This article is your guide to figuring out what are the best prepaid electricity plans for Texas in 2024. Payless Power is going to have the best prepaid electricity plans in Texas, with a 6 or 12 month contract available for residents.
There are other prepaid plans in Texas to look at, so keep reading to find out more info!
Here at The Energy Professor, we want to give you the information you need to not only save money on your energy bill but also to become more energy efficient. We hope you find this post helpful! It makes it easier for you to know more about prepaid electricity in Texas. Be sure also to check out our one-of-a-kind energy savings calculator!
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Prepaid Electricity Plans in Texas
Texas’s best prepaid electricity plan is Payless Power’s 12 Month Prepaid. This plan offers a fixed kWh rate for an entire year, providing stability against price fluctuations and transparency in billing. The prices have gone up recently, but there is no credit check or deposit requirement. That coupled with the ease of monitoring and managing your usage, makes it an popular choice for many residents seeking a hassle-free and predictable electricity solution.
Comparisons of Plans:
Payless Power’s 12-Month Prepaid Plan
- Guaranteed Rate: Enjoy a fixed rate of $0.126 per kWh for 12 months.
- Daily Balance Requirement: Maintain an account balance of at least $35 each day at billing time to keep the guaranteed rate.
- No-Deposit Plan: Start without a deposit, making it accessible and convenient.
- 12-Month Contract: Lock in your rate for a full year, providing price stability.
- Additional Benefits:
- Good for customers looking to build or rebuild credit.
- Flat rate across usage tiers.
- $15 bill credit for usage under 500 kWh.
Cons:
- Recurring Charges: Be aware of a $1 per day charge, amounting to $28–$31 per month.
- Early Termination Fee: If you cancel before the end of the contract, a $99 early termination fee applies.
Payless Power’s 6-Month Prepaid Plan
- Fixed-Rate Contract: Rates range from 17.2–20.7 cents per kWh, locked in for six months.
- No Deposit or Credit Check: Start the service without a deposit or credit check.
- Flexible Payment Options: Pay in advance and add funds as needed. Set up auto debit with your checking account, debit card, or credit card.
- Daily Monitoring: Receive daily texts and/or emails to monitor your balance and adjust usage.
- No Deposit Required: Ideal for those who want to avoid large deposits.
- Flat Rate Across Tiers: Consistent pricing, plus a $15 bill credit for usage under 500 kWh.
- Good for Low Usage: Beneficial for those with lower monthly electricity consumption.
Cons
- Higher Rates: Rates are relatively high compared to other plans.
- Recurring Charges: $1 per day charge, amounting to $28–$31 per month.
- Early Termination Fee: $99 fee if you end the contract early.
This plan is similar to the 12-month option but offers a shorter commitment period, making it a good choice if you prefer more flexibility while still enjoying the benefits of prepaid electricity
Prepaid Electricity by Acacia Energy
- No Initial Deposit: Start with zero upfront payment.
- Swift and Straightforward Registration: Quick and easy sign-up process.
- No Credit Checks: Your credit history doesn’t affect your eligibility.
- Free Nights and Weekends: Select plans offer significant savings.
- No ID Requirement: Simplified sign-up with minimal paperwork.
- No Long-Term Commitment: Flexibility to change or cancel plans at any time.
- Free Nights Plan: Enjoy zero energy charges from 9 p.m. to 5:59 a.m., providing peace of mind during peak hours.
- Free Weekends Plan: Benefit from no energy charges throughout the entire weekend, offering substantial savings.
Energy Charges:
The energy charges vary based on the specific plan and time of usage:
- Free Nights Plan: 23.07¢ per kWh between 6:00 AM and 8:59 PM, with only TDU charges during free night hours (9:00 PM – 5:59 AM).
- Free Weekends Plan: 21.26¢ per kWh from Monday 12:00 AM to Friday 7:59 PM, with only TDU charges during free weekends hours (Friday 8:00 PM – Sunday 11:59 PM).
- Valtricity Plan: 12.89¢ per kWh for general usage.
100% Clean Energy by Pogo Energy
- No Deposit Required: Pogo Energy does not require any initial deposit. Instead, you start with an upfront payment of $60, which is used towards your electricity consumption.
- No Credit Check: There are no credit checks involved in signing up for the service, making it accessible to everyone.
- Flexible Payment Options: The plan allows you to pay in advance and recharge your account as needed. Payments can be made online or at various cash payment locations.
- No Long-Term Contracts: The service is contract-free, allowing customers to cancel at any time without penalties.
- Same-Day Activation: You can get your electricity activated on the same day if you sign up before 6 PM from Monday to Saturday.
- 100% Renewable Energy: The electricity provided is sourced entirely from renewable energy, helping customers reduce their carbon footprint.
- Daily Monitoring and Alerts: Customers receive daily texts or emails with information about their energy usage and account balance, enabling better budget management.
Rate Details
- Base Charge: $1.32 per day
- Energy Charge: 13.1¢ per kWh
- Estimated Total Rate (including Oncor Delivery Charges): Approximately 20.1¢ per kWh
Related post: Who is the Cheapest No-Deposit Energy Company in Texas?
Is a Prepaid Electricity Plan Right for You?
Choosing a prepaid electricity plan? Here’s what you need to know to see if it fits your lifestyle and budget:
- Upfront Expense Control: With prepaid plans, you pay for your electricity in advance. It’s perfect if you like to keep a close eye on your budget, as it helps you avoid those surprise bills at the end of the month.
- No Long-term Contracts or Credit Checks: A big plus is that there are no long-term contracts or credit checks. This is great if you have a variable income, are a student, or just don’t want to be tied down. You can often start service on the same day without a hassle.
- Daily Monitoring: Most prepaid plans come with tools to track your daily electricity use and balance. This real-time feedback lets you adjust your usage and save money, making it a proactive way to manage your energy.
- Higher Rates and Extra Charges: Prepaid plans can have higher rates per kWh and extra daily fees. Providers like Payless Power and Acacia Energy might have additional charges, so it’s important to read the details and understand all the costs involved.
- Flexibility and Freedom: These plans offer the flexibility to switch providers or plans without paying hefty termination fees. This is ideal if you move frequently or just like to keep your options open.
- Risk of Service Interruption: If your balance runs out, your electricity can be cut off. Many providers make it easy to top up your balance, but you need to keep an eye on it to avoid disruptions.
Prepaid plans offer unique benefits and some challenges, so weigh these factors to see if they align with your needs.
Related post: The Best Companies To Get No Deposit Electricity in Texas
Do you Need Cheaper Electricity?
If you’ve taken the time to understand the information on your bill and discovered you’re paying more than you’d like for your electricity, have you looked around for a cheaper deal? The Energy Professor has a wealth of information on ways to save on your utilities, including details of top deals that could significantly reduce your monthly or quarterly electricity bills.
We hope you found this article helpful! If you are looking for ways to increase energy efficiency and sustainability in your home be sure to look at the latest renewable energy options in your area. The Energy Professor helps residential and small business owners find qualified energy suppliers in New York, New Jersey, Pennsylvania, Texas, Ohio, Maryland, Illinois, and Massachusetts.
