How To Sign Up for Cheap Prepaid Electricity
Do you feel anxious at the end of each month when opening your mailbox, worrying about how high your next electric bill will be? If so, then prepaid electricity might be the right choice for you. If paying for electricity upfront and topping up as you go sounds like a good alternative to traditional post-paid plans, read on!
What Is Prepaid Electricity?
Prepaid electricity, or pay-as-you-go electricity, is an electric plan where you are able to pay for electricity before you use it – so that you can control how much it is going to cost you each month. Think of a prepaid phone plan – you top up, you use your credit to make calls and send texts and when your credit runs low, you top up again.
When signing up with a prepaid electricity company, you don’t have to pay a deposit, sign a contract, or undergo a credit check. You simply sign up online, top up your balance and you are good to go.
Advantages and Disadvantages
As practically everything in life, a prepaid electricity plan has both advantages and disadvantages:
What are the benefits?
As previously mentioned, there are no deposits, no contracts, and no credit checks with pay-as-you-go electricity. These plans can be a great relief to people with a poor credit score, who otherwise would likely pay a hefty deposit to sign up for electricity.
Another plus is knowing what you are going to pay for electricity in advance, so you can feel in control of your usage and the household budget.
What about the downsides?
You have to pay for prepaid electricity upfront, which isn’t ideal for everyone. Many electricity providers require you to always maintain a minimum balance on your prepaid plan, otherwise, your service might get disconnected. If you are a forgetful person, you might find yourself without electricity in an inconvenient situation, such as in the middle of a shower.
No Deposit Electricity
If you think that the benefits outweigh the cost and you already started looking up prepaid electric companies in your area, let us help. Enter your zip code on our website and find the cheapest prepaid electric plan in your area.
Prepaid Electricity Plans in Texas
The energy deregulation has brought an abundance of choice to customers in the U.S. Nowhere is it more true than in Texas, where many electricity providers compete for the attention of Texans with attractive electricity plans and added benefits. Looking for prepaid electricity in Texas? Just enter your zip code on our website to see prepaid electricity companies in your area.
Texas prepaid electricity market is full of providers offering no deposit, no credit check plans, and providers. One such provider is Payless Power, a family-owned business, serving customers in more than 400 deregulated communities in Texas since 2005. Customers can choose from electricity plans, including:
- Payless Power’s SmarTricity Secure Saver 12 that guarantees customers an electric rate of $0.126/kWh for 12 months regardless of their energy usage, so long as their account balance is $35 or greater each day at the time of billing
- Payless Power’s SmarTricity Flex Saver, offering the same electricity rate and terms as the 12-month plan but adds the flexibility of a pay as you go electric billing.
Customer reviews can be very misleading. Customers, who take the time to leave a review are often motivated either by a particularly negative, one-off experience with their energy provider or somehow incentivized to write a positive, and not always truthful review. One great, non-biased resource to consult is a non-profit market analyst Better Business Bureau (BBB), that objectively reviews the majority of retail electricity providers.
How Do You Sign Up For Prepaid Electricity?
Interested to signup with a prepaid electric company? You don’t have to spend hours doing research on the internet to find the best electricity plan. Simply enter your zip code on our website and we will compare all prepaid electricity Texas plans, available in your area.
Below are answers to some of the questions you might have about prepaid electricity plans.
How Does Prepaid Electricity Work?
With prepaid electricity plans, you pay for the electricity you are going to consumer upfront. You top up your balance and then use the electric power until it runs out, and you top up again. Prepaid electricity plans don’t require a deposit or a credit check. Instead, you need to ensure you keep a positive account balance at all times, otherwise, your service might be disconnected.
What Are the Best Electric Companies in Texas?
The Texas electricity market is full of competitive providers, many of which offer pay-as-you-go electricity rates. One such supplier is Payless Power, supplying customers with prepaid electricity in Houston, Fort Worth, Dallas, Corpus Christi, and other Texas locations. If you are interested in finding prepaid electric in Texas, try entering your zip code to compare all prepaid light companies in your area.