| ||Payless Power ||TXU Energy |
|No Deposit Required || || |
|No Credit Check || || |
|Daily Usage Notifications || || |
|No Late Fee || || |
|Long Term Contract || || |
How Payless Power Compares
Pay Only What You Use
Most energy plans are postpaid and only pay attention to what they’re spending when they get their bill. According to a study done on the electricity use of prepaid vs post paid electricity, the average consumer of prepaid electricity used 12% less electricity than the average postpaid user.
Our prepaid plans allow you to pay only for the electricity you use, giving you the power to choose how much you pay monthly. Track daily electricity usage and daily temperatures with Payless Power. By monitoring energy use and adjusting habits or appliance operation, you can save money.
Managing your pre-paid service is as easy as reading a text or answering an email, because we send you information about your usage and account balance. You’ll also be notified if your account balance drops below 7 days of estimated usage remaining.
TXU’s typical plans rely on a postpaid model, which you pay after the month for electricity that you’ve already used, keeping how much you’re paying for electricity at the bottom of your mind. While using AutoPay, which allows you to have your payments deducted from your bank account or credit card can be very convenient, with it, you’ll never pay attention to how much your energy bill is costing you.
The other issue with their pricing model is that it encourages more electricity usage. As one customer put it “They would prefer you waste resources and use more kWh than sign up for a plan and use less”.
No Credit Check or Deposit
Most electric companies ask for huge upfront deposits to be paid before they activate your power. With Payless Power there are no deposits needed to get started. Everyone gets approved right away. In addition, our prepaid service requires minimal personal information in order to get set up. We require no credit check, no social security number, and no other personal information. The only thing we need, is your name, a contact phone number for text messages or an email address, and account security information.
TXU’s typical plans require a credit check and Utility Payment Data, which is based on their history of paying utility bills in order to assess risk and decide if you require a deposit.
Same Day Electricity
With Payless Power you can get your electricity turned on in minutes. So whether you’re moving to a new place or just switching providers, we can get your home up and running in no time. TXU relies on Oncor’s policies and can’t turn on power once it’s past 5 pm. One customer had an issue where they were forced to stay in their no home with no power until the next morning.
No late Fees
With our plans, there are no late fees. You get daily notifications about your account usage and balance, so you always know how much balance you have left, and can pay in small increments instead of one giant bill. With TXU’s typical plans, you need to pay your bill in one lump sum and if you’re late in your billing, they’ll charge you a 5% of your past due balance late fee. One customer had an issue with the recurring payments and was being charged late fees monthly until she found out she owed an extra $70 for it.
No Long Term Contracts
As a prepaid provider, we don’t lock you into a long contract. You just pay month to month and should you decide to move or switch providers, you can choose to do so at any time, with no cancellation fees. TXU’s contracts run for 12 and 24 months and can cost you 295$ if you cancel before the end of the contract.
There are also some customers who have noted that there are issues with hidden fees that go unnoticed during signup and couldn’t do anything about since they were stuck in a contract.
Our plans are clear and straightforward, you pay a cheap rate for your electricity and you use it. TXU relies heavily on various gimmicks and offers that are packaged with their plans. These range from cash back offers, free nights, seasonal discounts and gift cards for signing up. These end up just mudding the waters and making the decision far more confusing than it needs to be.
In one case a customer received an offer for $600 cash back, only to find out that the offer was only for a much higher rate.