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Payless Power Offers the Best No Credit Check Electricity Plans in Texas

If you need electricity with no credit check and no deposit, Payless Power is the way to go for prepaid electricity plans.

Payless Power offers a fixed rate prepaid electricity plan.

In this article, we’ll compare plans and review Payless Power offers.

Spoiler alert: Payless Power’s fixed rate product, is the best prepaid electricity plan in Texas.

Payless Power Fixed Price No Deposit/No Credit Check Prepaid Electricity Plan

The Payless Power’s fixed rate plan gives you the security of a fixed price plan with the convenience of pay-as-you and no credit check. It’s our number one recommendation for no deposit, no credit check electricity.

Having a fixed price for your electricity is a huge bonus for pay-as-you-go power. Because most prepaid plans will show an attractive rate up front, but they are month-to-month variable rates. And if you read the fine print, you’ll find out they can change your price per kWh after your first billing cycle. You could quickly be paying a higher rate and not even notice it, since you won’t receive a monthly bill.

Payless Power’s fixed price plan has a simple structure:

  • Daily flat rate charge covers your first 17 kWh per day (up to the first 510 kWh of monthly usage, based on a 30 day billing cycle).
  • After the first 17 kWh each day, you’ll pay a fixed price per kWh energy charge, plus delivery charges passed through from your local utility company.

That fixed price per kWh will say the same for the term of your agreement. That’s rare in no-deposit electricity plans. In fact, we don’t know of another retail energy provider that offers a fixed rate pre-paid plan.

To start service, you’ll pay a small fee into your pre-paid account. That will go toward your electricity usage. When you use up that amount of electricity, Payless Power automatically recharges your account using your credit card on file.

Payless Power Month-to-Month No Deposit / No Credit Check Prepaid Electricity Plan

Payless Power discontinued their month-to-month electricity plan offer effective July 2022. The extreme volatility of the electricity market made this decision necessary for the company. Instead, they continue to offer 6 and 12 month fixed rate electricity plan.

If you were looking for month to month electricity because you are moving soon, don’t worry. If you move before your electricity contract expires, simply provide your forwarding address and notify Payless Power that you are moving out. By law, they must waive the $99 early termination fee if you notify them and provide a change of address.

Compare Payless Power Fixed Rate Plans

Here are the numbers that prove our point. Why take a risk with a month to month electricity plan when their fixed rate option is so affordable?

Best Prepaid Electricity Plans in the Houston Area (Centerpoint)

Plan Name Term Rate/kWh
Payless Power Premier 12 12 15.1 ¢
Payless Power Simple 6 6 15.2 ¢

Best Prepaid Electricity Plans in Dallas Area (Oncor)

Plan Name Term Rate/kWh
Payless Power Premier 12 12 16.1 ¢
Payless Power Simple 6 6 16.1 ¢

To sign up for either plan with Payless Power call: 1-866-934-3451 or enter your zip code to shop for prepaid electricity plans in your area.

Shop Payless Power Best No Deposit Electricity

How to Use a Prepaid Electricity Plan to Build Your Credit

Pay as you go power is super convenient. But here’s the added bonus of being smart about managing your pre-paid electricity plan.

Your account will be on auto-pay so you’ll avoid being disconnected for non-payment.

Then, at the end of the year, you can request a Letter of Credit from Payless Power showing that you have perfect payment history. You can take that Letter of Credit to any other provider and get a waiver of deposit. Yup, Payless Power can help you build your credit.

Here is how to WIN at Prepaid Electricity:

  • Set up auto debit. Never worry about your balance again. Link your electricity account to your checking account, debit or credit card. When you hit a specific balance, Payless Power will simply “refill” your account with the amount of month you have specified.
  • Maintain a balance. Regardless of what prepaid plan you use, always monitor your account and maintain a balance so you avoid disconnection.
  • Check your usage. Just because you aren’t getting a bill, doesn’t mean you shouldn’t still be monitoring your usage and doing what you can to conserve. Payless Power lets you view your usage information online or via your phone.

How to Compare Payless Power Prepaid Plans vs. Other REPs

When you compare Payless Power plans to plans from other REPs, it helps to be aware of these three things:

  1. Know your usage
  2. Read the Electricity Facts Label.
  3. Understand Your Credit Score

Here’s why that’s important.

Know Your Usage.  It’s important to know your usage because it impacts your effective rate.  Your usage will be different month to month. And when folks guess their usage, they usually under or over estimate it. We recommend that you go online to your current account and download your usage history.

Read the Electricity Facts Label.  Once you know your usage, shopping is easy. You just need to review the Electricity Facts Label (EFL). The EFL will show you the average price at three usage levels — 500, 1000 and 2000 kWh. Always review the EFL details for the plan you are considering. This is especially important with plans that have tiered rates or that have a monthly bill credit or charge.

Understand Your Credit Score.  Most post-paid plans will require a deposit if your credit score is below 600. This deposit is 2 months worth of your estimated electricity bill. The average Texas electricity deposit is around $270. For a small apartment, your deposit could be $150-$170. You can read more about deposits and deposit waivers. If you are concerned about paying a deposit to start your electricity service, pre-paid is a good option.

If you want to view postpaid options too, you can go online and shop all Texas electricity plans >>

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