Lubbock
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Lubbock Electric Rate Map
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Lubbock Electricity Rates

Average Lubbock Electric Rates

Thad Warren By Thad Warren
Fact Checked
Kendra Aquino By Kendra Aquino

This section highlights the average Lubbock electricity rates for residential and commercial customers.

  • The lowest residential electricity rate in Lubbock is 13.57¢ ($0.1357) and the average rate is 15.14¢.
  • The lowest commercial electricity rate in Lubbock is 7.23¢ ($0.0723) and the average rate is 8.51¢.

Lubbock Electricity Plans

Current rates from energy companies in Lubbock

Provider
Plan Name
Term
Rate
OhmConnect Energy
Half-price Nights 12
12 months
13.68¢
OhmConnect Energy
TexasConnect 12
12 months
13.69¢
OhmConnect Energy
GreenConnect 12
12 months
13.79¢
OhmConnect Energy
PoolConnect 12
12 months
13.84¢
David Energy
Power Pioneer 12
12 months
13.86¢

Shopping for a business? Jump to commercial rates.

Lowest Electric Rate in Lubbock Today

Provider
Plan Name
Term
Rate
OhmConnect Energy
TexasConnect 36
36 months
13.47¢
OhmConnect Energy
Half-price Nights 24
24 months
13.55¢
OhmConnect Energy
TexasConnect 24
24 months
13.58¢
OhmConnect Energy
Half-price Nights 12
12 months
13.68¢
OhmConnect Energy
TexasConnect 12
12 months
13.69¢

What to Know About Energy Deregulation in Lubbock

In 2024, Lubbock, is set for a significant transformation in electricity supply, introducing a deregulated market that offers residents a choice in their electricity providers.

Other areas in Texas such as Dallas and Houston have been deregulated since the early 2000's. Lubbocks market will work essentially the same way. But, because this is a new idea to many of those who haven't lived in an area with deregulated electricity we put together a guide to help your through the process.

Here is a short summary of what residents in Lubbock should know about the switch.

Key Changes:

  • Deregulation Begins: From January 5, 2024, Lubbock residents can choose their electricity provider, moving away from the monopoly of Lubbock Power & Light (LP&L).
  • Shopping Window: January 5 - February 15, 2024, is the primary period to select a provider. Miss this, and you'll be assigned a default provider, often at higher rates.
  • Transition Period: From March 4 to April 2, 2024, the switch to new providers will occur, with no interruption in service. Final bills from LP&L will be issued, with new suppliers billing from April.

Shopping Process:

  • Research and Compare: Use platforms like EnergyBot to compare plans. Pay attention to the Electricity Facts Label (EFL) for details on rates, contract lengths, and fees.
  • Decision Making: Consider pricing, contract terms, renewable options, and customer service when choosing a provider.
  • Seamless Transition: After selection, the switch from LP&L to the new provider is automatic, based on meter read cycles.

LP&L Will Remain Your Utility:

  • LP&L remains responsible for the physical infrastructure, including maintenance and emergency services.

Benefits of Deregulation:

  • Consumer Empowerment: More choices can lead to competitive rates and improved services.
  • Potential Savings: Competition may drive lower rates and attractive plans.
  • Renewable Energy Options: Deregulation could introduce providers specializing in green energy.
  • Customized Plans: Providers may offer diverse plans, including fixed-rate or time-of-use, to suit different needs.

Considerations:

  • Be aware of contract details, hidden fees, and provider reputations. Understanding rate structures is crucial for cost management.

Frequently Asked Questions:

  • Electricity Choice Period: January 5 - February 15, 2024, and February 17 - March 3, 2024.
  • Opting Out: Not possible; non-selection leads to assignment to a default provider.
  • Finding the Cheapest Plan: Use online platforms to compare and choose the most suitable plan.
  • Commercial Rates: Businesses also choose providers in the same period, with resources like EnergyBot for assistance.

This shift in Lubbock's electricity market, aligning with the broader Texas trend towards deregulation, represents a significant change, offering residents more control and potentially better deals on their electricity needs.

Switch Electricity Providers in Lubbock

Finding a new electricity provider in Lubbock is simple with EnergyBot. Follow these simple steps to get the lowest electricity rate in Lubbock.

Step 1: Shop Lubbock electric companies and prices

Enter your zip code at the top of this page and you can quickly see plans from the top Lubbock electric companies. For even better pricing use our data linking tool to pull in your historic usage from your utility.

Step 2: Review the plan details

Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan details. This breaks down the most important information about the plan into a way that is easy to understand.

Step 3: Confirm the switch to a new energy provider

Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.

Types of Energy Plans in Lubbock

Lubbock energy providers offer rates and plans with a range of options and terms. While you will see many types of plans for the most part they are in two categories: fixed-rate and variable rate.

Fixed-Rate Electricity Plans in Lubbock

Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.

Variable-Rate Electricity Plans Lubbock

Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.

Lubbock Commercial Electric Rates

Rates updated daily

Provider
Term
Rate
AP Gas & Electric
1 month
4.34¢
AP Gas & Electric
1 month
4.49¢
AP Gas & Electric
3 months
5.68¢
AP Gas & Electric
1 month
5.68¢
AP Gas & Electric
3 months
5.73¢