Compare Lubbock Electric Prices

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Lubbock electricity rates

In Lubbock, Texas, the electricity market is now deregulated. You can choose an electricity plan from various energy providers competing to offer affordable prices. Choose Texas Power can help you compare electricity rates, plans, and fees across many providers. Our independent marketplace streamlines the energy shopping process to help residents and businesses of Lubbock find the best electricity in Texas. 

According to the most recent data from the Energy Information Administration (EIA), the average electricity rate in Texas is 14.31 cents per kilowatt-hour (kWh), resulting in an average monthly electricity bill of $171.75. This rate is approximately 8% lower than the national average of 15.73 cents per kWh and increased 0.6% since the previous year. 

You can search and compare electricity rates in Lubbock to enroll in a cheap electric plan that fits your home or business’s needs. Enter your ZIP code to lock in cheap electricity in Lubbock.

Compare today’s Lubbock electricity rates

Gexa Energy - Gexa Eco Saver Plus 12 12 months $0.159 / kWh
Frontier Utilities - Frontier Saver Plus 24 24 months $0.159 / kWh
Frontier Utilities - Frontier Saver Plus 12 12 months $0.159 / kWh
TXU Energy - Free Nights & Solar Days 12 (8 pm) 12 months $0.189 / kWh
TXU Energy - Ultimate Summer Pass 12 12 months $0.195 / kWh
Gexa Energy - Gexa Saver Freedom 36 36 months $0.209 / kWh
Gexa Energy - Gexa Saver Freedom 24 24 months $0.219 / kWh
Frontier Utilities - Frontier Saver Value 12 12 months $0.225 / kWh
Gexa Energy - Gexa Straight Saver 12 12 months $0.239 / kWh
Frontier Utilities - Frontier Saver Premier 12 12 months $0.243 / kWh

Please note: All rates above are accurate as of 6/20/2024, 7:11:23 PM CDT for ZIP Code 79407. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Understanding energy deregulation in Lubbock

Lubbock started deregulating its electricity market in 2024. Deregulation gives you the power to choose your residential or business energy provider. With deregulation, Lubbock residents can now choose electricity providers and plans customized to their energy needs.

Here’s an overview of how electricity deregulation happened and what it means for Lubbock residents.

Deregulation timeline

  • Deregulation starts: As of Jan. 5, 2024, Lubbock Power & Light (LP&L), the local utility, is no longer the electricity provider by default. Lubbock residents now have the freedom to choose their retail electricity provider (REP).
  • Provider selection period: The main period for choosing a provider was Jan. 5 – Feb. 15, 2024. If you didn’t choose a provider, you will be automatically enrolled in a month-to-month plan from TXU Energy, Reliant Energy, and Octopus Energy. These plans may have a higher rate and are not customized to your energy usage.
  • Transition time: Between March 4 and April 2, 2024, the transition to new providers will occur without interruption. LP&L will issue the last bills during this period, and new suppliers will start billing in April.

How does deregulation benefit consumers?

  • More choices: Electricity customers in Lubbock can pick the best plan from a range of competitive prices to meet their needs. 
  • Greater savings: More competition in the electricity market can help customers find lower rates.
  • Personalized plans: Electricity providers can offer more customized plans like various fixed-rate or 100% green energy plans to fit specific customer needs.

Shop with Choose Texas Power

Use the Choose Texas Power marketplace to compare rates and plans in Lubbock and find providers offering the ideal plan for you. Before signing up for a plan, carefully review the specifics of your electricity plan to understand its terms and conditions. Every Choose Texas Power plan includes an Electricity Facts Label (EFL) detailing contract duration, average kWh rate, and delivery charges.

Lubbock electric companies

In Lubbock, you can choose between electricity rates from various Texas energy companies. Lubbock deregulation allows these companies to compete to provide affordable rates and reliable service.

Choose Texas Power can help you navigate the providers in your area, including light companies like 4Change Energy, Cirro Energy, Chariot Energy, and Reliant Energy. Our marketplace features trusted providers in Texas to help you find an affordable and dependable plan.

