Electricity Rates in Springlake, TX
Springlake, TX is in a deregulated electricity market with 3 providers available. The average residential rate is 11.0¢/kWh, 15.4% below the Texas average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Springlake
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Bailey County Elec Coop Assn | 9.0¢/kWh | 7.0¢/kWh | Cooperative |
| Lamb County Electric Coop, Inc | 10.0¢/kWh | 8.0¢/kWh | Cooperative |
| Southwestern Public Service Co | 13.0¢/kWh | 9.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 11.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Springlake
At 11.0¢/kWh, a typical Springlake household spends approximately $1169.52/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Springlake
Charging an electric vehicle at home in Springlake costs approximately $99.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Texas
Frequently Asked Questions
What is the average electricity rate in Springlake, TX?
The average residential electricity rate in Springlake, TX is 11.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $97.46 for a typical household.
Who provides electricity in Springlake?
Springlake is served by 3 electricity providers. Bailey County Elec Coop Assn is the largest provider in the area, though rates and availability vary by specific address.
How do Springlake electricity rates compare to the rest of Texas?
Springlake's average rate of 11.0¢/kWh is 15.4% below the Texas state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.