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Tag: Electricity Providers

  • Lubbock’s Electricity Market to Open January 2024!

    This Monday Lubbock Power and Light on Monday said it has completed connecting the last 30% of electricity customers to the new network with the Electric Reliability Council of Texas. This is a historic event for the City of Lubbock and teh region.

    After 8 years, the largest migration of electrical load in state history is now complete. 100 percent of customers are connected to the ERCOT grid. It is significant to note that all conversion work was completed without a single safety incident.

    Now we can all focus on getting the best rate in the retail competitive market over the next 90 days.

    There will be a six-week shopping window from January 5 – February 15, 2024, to shop for a new provider. Then, starting in March 2024, all customers will be migrated to their chosen providers over the course of the month. Lubbock residents will get their last power bill from LP&L in March. Lubbock’s municipally owned utility will then transition to strictly being a “transmission and distribution” utility whose primary focus will be the safe and efficient delivery of power to residents and businesses.

    Electricity Lubbock TX Power

    GET THE LOWEST ELECTRICITY PRICE FOR YOUR HOME

    FIND THE BEST ELECTRIC PLAN FOR YOUR BUSINESS

    Force electricity companies to compete! Electricity providers will offer a lower price because they know they are competing for the business. This drives your price down…

    CLICK HERE TO START SAVING
    Lubbock TX City Council Vote on Electricity

    Then on Tuesday, the Lubbock City Council members approved the next step for Lubbock’s historic switch to the ERCOT grid and the competitive electric market. Now it’s time for customers to start shopping.

    Many are anxious and want to understand the process to make sure that they get the best possible electricity rate.

    Rest assured if you forget or procrastinate, you won’t be left in the dark. Customers will be assigned a default provider Lubbock has already established. And there will be opportunities to switch a new, better/cheaper electricity plan even after you are pushed to the default provider and electric rate.

  • Lubbock Electricity Market Opening Delayed

    Lubbock is getting close to opening up electric competition to force electricity companies to compete for the business of residents and local companies. The goal is to lower electricity rates and offer customers various electricity plans based on their needs. Though we’re all ready and have seen advertisements all over the place from electricity retailers, the market is not quite ready yet.

    At this time, people should be wary of front door scams because electricity companies are not yet allowed to sign up any customers in Lubbock for a new electricity plan. Nonetheless, now is a good time to start to better understand how it all works, research the process, and get a handle on how to get the lowest price on electricity in Lubbock, TX.

    Why The Delay with The Lubbock Electric Deregulation?

    Government officials and managers at Lubbock Power & Light have provided an updated timeline on when electric competition will come to Lubbock. The process has been delayed pending one final federal approval. The new timeline is based on having the last 30% percent of customers switch from the old southwest power pool to the ERCOT grid. When that final customer is converted over to ERCOT, competition can begin.

    Electricity Lubbock TX Power

    GET THE LOWEST ELECTRICITY PRICE FOR YOUR HOME

    FIND THE BEST ELECTRIC PLAN FOR YOUR BUSINESS

    Force electricity companies to compete! Electricity providers will offer a lower price because they know they are competing for the business. This drives your price down…

    CLICK HERE TO START SAVING

    When Will The Lubbock Electricity Market Open?

    The launch is expected to happen near the very end of the year, and customers can begin choosing their electric company, electricity price and plan in January 2024.

    Remember that if residential customers in Lubbock and local businesses do not choose a retailer, there are safety net providers so no one will go without electricity and power. Any customer that has not chosen a provider by the announced deadline will be randomly assigned one of a few electricity companies that have been pre-selected.