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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.
- 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.
Table of Contents
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.
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.
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
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.
Support You Can Count On
Questions? Our local experts can help you navigate options and find the best electricity plan. Reach out to us.
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