Lubbock utility companies

Unlike your electric provider, the utility company is set based on location in a deregulated market. The utility delivers power to homes and businesses and restores it during outages, while the provider sells electricity to customers at a retail rate. In Lubbock, the utility company is LP&L. Now that Lubbock has a deregulated market, LP&L no longer serves as an electricity provider to its customers. However, LP&L will continue to be responsible for delivering energy and managing the electric infrastructure as the city’s local utility company.

Types of Lubbock electric plans

The Choose Texas Power marketplace offers a variety of energy plans for you. Here’s an overview of common electric plan types you may encounter in Lubbock:

  1. Fixed-rate plans: Under fixed-rate plans, your electricity rate remains constant for a specific term length — usually 12 to 36 months. This type of plan provides stability and protection from price spikes. An early termination fee (ETF) may apply if you cancel before your contract ends unless you move outside the service area.
  2. No-deposit electricity plans: Many plans require a credit check or deposit before your electricity service begins. To avoid paying a deposit, look for a provider with no-deposit electricity options, such as prepaid energy plans.
  3. Time-of-use plans: Under  a time-of-use plan, rates can change based on when you use the most energy, with peak times costing more. You can save energy during off-peak hours, like late nights, weekends, holidays, and the spring and fall seasons.
  4. Renewable energy plans: All electricity plans in Texas include some renewable energy, ranging in percentages. Companies like Gexa Energy and Green Mountain Energy exclusively offer 100% green energy plans.
  5. Indexed rate plans: With indexed plans, rates change based on an energy commodity index, a metric tracking commodities like coal and natural gas. Before signing up, it is important to thoroughly research these plans to understand their rate structure.

Lubbock electric rates in my area

Retail electric rates in Texas can vary based on your location and utility company. Each utility company has different delivery and transmission fees and taxes, depending on where you live. Enter your ZIP code on our marketplace to find the most accurate rates available in Lubbock.

Green energy plans in Lubbock

Texas is a national leader in green energy generation. It holds the top position in wind energy production and ranks second for solar power generation. As a result, all electricity plans in the Lone Star State include a portion of renewable energy. Lubbock electricity companies often provide competitive rates for green energy, making it a common and accessible option. To determine the amount of green energy in a Lubbock electricity plan, read the Electricity Facts Label (EFL).

Are you moving to Lubbock?

Lubbock is one of the fastest-growing cities in the state and is home to Texas Tech University and several other colleges. Whether you are moving to Lubbock or switching electric providers, Choose Texas Power is here to help you find the energy provider and plan. Enter your ZIP code to explore Lubbock electricity rates.

Lubbock energy FAQs

What is a good electricity plan in Lubbock?

A good electricity plan in Lubbock, Texas, depends on individual preferences and market conditions. If you want stable rates, choose a provider with fixed-rate plans. For flexibility to switch plans, go for a variable-rate option. The Choose Texas Power marketplace can help you compare and find providers offering you the best plan and rate.

Which provider has the cheapest electricity rates in Lubbock?

Providers in Lubbock currently offering the cheapest electricity rates include Gexa Energy and Frontier Utilities. Electricity rates can change frequently. Check your ZIP code on the Choose Texas Power marketplace for the latest price updates.

What is a good price per kWh?

The current average electricity rate in Texas is 14.31 cents per kWh. Rates can vary depending on location, usage, contract term, and other considerations. To find the best price for your needs, compare rates from different providers. Consider factors like contract types and terms, fees, and renewable energy options.

How can I lower my electricity bill in Lubbock?

Your electricity bill could be high due to your electricity rate. Consider switching plans or providers to find a better price. Some energy suppliers allow you to switch to a different plan without extra fees. When considering a switch, carefully review your new contract to secure a better rate. You can lower your electricity bill in Lubbock in several other ways. Consider upgrading to energy-efficient appliances, using a smart thermostat, insulating your home, and turning off lights in unused rooms.

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