One of the worst things an electricity end-user, whether a business or residential customer, can do in Lubbock is to not pick a plan and get dumped with a Default REP come October or November 2023.
Regulated markets allow for only one Retail Electricity Provider and utility company. When deregulation happens, you will either have to choose a Retail Electricity Provider or one will be chosen for you. There are more than 100 REPs operating in the Texas market. LP&L will still provide utility related services, but you are free to pick your own Retail Electricity Provider.
We work with Retail Electricity Providers who offer the best value and lowest electricity rates. We put our knowledge and experience to good use, helping you save money.
Working with an established and reputable energy manager or electricity broker such as Spike Energy can also help end-users navigate the complexities of the deregulated market and choose the best plan for their needs.
End-users should avoid getting stuck on a month-to-month DUMP rate by selecting a plan that fits their needs during the shopping window.
End-users should put their bills on autopay with their new provider to decrease the likelihood bills will be paid late. Late fees can zero out potential electricity savings quickly.
DEREGULATED:
- Electricity Supply (the actual electricity itself)
-Related costs for purchase of that electricity
REGULATED:
- Costs to install meters
- Cost to run wires
- Meter reading fees
- Costs to transport and deliver electricity
Saad Qureshi is the founder and CEO of Spike Energy, an energy broker that has been operating in Texas for the past 18 years. Saad is a proud graduate of Texas A&M University, where he developed a passion for entrepreneurship.
Over the years, Spike Energy has experienced remarkable growth, going from serving just one customer to a couple of thousand over the years. A testament to the quality of service by the company is that traditionally 99% of Spike’s new customers have come from referrals from existing happy customers.
