Enter your zip code to compare Lubbock electricity rates and electric companies.
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By Thad Warren
In April of 2024 Lubbock completed the transition to a competitive retail electricity market. 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.
Lubbock, Texas is a vibrant city with a population of over 258,000 residents and is known for its rich cultural heritage and strong agricultural and educational sectors. Starting in January 2024, Lubbock became a deregulated energy market. This deregulation allows residents and businesses in Lubbock the freedom to explore various electricity plans and choose the Retail Electricity Provider (REP) that best suits their needs.
With many electric companies in Lubbock to choose from, finding the most cost-effective rate can be challenging. It's important to be aware that some suppliers may offer confusing terms, teaser rates, and hidden fees that can significantly increase your electricity bill.
EnergyBot is designed to help you compare Lubbock electric companies easily and get the best rate. We provide a simple electricity marketplace where you can browse Lubbock energy companies and providers and connect to your utility data to get the lowest rate and estimate your future bills.
Each type of home has it's own unique energy footprint. The size of your home and your energy usage habits will be a big factor in the rate you end up paying.
Here are the best plans for the various types of homes in Lubbock:
The deregulated energy market in Lubbock means you can choose from various electricity providers. EnergyBot simplifies the process of finding the best electricity rate for your home or business with our easy-to-use provider comparison platform. We only feature plans from trustworthy, no-gimmicks Texas electric companies including:
Plan Name |
Term |
Rate |
|---|---|---|
APG&E - EnergyBot 6 |
6 months |
11.81¢ |
Think Energy - Think Basic 8 |
8 months |
12.09¢ |
APG&E - EnergyBot 8 |
8 months |
12.70¢ |
Rhythm Energy - Simply Select 6 |
6 months |
12.92¢ |
Think Energy - Think Clean 12 |
12 months |
13.20¢ |
Varsity Energy - CHAMP 12 |
12 months |
13.31¢ |
BKV - Verbena 12 |
12 months |
13.32¢ |
BKV - Verbena 36 |
36 months |
13.38¢ |
Finding a new electricity provider in Lubbock is simple with EnergyBot. Follow these easy steps to get the lowest electricity rate in Lubbock.
The amount of electricity you use will be one of the main factors that determines your electricity rate. The most accurate way to compare plans is to see the rate structure applied to your usage.
This used to be time-consuming, but with EnergyBot this takes about 10 seconds. Just enter your address and we will be able to retrieve your usage from your utility for the most accurate energy bill forecasts possible.
Once you have connected your utility you will be able to compare plans from the top rated energy providers with full bill estimates. Allowing you to see your future electric bills before you buy.
After you've found the perfect plan you can complete the enrollment online. Confirm a few pieces of information and our team will work out the details with your new provider. The process is seamless and you won't lose power.
If you’re moving toLubbock, you'll need to set up your own electricity service due to the city's deregulated energy market. It's helpful to have some past usage data for your new home to ensure you choose the right plan. If you can't get that, estimating your own electricity usage works too. Just enter your ZIP code to start comparing providers and plans to find the best fit for your needs.
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 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 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.
|
Provider
|
Term
|
Rate
|
|---|---|---|
|
|
1 month
|
4.98¢
|
|
|
1 month
|
5.01¢
|
|
|
6 months
|
5.89¢
|
|
|
6 months
|
5.92¢
|
|
6 months
|
6.03¢
|
EnergyBot.com is an energy marketplace based out of Dallas, Texas that enables consumers in states with deregulated energy markets to find the best electricity plan for their home or business. We’re on a mission to revolutionize the way you buy electricity and make energy decisions. You can learn more about us here.
EnergyBot is free to use. When you select an electricity plan or decide to purchase solar we receive a small referral from providers if you decide to purchase one of their products.
No, there are other utilities and co-ops that serve the Dallas-Fort Worth metro area, but Oncor is by far the largest utility in North Texas.
An Electricity Facts Label (EFL) provides details about a specific electricity plan so consumers can easily compare offers from different electricity providers, much like a nutrition label on food allows consumers to compare food choices. EFLs are required for all residential plans in Texas. Some other states in deregulated areas may have some form of EFL as well.
The purpose of an EFL is to provide transparency, ensuring consumers have the necessary information to make informed decisions about their current electricity provider, and plan. Always check the EFL to understand the full details of what you're signing up for.
An Energy Provider or Retail Energy Provider (REP) is a company that purchases wholesale electricity from electricity generators and sells it to consumers. They often offer various plans and rates. In deregulated markets, consumers have the freedom to choose their energy provider from among multiple companies.
A Utility or Transmission and Distribution Service Provider (TDSP), owns and operates the infrastructure that delivers electricity from generation facilities to the end consumer's location (homes, businesses, etc.). Utilities maintain the power lines, transformers, and meters. They are also responsible for restoring power during any power outages too. While you can choose your energy provider in a deregulated market, you cannot choose your utility as it is determined by your geographical location.
The best way to report a power outage, downed line, streetlight outage, or other similar issues is to use their online portal. If you have a different type of question or general inquery you can call them directly at 888-313-6862.
In April of 2024 Lubbock completed the transition to a competitive retail electricity market. Here is a timeline of the transition:
No there is no way to opt out of the competitve market. If you do not choose a provider a provider will be assigned to you. These providers will typically put you on a higher than market rate, so it's important that you take the time to find a provider.
You are in the right spot. To find the best electricity plan for your home or business in Lubbock simply enter your zipcode here. We'll use your energy usage from LP&L to match you with the lowest cost plan in Lubbock.
We have helped over 100,000 shoppers find affordable electricity rates and plans for their homes or business. And we are pretty darn good at it, with over 1,000 5-Star reviews we know how to help you stay powered up.
"We help people make better energy decisions" – that's not just our tagline, it's our lifeblood. We're all about empowering you to take control of your energy costs and efficiency. Whether that means cutting your electric bill, going green, or both, we’re here to help.
We aren't here to sell you something. We are here to help you make the best energy decision for your home or business.
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