Lubbock Deregulation

Empower Your Energy Future

Choose E-Volve for Unbeatable Expertise in Lubbock’s new Deregulated Market!

Currently, electricity in Lubbock is regulated.  LP&L is the sole electricity provider and transmission utility for Lubbock residents and business owners.   

In Fall 2023, that is changing! The electricity market in Lubbock will be deregulating and open for competition. You will be able to shop multiple Retail Electric Providers for prices and product structures that have not been available until now.  LP&L will continue to ensure electricity is delivered safely and dependably to your location. 

So, what does this mean for electricity in Lubbock? More options, competitive pricing, and customized contract terms! With multiple providers to choose from, you’ll have the opportunity to find electricity plans tailored to your lifestyle and business operations, helping you save on electricity costs and escape one-size-fits-all electricity pricing. During this transition, business owners in particular will find themselves navigating unfamiliar territory. Hiring an experienced energy consultant can be crucial to ensuring a smooth and successful transition. 

To choose the right REP, business owners must consider factors such as contract length, rate stability, and any value-added services that may benefit your business.  Researching and comparing energy providers can be time-consuming and overwhelming. Hiring a consultant saves business owners time and effort by handling the analysis and negotiations, ultimately helping them secure the best possible rates and plans, which can lead to significant cost savings!

Deregulation also means more opportunities to support renewable energy! Beyond procurement, E-Volve Energy is committed to helping your business reduce its environmental impact. Our consultants can identify energy efficiency opportunities and recommend renewable energy solutions that not only lower your energy costs but also contribute to a cleaner, greener future.

Worried about the transition? Don’t be! Switching to a new REP is seamless, with no disruption to your electricity service. The only difference you’ll notice is a new provider on your energy bill. At E-Volve Energy, we understand that each business is unique. Our consultants work closely with you to develop customized energy plans that align with your goals, budget, and sustainability initiatives, whether you’re looking for fixed-rate contracts or green energy options. 

Embrace Lubbock’s deregulated energy market and take control of your business’s energy future! Explore your options, save money, and support a cleaner environment. The power is in your hands!

Important Updates:

 

1. FERC Approval Finalized
We are pleased to announce that the Federal Energy Regulatory Commission (FERC) has approved LP&L’s transition plan, marking a significant milestone in the journey towards deregulation.
2. Transition Timeline
The transition of the remaining 30% of LP&L customers to ERCOT is scheduled to take place during the week of December 11, 2023.
3. ESID Release
ESIDs (Electric Service Identifiers) are crucial for your participation in the deregulated market. We are delighted to inform you that ESIDs are currently being released to ERCOT in small batches. This is a significant development as it allows us to begin pricing and contract negotiation once your ESID is released. You don’t have to do anything, we will look your ESID up for you and begin the process when yours becomes available.
4. Contracting Period
Starting on January 5, 2024, and concluding on February 15, 2024, at 7:00 pm, a contracting period will be in effect. During this time, customers are encouraged to submit their electricity contracts.
5. Provider of Last Resort
After 7:00 pm on February 15, 2024, customers who have not submitted a contract will be assigned to a Provider of Last Resort (default provider), resulting in potentially higher rates.  Contracts can still be executed, but customers who miss the deadline will be with the default provider for at least one day.
6. Contract Start Date
Contracts will start on the “First meter read on or after March 4, 2024.” This means that your service will transfer to your new provider on the date that LP&L reads your meter between March 4, 2023 and April 3, 2023. ***Contracts signed after the February 15th deadline must be submitted with a Monthly Meter Read Date +1 (MMRD+1) contract start, or begin on the “first meter read on or after April 3, 2024.”
7. “Go Live” Date
Contracts will “Go Live” starting from March 4, 2024, through April 3, 2024.
8. Standard TDU LOA Form
The standard Transmission and Delivery Utility (TDU) Letter of Authorization (LOA) form will go into effect AFTER April 3, 2024. We will send this form to our customers to sign along with the initial electricity contract during the contracting period.

Invoice Submission
For customers who have not yet sent their invoices, now is the time to go ahead and send them in or contact us to arrange for pick-up. This proactive step will help prevent any issues during the contracting period when everyone will be seeking Historical Usage Data.

 

Why Choose E-Volve?

CUSTOMER ADVOCACY

As Lubbock transitions to a deregulated energy market, business owners may feel overwhelmed by the multitude of choices and new challenges. That’s where E-Volve Energy comes in! E-Volve energy is a true customer advocate and we are on your side. We will help businesses navigate this new landscape and not only survive, but THRIVE in the new deregulated market. 

COMPREHENSIVE ENERGY SOLUTIONS

E-Volve Energy is dedicated to providing comprehensive energy solutions tailored to your business’s unique needs. From electricity procurement and self-generation energy options to energy efficiency, demand response programs, and 4CP Management, E-Volve Energy ensures your business has the tools it needs to succeed in the new market.

EXPERT MARKET ANALYSIS

Our experienced consultants at E-Volve Energy closely monitor the deregulated energy market, providing expert analysis to help you make informed decisions. We ensure that your business benefits from the most competitive rates and contract terms, enabling cost savings and long-term planning and growth. West Texas is extremely unique in every way, that is no different when it comes to the electricity market. E-Volve Energy has experience all over Texas including extensive experience in the volatile West Texas Market. Combined, our team of experts have 100+ years experience in energy conservation, retail power procurement, solar, and other energy technologies. 

CUSTOMIZED ENERGY PLANS

At E-Volve Energy, we understand that each business is unique. Our consultants work closely with you to develop customized energy plans that align with your goals, budget, and sustainability initiatives.  Whether you’re looking for fixed-rate contracts or self-generation energy options, E-volve is here to help you understand your options and plan for not only today, but the future of tomorrow.  

RISK MANAGEMENT AND MARKET INTELLIGENCE

E-Volve Energy helps mitigate risks by providing market intelligence and forecasting, allowing your business to make strategic decisions and protect itself from market volatility. Electricity is a commodity market and the price of a commodity cannot be controlled. Controlling your SPEND and managing risk is the name of the game. It is essential to know what technologies are out there, what is coming into the market, and which are cost-competitive with grid electricity. This understanding of technologies, along with knowing how to control usage and knowledge of the commodity market, all combine to ultimately have an impact on managing your overall spend. 

ENERGY EFFICIENCY AND SUSTAINABILITY

E-Volve Energy is committed to helping your business reduce its environmental impact. Our consultants can identify renewable self-generation and energy efficiency opportunities that not only lower your energy costs but also contribute to a cleaner, more sustainable future.

ONGOING SUPPORT AND PARTNERSHIP

Our relationship with your business doesn’t end once a plan is in place. E-Volve Energy provides ongoing support and market monitoring, ensuring your energy strategy remains optimal and adapts to any changes in the market.

 E-Volve Energy is the ideal partner for businesses in Lubbock during the transition to a deregulated energy market. We empower businesses with customized solutions, expert market analysis, risk management, energy efficiency, and ongoing support. Together, we’ll help your business thrive in this new energy landscape.

Speak with a Team Member Today