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En Español (866) 963-9353
PO Box 975428
Dallas, TX 75397-5428

No Deposit Electricity

We're Here to Help

We have plans to support you and your energy needs

Are you looking for a light company with no deposit? You are certainly not alone. Many Texas residents find themselves in a pinch where they need electricity immediately, either in their current homes or when they are transitioning homes, but don’t have the potentially hundreds of dollars to pay a deposit upfront or are still trying to improve their bad credit. Whatever your circumstances may be, Payless Power is here to ensure that you will have the energy necessary to support your life and home instantly with no deposit electricity plans. Read on to learn more about these plans and how you can get the energy you need from a Texas light company today.

No Deposit Electricity: What is it?

Just as the name suggests, no deposit electricity is a feature of an electric plan in which customers are not charged the traditional upfront cost, a fee that could be several hundred dollars, to receive electric service. No deposit electricity plans are commonly a component of prepaid electricity, in which consumers provide an initial amount for energy and consume until they have met the limit of that initial payment.

Though not offered by all electric companies, certain Texas no deposit electricity providers require that customers meet certain qualifications in order to receive no deposit electricity and a prepaid plan. Requirements can include how successful customers are in keeping up with required payments, how long ago individuals signed up for service, and the frequency of late payments made if any. At Payless Power, everyone is instantly approved for a no deposit electricity plan and prepaid plan regardless of their past. In certain states, there are a number of no deposit electric companies for consumers to choose from with these Texas electric providers offering incentives to get people to sign up for a prepaid electricity plan.

Benefits of a No Deposit Electric Plan

In offering no deposit electricity plans, certain electricity companies do not require credit checks in order to approve customers for their service. This option takes away a possible barrier to getting energy and ensures consumers that no matter their repayment history, they are qualified to receive electricity and can get instant access to energy almost immediately after signing up.

Pay As You Go Electric Plans

With a no deposit electricity plan, instead of having to provide an initial deposit, customers can have the opportunity to pick what they pay, offering flexibility with payment and freeing people from the load of a large lump sum at the end of the month. With the option to pay as you go in increments, consumers can maximize their energy use while also being mindful of their consumption, minimizing the total cost of electricity.

No Deposit Necessary

The standard deposit required for electricity can be a high cost just for the ability to receive energy. In the case of no deposit electricity, consumers are able to forgo that expense and still get energy to their homes. This puts money back into customers’ pockets, allowing them to focus on paying for the electric service they receive every month instead of just getting service from an electric company in the first place.

Why Do Texas Electricity Providers Require a Deposit For an Electric Plan?

To Protect Themselves

When applying for utilities like water, gas, or electricity, companies will often perform credit checks to view a potential customer’s payment history and service worthiness. If customers are deemed qualified for service, the deposit is meant to provide the electric company the amount they may need in the event that consumers are unable to pay for electric service.

To Promote Timely Electricity Repayments

Texas no deposit electricity providers can incentivize the requirement of consumers having to pay a deposit by associating conditions with getting their money back. Most often this involves demonstrating responsibility by making payments on-time for a set period. Forcing consumers to do this helps to get them in the habit of paying their electricity bill in a timely fashion each month.

To Remain Competitive in the Electricity Market

Prices and fees vary from company to company and are a key strategy for competing in the energy industry. With a deposit, electricity companies can differentiate themselves and undercut competitors in an effort to draw in new customers and also poach energy users from other energy companies. The more advantageous a deposit fee seems the more likely Texas electricity providers are trying to use it in order to drive business.

No Deposit Electricity Plan

There can be so many reasons for a less-than-perfect credit score. You might not be able to boast a stellar credit score, and this, in turn, might inhibit you from availing of the basic needs as many other Americans do. Well, while such guarantees can’t be provided for other services, you might be lucky when it comes to your electricity needs. Texas energy providers have addressed the problem of consumer’s having bad credit by coming up with different no deposit electricity and no credit check plans. These energy plans are based on daily, weekly or monthly payment models and are open to all sorts of customizations.

Get Approved Instantly

If you are looking for a flexible and convenient no deposit electricity plan, a no credit check plan is right up your alley. There are no strings attached to the costs and no extra fees, contracts or penalties. Your money is secure and only the amount you use is what you are charged. Moreover, there are several plans for daily use which allow you to limit your usage based on your budget and expense limit. This is the most no-nonsense way to approach your no deposit electricity needs while remaining secure and keeping a hold of your money. The best part is that they do not expect anything more out of you and will not ask you to prove anything else. Get approved instantly and get exactly what you need.

No Deposit Electricity Plan From Payless Power Today!

For Payless Power’s Smart TriCity with Flex Pay plan, you can get signed up right away without any deposit. You can also have same-day connection, as long as the home is equipped with a smart meter. What’s convenient about Payless Power is that you don’t have to pay a deposit when you sign up. This is especially great for those who need to get their electricity connected right away or those who want to avoid such inconvenience. Get the no deposit electricity you need from Payless Power today!

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

About Payless Power

Payless Power wants to be your Texas electric company.

Whether you live in a large city or small town, we can save you money with pay as you go electricity! Where do we provide Texas electricity? We service customers with no deposit electricity in more than 400 deregulated communities in Texas. We work with principal utilities throughout the state of Texas to provide prepaid electricity. The utilities are: Oncor in the Dallas / Fort Worth Metroplex and various parts of West Texas; CenterPoint Energy in Houston and the surrounding areas; AEP Central in Corpus Christi and surrounding areas; AEP North in Abilene and other North Texas communities.

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