Deposit Free Electricity Plans
Prepaid Electricity Plans: No Deposit, No Credit Check, No Hassle
Electricity is a necessity, but it can be expensive. If you have bad credit or can’t afford a deposit, prepaid or deposit-free electricity plans are a great option. Prepay for electricity and control your costs. You’ll only pay for the energy you use.
Benefits of Deposit Free Electricity
- No credit check required
- No deposit required
- Budget-friendly
- Flexible payment options
- Convenient account management
- Build credit history
- Ideal for short-term needs
- Avoiding Outages: Maintain a sufficient account balance
How Prepaid Electricity Plans Works
Prepaid electricity, also known as “Deposit Free Electricity,” is a straightforward concept: you pay for your electricity in advance, similar to purchasing a prepaid phone plan. Instead of receiving a bill at the end of the month, you load funds into your account, and the electricity you consume is deducted from that balance.
Here's a breakdown of how it works:
- Account Setup: Activate your service by providing your personal information and a deposit.
- Adding Funds: You can add funds to your account using various methods, such as online payments, debit cards, or even automatic bank transfers.
- Monitoring Usage: Your electricity meter tracks your usage and automatically deducts the cost from your prepaid account balance.
- Low Balance Alerts: Most providers offer alerts to notify you when your balance is low, preventing unexpected service interruptions.
- Avoiding Outages: To maintain continuous service, it’s essential to monitor your balance and add funds before it runs out.
Key Points to Remember:
- No Credit Check: Prepaid plans are a great option for those with less-than-perfect credit history.
- Budget Control: Prepaid electricity allows you to manage your electricity expenses more closely.
- Flexibility: You can adjust your spending based on your usage patterns.
By understanding how deposit free electricity plans work, you can make an informed decision about whether it’s the right option for you.
Texas Electricity Finder offers a variety of prepaid electricity plans to choose from. Compare plans and rates today!
Click here to find the perfect plan for your needs.
Prepaid Electricity - FAQs
Service
Service: How long does it take to connect service?
New service is typically connected within 1 to 6 hours. Delays may occur if the meter can’t be activated remotely or if a city permit is needed. Orders submitted after 5:00 PM may be delayed until the next operational day. To learn more about smart meters, please visit https://paylesspower.com/blog/what-is-a-smart-meter
Service: How much can I save with prepaid electric service?
Due to electricity rate fluctuations, we can’t provide an exact savings figure, but our customers often enjoy up to a 27% savings compared to other plans/providers. We offer access to low kilowatt-hour (kWh) rates statewide, ensuring automatic savings. With prepaid electricity, you have control, paying only for what you use. Our daily notifications and user-friendly myAccount portal empower you to monitor, conserve usage, and manage billing effortlessly.
Service: How long does it take to reconnect service?
Normally, service is restored within 2 hours unless the meter cannot be remotely reconnected. If a technician needs to visit your home, reconnection may be delayed until the next operational day.
Service: How do I cancel service?
- Please note that your account doesn’t automatically cancel when funds are depleted or disconnection occurs, and additional charges may accumulate. To cancel service, you have two options:
- Option 1: Log in to the myAccount portal at https://account.paylesspower.com/end-service
- Option 2: Speak to customer service by pressing the designated option. After your final invoice is generated, please settle any outstanding charges. If you’re eligible for a refund, it will be automatically mailed to you. If you cancel with 15 or more days remaining on your contract, an early termination fee will apply unless waived by providing proof of new residency through customer service. The fee waiver only applies if you can prove that you have moved to a new home.
Billing
Billing: Can I pay my balance to reconnect?
Payless Power strives to ensure you avoid service interruptions. If your service is disconnected, you’ll need to pay any past due charges in full and a $25.00 reconnection fee to restore it. For prepaid plan enrollees, your account balance must be at least $20 to initiate reconnection. Keep in mind that delays can happen if you submit a reconnection request outside regular business hours or if your smart meter cannot be reached electronically.
Billing: How does your prepaid billing work?
- Payless Power is delighted to offer no-deposit prepaid electricity service. Here’s how it works:
- Step 1: Enroll for service online at https://paylesspower.com/969500 or call 1-833-789-2898.
- Step 2: Make an initial prepayment to add funds to your account.
- Step 3: Receive daily alerts on consumed kilowatt hours, consumption date, and balance. Payless Power bills 2 days after actual energy use.
- Step 4: Maintain a positive balance by making payments as needed to keep the lights on. You can always check your balance, usage, make payments, and update preferences at https://account.paylesspower.com
Billing: What is the minimum payment amount that you will accept?
For Post Paid Service (monthly bill), any amount is accepted, but the bill must be paid in full to avoid late fees and reconnection fees. For Prepaid Service, a minimum payment of $20, plus any past due amounts or the negative balance on the account, is required. There is a $4.95 fee for micro payments that do not meet the minimum payment amount. The self-service tools will inform you whether the fee will apply before the payment is made.
Billing: Do you accept state-issued child support debit cards?
Payless Power does accept state-issued child support debit cards with Visa or MasterCard logos. It’s important to note that the state’s bank requires an exact address match for the card to be approved. Ensure that the billing address on your card perfectly matches the billing address listed on your Payless Power account to avoid any issues.
General
General: What is a switch-hold?
A switch-hold happens when you opt for a deferred payment plan or if meter tampering is detected at your property. This hold means you can’t switch to another provider until the deferred or tampering charges are fully paid. If you’re a new tenant handling a previous resident’s switch-hold, we can assist you over the phone.
General: How long does it take to remove a switch-hold?
Payless Power will initiate the switch-hold removal request upon receiving and approving all required documentation or payments. If the request is submitted before 1:00 PM on TDU operational days, the removal will be processed by 8:00 PM on the same day. Requests submitted after 1:00 PM will be addressed by 12:00 PM the following operational day.
Looking for a traditional electricity plan?
If you don’t need a pre-paid deposit free plan, check out the other plans we have to offer!!
Texans can save up to
$500 per year
- by switching to a new electricity plan
- explore affordable plans in your area
- Explore some of our helpful resources to help you become a savvy shopper
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