Still Years Away From Electric Competition In Lubbock
Matt Rose with Lubbock Power & Light joined The Chad Hasty Show on Wednesday to discuss the latest with LP&L and what the future looks like.
Rose first talked about the rate cuts for Summer rates. Rose said that while bills will rise due to the Summer heat, the overall rate will be lower than last Summer. Rose said many factors went into the decision to lower rates including the lower cost of natural gas.
Rose also told KFYO that the roll-out of smart meters was close to be being completed on the electric side and that smart water meters were still being rolled-out in Lubbock.
Rose also told KFYO that if citizens are having trouble paying bills due to the coronavirus pandemic, they need to contact LP&L for assistance. LP&L is also looking at creating new payment plans for those who have been most impacted.
Conversation then turned to the future of LP&L. Rose told KFYO that in about one year, Lubbock Power and Light should be connected to the ERCOT power grid. That doesn't mean however that Lubbock will enter the competitive market place. Rose told KFYO that it could take a year or two after connecting to the grid before the city is ready to move into the competitive marketplace.
Listen to the full interview with Matt Rose above.