transitions to retail electric choice, you’ll want a trustworthy marketplace to compare plans and providers.

ComparePower is the best option for navigating Lubbock’s new energy landscape. Here’s why:

Built for Texans, by Texans

ComparePower was created by Texans to solve the same problems we all face in shopping for electricity.

We use our insider knowledge to cut through the noise and secure exclusive offers tailored to Lubbock residents.

Our platform is designed for your convenience, transparent pricing, and continuous evolution based on your feedback.

Why Trust ComparePower

  • We focus on what matters most – quality, price, and ease of use. Our metrics drive real improvements for you.
  • Our team lives right here in Texas. We understand the local market and community in a way outsiders can’t.
  • Our articles and reviews offer honest, unbiased facts and insights. We believe in transparent communication.
  • Your voice shapes our service. We listen, adapt, and improve based on your input. This customer-first model gets results.

Reviews from Texans Like You

Read genuine reviews from Texans on finding the right electricity plan. Get real experiences from people once in your shoes, looking for the best deal.

Real Feedback from Real People 👉

With 15 years of experience and over 5 million satisfied Texas customers, we’re your best ally for navigating Lubbock’s electricity choice. Let us handle the hard work while you enjoy effortless savings.

Lubbock Electricity Rates

Once Lubbock’s electricity market is deregulated, residents will have the power to shop for competitive energy rates from retail providers for the first time.

64 Lubbock Electric Rates

Plan Name Plan Length Rate
4Change Energy - Cash Money 1212 months$0.141 / kWh
4Change Energy - Maxx Saver Select 1212 months$0.125 / kWh
4Change Energy - One Rate 1212 months$0.163 / kWh
4Change Energy - Power Maxx Saver 1212 months$0.190 / kWh
4Change Energy - Maxx Saver Select 2424 months$0.125 / kWh
4Change Energy - One Rate 2424 months$0.157 / kWh
4Change Energy - Power Maxx Saver 2424 months$0.176 / kWh
4Change Energy - Smart Thermostat 2424 months$0.147 / kWh
Frontier Utilities - Frontier Saver Max 1212 months$0.202 / kWh
Frontier Utilities - Frontier Saver Plus 1212 months$0.123 / kWh
Frontier Utilities - Frontier Saver Value 1212 months$0.180 / kWh
Gexa Energy - Gexa Eco Saver Advantage 1212 months$0.195 / kWh
Gexa Energy - Gexa Eco Saver Lite 1212 months$0.191 / kWh
Gexa Energy - Gexa Eco Saver Plus 1212 months$0.124 / kWh
Gexa Energy - Gexa Eco Saver Premium 1212 months$0.203 / kWh
Green Mountain - Pollution Free e-Plus 24 Preferred24 months$0.158 / kWh
Discount Power - Bill Credit Bundle 1212 months$0.129 / kWh
Discount Power - Wise Buy Basic 24 Online24 months$0.147 / kWh
Reliant - Reliant Basic Power 12 plan12 months$0.162 / kWh
Reliant - Reliant Conservation 12 plan12 months$0.165 / kWh
Reliant - Reliant Power Savings 12 plan12 months$0.145 / kWh
Reliant - Reliant Basic Power 24 plan24 months$0.158 / kWh
Reliant - Reliant Conservation 24 plan24 months$0.155 / kWh
Reliant - Reliant Power Savings 24 plan24 months$0.135 / kWh
Reliant - Reliant Truly Free Weekends 100% Solar 12 plan12 months$0.172 / kWh
Reliant - Reliant Truly Free Nights 100% Solar 12 plan12 months$0.178 / kWh
Cirro Energy - Smart Value 2424 months$0.129 / kWh
Cirro Energy - Smart Simple 24 Online24 months$0.153 / kWh
Direct Energy - Live Brighter 1212 months$0.200 / kWh
Direct Energy - Live Brighter 1K+ 2424 months$0.152 / kWh
Direct Energy - Live Brighter Lite 2424 months$0.149 / kWh
Direct Energy - Twelve Hour Power 1212 months$0.206 / kWh
Payless Power - Rate Lock 66 months$0.181 / kWh
Payless Power - Rate Lock 1212 months$0.183 / kWh
TXU Energy - TXU Energy Flex Forward1 months$0.203 / kWh
TXU Energy - TXU Energy Clear Deal 1212 months$0.155 / kWh
TXU Energy - TXU Energy Saver's Discount 1212 months$0.206 / kWh
TXU Energy - TXU Energy Simple Rate 1212 months$0.187 / kWh
TXU Energy - TXU Energy Clear Deal 2424 months$0.165 / kWh
TXU Energy - TXU Energy Saver's Discount 2424 months$0.218 / kWh
TXU Energy - TXU Energy Season Pass 1212 months$0.195 / kWh
TXU Energy - TXU Energy Solar Saver 1212 months$0.218 / kWh
TXU Energy - TXU Energy Solar Value 1212 months$0.165 / kWh
TXU Energy - TXU Energy Free Nights & Solar Days 12 (8 p.m.)12 months$0.195 / kWh
Flagship Power - Galleon1000 1212 months$0.131 / kWh
Flagship Power - Galleon2000 1212 months$0.232 / kWh
Flagship Power - Schooner 1212 months$0.172 / kWh
Flagship Power - Schooner 2424 months$0.170 / kWh
Flagship Power - Galleon1000 3636 months$0.128 / kWh
Flagship Power - Galleon1500 3636 months$0.228 / kWh
Flagship Power - Galleon2000 3636 months$0.229 / kWh
Flagship Power - Schooner 3636 months$0.169 / kWh
Flagship Power - Cruiser 1212 months$0.171 / kWh
Flagship Power - Weekender 1212 months$0.171 / kWh
Flagship Power - Cruiser 2424 months$0.169 / kWh
Flagship Power - Weekender 2424 months$0.169 / kWh
Flagship Power - Cruiser 3636 months$0.168 / kWh
Flagship Power - Weekender 3636 months$0.168 / kWh
Flagship Power - Windsurfer 1212 months$0.176 / kWh
Flagship Power - Windsurfer 2424 months$0.175 / kWh
Flagship Power - Windsurfer 3636 months$0.173 / kWh
Rhythm Energy - Simply Green 1313 months$0.162 / kWh
Rhythm Energy - Simply Green 1818 months$0.160 / kWh
Rhythm Energy - Simply Secure 2424 months$0.166 / kWh

These live rates for ONCOR ELECTRIC DELIVERY COMPANY service area were updated on . Pricing shown is based on an exact usage of 1000 kWh.

Lubbock Electricity Rates FAQs

Got questions about Lubbock’s transition to electric choice? Here are answers to some frequently asked questions.

The customer choice window runs from January 5 – February 15, 2024. This is when you can select a retail electric provider before the market opens.

You will be automatically assigned a default provider based on your rate class, but can still switch anytime after market opening.

Live rates will be accessible once the market is activated from January 5th, 2024. Check back on our website for real-time rate updates.

Look at all the pricing and plan details side-by-side to find the most affordable option for your needs. Be wary of gimmicky teaser rates that spike later.

Compare rates using your usage history and consider factors like contract length, fixed vs variable pricing, renewable energy, and more to find the right fit.

Our experts can guide you through the process of switching to the best value.

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