Where to shop for lubbock electricity plans
You can compare rates between Lubbock electricity plans in several places online.
•Individual electricity provider websites. Explore BKV Energy’s plans here.
•Affiliate and broker websites like Energy Bot, Ladybug Energy, and Vault.
•Power To Choose, the official state of Texas electricity shopping site.
compare ratings on power to choose and texas electricity ratings
On Texas Electricity Rates, pay attention to the negative reviews first. Those are often the most revealing of what you can expect from an energy provider.
On Power To Choose, the system is a bit different. The star ratings refer to a ratio of customer complaints compared to the total number of customers. Providers are ranked from 1-5 stars based on the number of customer complaints they have received in the last 6 months. Companies with 5 stars have the lowest complaint ratio, but not necessarily the lowest number of complaints. Click on the “History” link to view the complaints for each company. You’ll find that some companies have a 4 or 5 star rating, but they receive dozens and dozens of complaints each month.
Lock in a consistent rate for the duration of your contract
The BKV Energy team always recommends going with a fixed-rate energy plan over a variable-rate energy plan. With a fixed-rate energy plan, you can rest easy knowing that your price per kWh will not change month to month throughout your contract.
Always, always read your electricity facts label
Gimmicky fixed-rate plans may lead to higher than expected energy bills due to wide ranges of kWh rates at different levels of energy consumption. They can work great for some, but 80% of households are likely to save money with a regular fixed-rate plan. Learn more about how to identify gimmick plans.
Don't Get stuck in a contract with FIXED early termination fees
Most Texas electricity providers include contract cancellation fees in their terms, but only a few offer added benefits such as 30 day trials without fees and fees that decrease as your contract ages.
At BKV Energy, we don’t assess early termination fees within the first 30 days of your contract. After the first 30 days are over, our cancellation fee is directly related to how many months you have remaining on your contract, rather than a flat fee applied no matter what. That means the fewer months remaining, the lower your cancellation fee.
How Does the renewable energy % impact The kWh rate?
If renewable energy is important to you, check the percentage of green energy that comes with each plan. Renewable energy sources can range from 0-100%. Some companies will charge a premium for renewable energy.
Don't get drawn in by suspiciously low prices
Avoid 3 month plans with super low prices. You can see that many of the plans listed on Power To Choose are only available to “New Customers,” that means you can get stuck with a much higher price per kWh after 3 months.
