Lubbock electricity rates
Thanks to energy deregulation, many residents across Texas have had the power to choose their electricity provider since 2002. However, not every part of the Lone Star State has adopted this approach. Lubbock, a city in northwest Texas, is one of the most recent to accept deregulation, and most residents will be able to choose their own plan and provider by mid- to late-2023.
If you live in Lubbock or plan to move there, it’s time to get in the habit of checking electricity rates so you can find the best plan to suit your needs. SaveOnEnergy makes this process smooth and painless. Read our guide to Lubbock electricity rates to learn more.
How to find the best electricity rates in Lubbock
Electricity rates are based on energy demand, and this fluctuates throughout the year. Lubbock electricity providers will adjust their rates as demand changes. The SaveOnEnergy marketplace can help you stay on top of these fluctuations to find the best electricity rates in Lubbock at any time of year. Here’s how it works:
- Enter your ZIP code. Get started by exploring the SaveOnEnergy marketplace to find the best electricity rates in your area. You can further filter your results by plan type to find the best fit.
- Select your plan. Once you find a plan that’s right for you, you can easily sign up online or call one of our energy experts at the number on your screen to complete the process.
- Relax and enjoy your new service. Your new electricity provider will handle all setup and transfer logistics. You won’t need to worry about interruption to your service — the transition will be smooth and easy.
Cheap energy prices in Lubbock
Energy rates fluctuate throughout the year in Texas as seasonal weather impacts demand. Below, you’ll see a chart showing the typical electricity prices in Texas, based on data from the Energy Information Administration.
As indicated in the chart, rates change quite a bit from season to season, which is where SaveOnEnergy comes in. We can help you secure cheap electricity in Lubbock, no matter the time of year.
Energy providers and utility companies in Lubbock
In a deregulated market, your energy provider (also called your electricity or power company) and your utility play different roles in providing your electricity. The utility company delivers power to homes and businesses in Lubbock. It also maintains the electrical infrastructure and restores power during outages. You can’t choose your utility company, as it’s based on where you live. Electricity providers, on the other hand, generate your power and sell it to you. They manage the details of your account, such as billing and usage. In Lubbock, you will have the power to choose your provider sometime in 2023.
- Utility company: In Lubbock, your utility company is Lubbock Power & Light.
- Electricity providers: Lubbock residents will soon have several energy providers to choose from by the end of 2023.
Power outages in Lubbock
If your power goes out in Lubbock, be sure to call Lubbock Power & Light, not your energy provider, to restore your power. Visit here to report your power outage online.
Electricity rates in my area
In Texas, electricity rates can vary from town to town due to differences in the rates utility companies charge to transmit power. Your rates for a given plan may not be the same as someone in a nearby area, so it’s always important to check electricity rates in your area to be sure you’re getting accurate information.
Once Lubbock is deregulated, it will be easy to compare electric rates in Lubbock with SaveOnEnergy. Simply enter your ZIP code to see rates in your area and choose a plan.
How weather affects Lubbock electricity rates
The weather has a significant impact on energy usage, and that means electricity demand can change throughout the year. In Lubbock, summer temperatures reach into the 90s, and winter sees temperatures drop below freezing regularly. That means electricity rates tend to be higher during those seasons than they are during milder times of the year.
To get the best electricity rates in Lubbock, it’s best to buy a plan during spring or fall when demand is lower. This is also a great time to switch plans if you’re not under contract. Keep in mind, though, that if you do terminate a contract early, you may have to pay an early termination fee (ETF) if you have a fixed-rate plan.
Types of plans in Lubbock
Lubbock residents will be able to choose from several different types of plans to meet their energy needs. Read our complete guide to picking a plan, and if you have further questions, call the number on your screen for more information on plan options.
Fixed-rate plans in Lubbock
Fixed-rate plans are ideal if you prefer predictability and consistency. With this option, you’ll sign a contract for 12–36 months, during which time your rates will stay the same. The only downside is that you’ll face an ETF if you cancel your plan before the contract ends.
Variable-rate plans in Lubbock
Variable-rate plans are a good short-term solution. They come with no contract or long-term commitment, so you can switch anytime. Your rates can change in this type of arrangement, and that means they could go up or down depending on the market.
No-deposit plans in Lubbock
Electricity providers typically require a credit check before you begin service. If your score doesn’t meet a certain threshold, they may ask for a deposit. No-deposit plans allow you to avoid the credit check and pay for your electrical service upfront each month.
Green electricity in Lubbock
Texas is one of the leading producers of green energy in the U.S. It ranks at the top of the list in wind power production and second in solar energy. Because there is so much renewable energy available in the Lone Star State, every electricity plan includes at least a portion of green energy. You can find out how much your plan includes by reading its Electricity Facts Label (EFL). Several providers in Texas offer plans featuring 100% green energy.
Business energy plans in Lubbock
Lubbock residents aren’t the only ones that benefit from energy deregulation — businesses can also compare rates and choose their own energy plans. Visit our business energy hub to learn more and find a plan that fits your business’s needs.
Calculate your energy usage in Lubbock
Knowing your energy usage habits can help you decide what type of plans and electricity rates are right for you. Use our energy calculator to find out your typical usage so you can make an informed decision.