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Wizard Energy

The Latest News & Updates

The latest news and updates from Wizard Energy, an INDEPENDANT Electricity Broker…

We work hard to help small to medium size businesses lower their electricity bills and get a lower electric rate.

  • Lubbock’s Electricity Market to Open January 2024!

    Lubbock’s Electricity Market to Open January 2024!

    This Monday Lubbock Power and Light on Monday said it has completed connecting the last 30% of electricity customers to the new network with the Electric Reliability Council of Texas. This is a historic event for the City of Lubbock and teh region. After 8 years, the largest migration of electrical load in state history… Read…


  • Lubbock Electricity Market Opening Delayed

    Lubbock Electricity Market Opening Delayed

    Lubbock is getting close to opening up electric competition to force electricity companies to compete for the business of residents and local companies. The goal is to lower electricity rates and offer customers various electricity plans based on their needs. Though we’re all ready and have seen advertisements all over the place from electricity retailers,… Read…


  • Update on Electricity Rates in Texas

    Update on Electricity Rates in Texas

    The rate Texas residents pay for energy has skyrocketed in recent days, as hotter-than-usual temperatures cause demand for electricity to soar across the state. Power usage hit its most recent record of 85,435 megawatts on Aug. 10, according to the state’s agency. And, electricity usage in Texas has broken daily record highs 10 times already… Read…


  • Texas Electricity Demand Spikes (Summer 2023)

    Texas Electricity Demand Spikes (Summer 2023)

    The demand for electricity throughout Texas surged to its highest point ever two days ago (Tuesday, June 27) when rising temps and massive heat dome covered the state. A heat wave continues to bake Texas for two weeks now reaching 100+ temps. Electricity Demand in Texas is Scorching ERCOT (Electric Reliability Council of Texas), which… Read…


  • Lubbock Electricity Market Opens up to Competition

    Lubbock Electricity Market Opens up to Competition

    For Lubbock, cost was one of the many reasons the city council decided to take the step to join ERCOT. In a recent study, the utility found that electric costs could drop an estimated $148.9 million annually for the city of Lubbock. Additionally, due to overall electric demand, if Lubbock remained disconnected from the ERCOT… Read…


  • Texas Electricity Price & Energy Grid Update

    Texas Electricity Price & Energy Grid Update

    The state of the Texas electricity grid continues to be a point of anxiety for residents and business owners. It is a complex and evolving issue in Texas politics. In recent years, the grid has come under scrutiny due to a number of factors, including the 2021 winter storm, rising natural gas prices, and the… Read…


  • New Plans to Fix Texas Power Grid Will Cost Residents Billions

    New Plans to Fix Texas Power Grid Will Cost Residents Billions

    The Texas Senate has put forward a number of proposals aimed at improving the state’s electricity infrastructure. Senate Bill 6, for example, seeks to establish the Texas Energy Insurance Program, which would provide backup power in the event of an emergency. While some have expressed concerns about the cost of this program, it could ultimately… Read…


  • Texas Regulators Pass Electricity Market Reform

    Texas Regulators Pass Electricity Market Reform

    The Public Utility Commission has decided to make a big change to the state’s electricity market in what looks to be a controversial measure to make the system more reliable. The agency said it will let the Texas State Legislature review its plan before activating it. The idea is a performance credit mechanism (first-of-its-kind) that… Read…


  • Electricity Prices Dropped A Little

    Electricity Prices Dropped A Little

    Electricity Rate Data – November 2022 Current average retail rate of electricity: $.1393 per kWh Current range of electricity prices in Texas: $.104 to $.207 per kWh Average monthly electric bill: $157.69 Average energy usage: 1,094 kWh Please note that the following electricity prices are as of Nov 2022 and may have changed. Oncor Electricity… Read…


  • Higher Natural Gas Prices = Higher Electricity Rates

    Higher Natural Gas Prices = Higher Electricity Rates

    The U.S. Energy Information Administration says in the December Short-Term Energy Outlook that U.S. wholesale electricity prices will be higher and more volatile this winter – from 31% higher than last winter in Texas. Highlights from the December Short-Term Energy Outlook: Wholesale Electricity Prices Affect Retail Electricity Prices It is expected that electricity customers in… Read…