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With costs rising in nearly every area of today’s household budgets, Texas consumers are rightly concerned about fluctuating energy prices. Variable rate electricity plans provide needed flexibility for customers in certain seasons, however, Payless Power’s fixed-rate energy plans help residents with long-term cost savings and predictable budgeting.


Variable and Fixed-Rate Electricity: What’s the Difference?

A variable rate electricity plan is a month-to-month plan with no contract or cancellation fees. The rate per kilowatt-hour (kWh) fluctuates based on the market price of power. Customers can benefit from lower market prices, but will likely pay higher rates if there is extreme weather or adverse market conditions.

Those who may benefit from a variable rate plan are customers who need a short-term solution before choosing a plan, plus the ability to cancel on short notice with no cancellation fees. 

In contrast, a fixed-rate electricity plan provides a constant, set price per kWh for the length of the contract. The only changes to your bill will be based on the amount of electricity used, plus any potential fee changes from Transmission and Distribution suppliers or Texas’s governing board ERCOT (which would also change on variable rate plans).

Practically, electricity may cost 16.5 cents per kWh on a variable rate plan one month and 18.5 cents the next, while a fixed-rate plan would charge 16.8 cents per kWh for the length of the contract. Variable plans may see a dip or spike in costs based on market price, while fixed-rate plans remain steady. For example, using 1000 kWh per month, each customer would pay the following:


Pros of Fixed-Rate Electricity From Payless Power

Fixed-rate energy plans allow customers to avoid price spikes during high-demand usage, like extreme or prolonged seasons of hot or cold weather. Payless Power offers several fixed-rate plans that benefit customers in the following ways:


When is the Best Time To Renew My Electricity Plan?

Electricity prices fluctuate with the seasons, based on supply and demand. If you’re moving to a new home or apartment, you need electricity from day one. But you may decide to choose a variable rate plan until you can find the lowest price for a fixed-rate plan. So when is the best time to lock in the best rate on a fixed plan?

While you can’t fully predict energy prices, you can make informed decisions based on demand and historical data. Energy usage is typically at its peak during hot Texas summers. Keeping the house cool with air conditioning, plus increased usage of indoor appliances increases rates.

In Texas, the lowest-demand months are typically December through March. If you lock in a fixed-rate plan during these months, you may find the best rates. However, don’t wait for perfect timing if you find a plan with better rates than you’re currently paying. 


Choosing a Cheap Fixed-Rate Electricity Plan

Texas’s deregulated energy market gives residents dozens of options for Retail Electric Providers (REP), as opposed to only one or two choices in U.S. states that aren’t in deregulated markets. Since 2005, REP Payless Power has consistently given Texans affordable, accessible prepaid electricity plans without the burden of large deposits or background checks. 

Payless Power is based in Dallas-Fort Worth — a Texas company created for Texans. Lone Star State residents have the power to choose their provider, and Payless Power works to offer the best prices and the best customer service. You can find fixed-rate plans that are affordable and predictable, yet flexible for your needs. You can choose when and how you pay in order to keep your account balance positive. You can track your usage every day and adjust your energy usage to save money. You can select a prepaid plan with only six- or 12-month contracts.

Even with inflation for everyday items, you can find ways to save money with a Payless Power fixed-rate energy plan. Read your Electricity Facts Label (EFL) to discover your typical monthly usage over a year’s time (to see high and low usage months) and multiply that with the current price per kWh to help estimate future bills. 

Payless Power fixed-rate electricity plans are simple without confusing gimmicks or hidden fees. Simply enter your zip code to find a plan that’s easy to connect, simple to track, and convenient for making payments.

What our customers are saying

See why our power customers say we're the best electricity provider in Texas!

Affordable and easy to make payments

I was worried about getting electricity for my home through a prepaid company. I was calling around to see different rates then going through all the hassle of credit checks while dropping points each…

Christine M. in Killeen

Happy Customer

I have been with this company for several years and have been very happy since. Even when I moved, they made my usually stressful situation very easy and carefree. I recommend them to everyone that I…

Julia L. in Webster

Long term customer

I have enjoyed the service for 2 years now. In the beginning this service was planned to be temporary but with the service being so effective for me i decided to keep it for the long haul. I’m a happy customer.

Kalandra H. in McKinney