Spike Energy

We lower energy bills with a smile!

Lubbock electricity consumers will soon have the ability to shop around for a Retail Electricity Provider (REP) in the private electricity market.
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Electricity Competition (Deregulation/Privatization) is coming to Lubbock, Texas


Electricity deregulation is expected to enable electricity consumers to lower their current LP&L electricity bills by up to 30%. As a result, residents and businesses in Lubbock can look forward to more affordable energy options and the potential for significant savings on their electricity bills.

don't let them pick for you

Don’t Get DUMPED With A REP

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.

What is the difference?

Regulated Market vs. Deregulated Market

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.

so how do we get the price

Spike Energy Is Here to Help You Make The Right Choice!

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.

How Can Spike Help You Benefit From A Deregulated Market?

We Help You Choose A Provider

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.

We Make Sure You Don't Get Dumped

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.

We Help With Automating Your Bills

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 energy markets

What is Actually Getting Privatized?

- Electricity Supply (the actual electricity itself)
-Related costs for purchase of that electricity

- Costs to install meters
- Cost to run wires
- Meter reading fees
- Costs to transport and deliver electricity

Meet our founder

Saad Qureshi

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.

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