Posts by ProSource Power
What is Energy Deregulation? When is it Coming to Lubbock, Texas?
Deregulation refers to the removal of restrictions in an industry, be it banking, aviation, or telecommunications. When it comes to energy, this takes the form of energy deregulation, or ‘electricity and natural gas choice.’ This simply means that you, as a residential customer, have the power to select your own energy provider, thereby giving you…
Read MoreWho Are The Major Energy Broker Serving Lubbock?
Brief Recap of Energy Deregulation Energy deregulation is a significant shift in the electricity market that removes restrictions and opens the industry to competition. This means consumers, for the first time, have the freedom to choose their electricity provider. In Lubbock, Texas, energy deregulation is expected to roll out in early 2024, transforming the way…
Read MoreWho is LP&L? – A Complete Guide to Lubbock’s Power Supplier
Who is LP&L? A Brief Overview Lubbock Power & Light, often referred to as LP&L, is a municipally owned electric utility company serving Lubbock, Texas. Established in 1917, it has grown to be one of the largest municipal electric utilities in the United States, providing low-cost, reliable electric service to over 62,000 customers in Lubbock.…
Read MoreHow Much Do Businesses in Texas Save with Deregulated Electric Rates?
Introduction Texas, a state known for its vast landscapes and diverse energy resources, embarked on a unique journey in the realm of power distribution when it decided to deregulate its electricity market in the late 20th century. This change in approach has reshaped the way Texans interact with and consume energy, fundamentally altering the dynamics…
Read MoreOur Response to the June 27, 2023 Letter from Joel Ivy
June 28, 2023 Dear Lubbock Residents, As we continue to steer towards energy deregulation, we’re witnessing historic strides by Lubbock Power and Light (LP&L). While their initial timeline proposed a go-live date in October following a tentative customer shopping window in August, the final federal approval that was expected on April 23 has been…
Read MoreFederal Regulatory Holdup Could Stall Lubbock Power & Light’s Shift to Retail Electric Choice
June 23, 2023 Lubbock Power & Light (LP&L) and the Electric Reliability Council of Texas (ERCOT) might be forced to postpone the projected integration of LP&L into the retail competition market due to a recent decision by the Federal Energy Regulatory Commission (FERC). The two entities jointly updated the Texas Public Utility Commission (PUC) about…
Read MoreHow do Retail Electricity Providers (REP) Make Money: Your Power to Choose
Introduction: Retail Electricity Providers (REPs) in Texas employ a range of strategies to generate revenue and sustain their operations within the energy deregulation landscape. Understanding how REPs make money is key to navigating the electricity market and optimizing your choices as a consumer. In this article, we will delve into the financial mechanisms that drive…
Read MoreWhich Cities in Texas Have Deregulated Energy? Unveiling Your Power to Choose
Introduction: In Texas, the power to choose an electricity provider is not just a dream but a reality. With the advent of electricity deregulation, Texans have gained the freedom to select their preferred energy company and shape their energy consumption according to their needs. While some areas of the state remain regulated, the majority of…
Read MoreA Comprehensive Guide to Energy Providers in Lubbock: Power to Choose Your Electricity
Welcome to our comprehensive guide on energy providers in Lubbock and the Power to Choose program. With the deregulation of the power grid in Texas, homeowners now have the opportunity to shop around for the best electricity rates and services. In this blog, we will explore a diverse range of energy providers available in Lubbock,…
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