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Average Electric Bill in Lubbock, TX: Compare Rates & Save

Average Electric Bill in Lubbock, TX: Compare Rates & Save

Discover the average electric bill in Lubbock, TX, compare rates, and learn money-saving tips.
Written By:
Kendra Aquino
5
min read
Last Edited By:
Thad Warren
On:
August 26, 2024

When it comes to electric bills in Lubbock, TX, residents might be surprised by how much they're paying. The average electric bill here clocks in at around $233 per month for a 2,000 sq. ft. home, with electricity rates averaging 11.67 cents per kWh.

While these numbers may seem high, they tell only part of the story. Lubbock's electricity costs can change based on several factors, from the size of your home to your energy habits and even the weather.

What’s the Average Electric Bill in Lubbock, TX?

If you’re new to Lubbock or curious about local electricity costs, understanding the average electric bill is key. Based on data from the U.S. Energy Information Administration, the typical household in Lubbock uses about 1,000 kWh per month, leading to an average bill of approximately $117. 

However, depending on factors like home size, insulation, and appliance efficiency, your bill could vary significantly. For instance, larger homes or those with older appliances could see bills well above average, especially during Texas summer months when air conditioning is a must.

Factors That Affect Your Electric Bill in Lubbock

Electricity costs in Lubbock are influenced by several factors:

  • Home Size and Insulation: Larger homes naturally use more energy, but insulation quality also plays into the equation. Well-insulated homes retain heat in the winter and stay cooler in the summer, reducing the need for heating and cooling.
  • Appliance Efficiency: Older appliances usually consume more electricity than newer energy-efficient models. Upgrading to ENERGY STAR® certified appliances can lead to savings over time.
  • Seasonal Changes: Lubbock experiences extreme temperatures, with extremely hot summers and cold winters. During the hottest months, air conditioning units can drive up your electric bill, and heating costs can spike in the winter.

Estimating Your Electric Bill Based on Home Size

One way to estimate your electric bill is by considering the size of your home. In Lubbock, a general rule of thumb is that homes use around 1,000 kWh per month for every 1,000 square feet. 

For example, if you live in a 2,000 sq. ft. house, you can expect an average monthly bill of about $233 at today’s rate. Of course, this is just an estimate—energy-efficient homes or those with modern appliances might use less energy, while older homes could use more.

Your electricity plan also plays a role in determining your costs. Fixed-rate plans offer price stability, but variable-rate plans can fluctuate with the market, potentially leading to higher bills during peak seasons.

How to Compare Electricity Providers and Plans in Lubbock

Since Lubbock transitioned to a deregulated electricity market in January 2024, residents now have the freedom to choose their electricity provider. Here’s what you need to know about comparing electricity plans in Lubbock:

  • Fixed-Rate Plans: These plans lock in a consistent price per kWh for the duration of your contract, providing predictability and peace of mind. If you prefer a stable, predictable bill each month, a fixed-rate plan might be the best choice.
  • Variable-Rate Plans: These plans offer more flexibility, with electric rates that can change based on market conditions. While they may appear to be cheaper than fixed-rate plans, they carry the risk of price spikes, particularly during high-demand periods.

When comparing plans, it’s important to look at more than just the price per kWh. Take note of the contract length, cancellation fees, and any added perks or incentives that might make one plan more attractive than another.

Understanding Lubbock’s Electricity Market Transition

Lubbock’s shift to a deregulated electricity market in January 2024 was a significant change for the city. This transition is an important milestone, allowing residential customers the freedom to shop for the best electricity rates. If you didn’t choose a provider during the initial shopping periods in early 2024, you may have been automatically enrolled in the "Provider of Last Resort" (POLR) service, which often comes with higher rates.

It’s crucial to explore your options and find a plan that works for you to avoid paying more than necessary. With EnergyBot’s free price comparison tool, you can find the lowest electric rates and enroll in the best plan in minutes.

Tips for Reducing Your Electric Bill in Lubbock

Here are some practical tips to help you save energy and money:

  • Adopt Energy-Efficient Habits: Simple changes like turning off lights when not in use, washing clothes in cold water, and running appliances during off-peak hours can make a noticeable difference in your bill.
  • Adjust Your Thermostat: In the summer, set your thermostat to 78°F or higher when you’re home, and in the winter, aim for 68°F. Investing in a programmable or smart thermostat can help you maintain these settings without a second thought.
  • Weatherize Your Home: Sealing air leaks, upgrading insulation, and installing energy-efficient windows can significantly reduce your heating and cooling costs. Many electricity providers offer free or discounted energy audits to help identify areas for improvement in your home.
  • Take Advantage of Discounts and Incentives: Some electric companies offer rebates for energy-efficient upgrades, discounts for paperless billing or automatic payments, and rewards programs that give you cash back for reducing your usage during peak times. Make sure to ask about these options when choosing a provider.

By combining these strategies, you can take control of your energy costs and see big savings each year. 

FAQs About Lubbock Electricity

How difficult is it to switch electricity providers in Lubbock?

Switching energy providers is usually straightforward. Once you choose a plan, your new provider handles the transition, including notifying your old provider. Most switches happen without service interruption, and the entire process should only take a few days.

Are all electricity providers the same?

While all providers use the same transmission lines, there can be significant differences in pricing, plan options, and customer service. It’s worth shopping around to find the provider that best meets your needs.

How can I better understand my electricity bill?

Your bill includes several components: the energy charge (based on your kWh usage), transmission and distribution fees, and various taxes. Take a close look at each of these charges—understanding what you’re paying for can help you spot patterns and better manage your usage.

What is the average electric bill for a 2-person household in Texas?

The average electric bill for a 2-person household in Texas is approximately $120 to $150 per month, depending on factors like home size, energy usage, and your plan’s specific electricity rate. 

What is the cheapest energy provider in Lubbock, Texas?

The cheapest energy provider in Lubbock, Texas, can vary based on current rates and available plans. Since Lubbock became deregulated in January 2024, residents can now compare providers and plans to find the best deals. It’s a good idea to regularly compare rates to secure the lowest possible price.

How much do utilities cost per month in Lubbock, TX?

On average, utilities in Lubbock, TX, cost around $300 to $350 per month. This typically includes electricity, water, heating, cooling, and garbage services. The exact cost can vary depending on home size, energy efficiency, and usage habits.

How much is the water bill in Lubbock, Texas?

The average water bill in Lubbock, Texas, is about $35 to $50 per month for a standard household. This can fluctuate based on water usage, the number of occupants, and any additional fees or services included in the bill.