LP&L tells Electric Utility Board itâs prepared for transition to ERCOT, summer rate increase
LP&L tells Electric Utility Board itâs prepared for transition to ERCOT, summer rate increase By Kase Wilbanks | May 18, 2021 at 6:13 PM CDT - Updated May 18 at 7:40 PM
LUBBOCK, Texas (KCBD) - Lubbock Power & Light advised the cityâs Electric Utility Board (EUB) Tuesday on a âmajor undertaking,â the migration of most of its customers to the ERCOT grid Memorial Day Weekend and an expected rate increase this summer, which officials say isnât caused by that transition.
âEverything is on track,â LP&L Spokesperson Matt Rose said. âEverything is kind of set in place. Weâre ready to go forward with this. These final two weeks, weâll be making sure that customers know what they can expect.â
LP&L confirms customer rates not subject to short-term fluctuations
Electric utility responds to customer concerns over weather-related electric billing impacts LP&L (Source: LP&L) By KCBD Staff | February 22, 2021 at 4:07 PM CST - Updated February 22 at 4:07 PM
LUBBOCK, Texas (NEWS RELEASE) - Lubbock Power & Light (LP&L) is aware of statewide media reports regarding unusually high electric bills due to the winter storm. Due to how LP&L rates are structured and approved by the Lubbock City Council, LP&L customers are not subject to the short-term fluctuations in electric rates referenced by media reports in other regions of the state.
Lubbock Power & Light released a statement Monday confirming its customers won t see the massive, short-term rate-driven spikes that other Texans may see in their upcoming electric bills after last week s potent winter weather.
LP&L acknowledged it is aware of statewide media reports regarding unusually high electric bills due to the winter storm.
Due to how LP&L rates are structured and approved by the Lubbock City Council, LP&L customers are not subject to the short-term fluctuations in electric rates referenced by media reports in other regions of the state, according to an LP&L news release.
The customers impacted by major bill spikes typically have variable price billing, and are therefore vulnerable to sudden price swings from the wholesale energy market, both increases and decreases, reads the statement.
Over the last week, we have been largely focused on restoring power from a historic winter storm while managing never-before-seen levels of load reduction on Texas electric grid. Now, as