Lubbock Power and Light
Compare Lubbock Electricity Rates and Learn About Deregulation
Lubbock Power & Light (LP&L) has been generating power, transporting it to customers, and sending them their bills since 1916, over 100 years. But on January 5th, 2024, that era will come to an end as LP&L will be taking a step back as deregulation comes to Lubbock. In a huge change for how things have operated for over a century, LP&L will no longer be responsible for setting rates and billing customers.
What does Electric Choice Mean for Lubbock?
For customers in Lubbock, they will now have the power to choose their own electricity provider. What does that mean, exactly? Well, customers will have the opportunity to shop for electricity from online websites like ours, Texas Electricity Ratings, and pick from different providers that offer different plans with different lates, and different lengths of term. Those providers will then bill customers, as well as potentially offer other perks like rewards, bill credits, and different kinds of account management.
Lubbock Power & Light takes a step back from being the front facing contact point for customers bills. However, they will remain the company responsible for maintaining the power lines in Lubbock, installing new meters on homes and businesses, checking meters every month, and all of the tasks responsible for effectively delivering electricity to customers without a hitch.
About 30-40% of your Lubbock electricity bill will be fees charged by Lubbock Power and Light
Lubbock Power and Light Fee schedule (Estimated)
Charge/Fee |
Type |
Amount |
Description |
Energy Efficiency Cost Recovery Factor (EECRF) |
per kWh Usage |
$0.000766 |
Charge for the TDU’s cost recovery of energy efficiency programs |
Distribution System Charge |
per kWh Usage |
$0.01858 |
Charge for electricity distribution (local electric wiring) |
Transition Charges (Schedule TC1) |
per kWh Usage |
$0.00000 |
Charges assessed by a TDU for the costs associated with the transition to a competitive, deregulated market |
Nuclear Decommissioning Charge |
per kWh Usage |
$0.00017 |
A fee that covers the cost of safely removing a nuclear generation facility from service |
Transmission Cost Recovery Factor (Rider TCRF) |
per kWh Usage |
$0.016932 |
A fee (or credit) that accounts for changes in wholesale transmission rates without the need of a TDU rate case |
Rate Case Expenses Surcharges (Rider RCE, RCE2, RCE3) |
per kWh Usage |
$0.000049 |
Charges that allow the TDU to recover expenses associated with rate cases |
Total Charges |
per kWh Usage |
$.036957 |
|
Important Dates to Know
January 5th - February 15th, 2024: Customers will have almost 6 weeks, from January 5th to February 15th to shop for a new electricity plan and retail electricity providers. Customers can shop using comparison websites like TexasElectricityRatings.com to research, compare, and order a great electricity plan for their home.
March 4th - April 2nd, 2024: During this time period, Lubbock Power & Light will transition customers from their service to the electricity company they selected during the shopping window of Jan 5th-February 15th. The transition will take place on the customer’s meter read during that time period, and then they will start receiving bills from their new electricity provider.
What Happens If I’m Moving To Lubbock in February of 2023?
So, we have established that there is a window to choose your deregulated electricity provider from January 5th, 2024 to February 15th, 2024, and that your new provider will take over sometime in March 2024. But what happens if you’re moving to Lubbock in January and need electricity before March? In that confusing time period, the answer is that you’ll have to do this process twice. First, you’ll call and sign up for power with Lubbock Power & Light and select a start date. Hopefully your service will be on shortly. Second, at the same time, you should select a new deregulated electricity partner that will take over your billing in March. Then, come march, your service will naturally transition to your new electricity provider from LP&L.
Shopping For Electricity in Lubbock
People always have different priorities when shopping in a deregulated electricity market. For most, the motivation is the cheapest plan possible to fit their lifestyles. But other folks want to prioritize 100% green/renewable energy, some want a plan that works with charging their electric vehicle, and some folks might be looking for the best customer service. The good news is that Texas Electricity Ratings offers plans that fit everyone’s personal needs. We offer thousands of customer reviews for all of the electricity companies that will be offering service in Lubbock, and it’s a great place to research for people who might be unfamiliar with them because they’ve never lived in a deregulated area of Texas. After the research, and figuring out what they want, customers can simply input a zip code and see the plans and rates that are available in their area.
Commercial Electricity in Lubbock
Commercial Electricity will deregulate in Lubbock in early 2024, around the same time as residential electricity choice comes online. The process will be similar, and low usage businesses (think small restaurants or retail shops, not chemical refineries or concert venues) can shop online for the new rates themselves, just like residential.
Benefits of Joining ERCOT
So why did Lubbock decide to join ERCOT and introduce electric choice to its citizens? There’s lots of reasons. First, as Lubbock grows, it eliminates the need for the costly construction of new electric generation plants for Lubbock. Instead, they’ll be connected to the ERCOT grid and can leverage all of that supply generation. A side product of this is that it gives Lubbock access to all the wind and solar power resources that are right down the street. But most importantly, it should allow Texans living in the Lubbock Power and Light footprint to access lower electricity costs that benefit from companies competing to win their business.
Frequently Asked Questions
- Question: When can I shop for a new provider?
- Answer: The window for shopping for a new provider starts on January 5th, 2024 and ends on February 15th, 2024.
- Question: When will my new service start?
- Answer: Sometime between March 4th, 2023 and April 2nd, 2024, someone at LP&L will read your meter. At that point your service will be switched to your new provider, and they will start billing you for electricity service.
- Question: I've switched providers, now what do I do?
- Answer: Nothing. ERCOT and your new electric company will sort out the details and switch you over. You can relax while they take it from here.
- Question: I have a deposit with LP&L (Lubbock Power & Light), what happens to it
- Answer: Assuming you're up to date on your bill, your deposit will be returned to you with your final invoice.
- Question: Can I keep Lubbock Power & Light as my electricity company?
- Answer: No, you cannot keep LP&L. While they will still service your power lines and fix any outages, you will have to select a new provider or be placed on a plan with the Provider of Last Resort (POLR). If you don't switch yourself, you will be switched automatically.
- Question: What's the cheapest electricity plan in Lubbock?
- Answer: This is the most popular question we get in regards to Texas electricity, and it's rarely an easy answer. The reason for that is that different plans work best for different lifestyles. A good plan for someone in an apartment isn't usually a good plan for someone in a big house with a heated swimming pool. The best way to find the cheapest plan is to understand your usage, pop your zip code into our handy location tool, and sort the electricity plans it returns based on your usage. You can start that process below.