When Texas consumers shop and compare electricity rates, they learn that there are two basic types of service. Postpaid electric service is the most common arrangement. The electricity company bills the customer based on how much energy they used since the last meter reading. Prepaid electric service is very different and requires the customer to pay for kilowatt-hours they will use in the future. Thanks to smart meters, prepaid electricity plans have come a long way from the clunky billing process of the past.
Read below to learn more about the following: electricity deposits, smart meters and prepaid electricity in Dallas, and the best prepaid plans listed on ElectricityMatch.
First, we examine why a consumer would be interested in a prepaid electricity plan. Your credit score considers many factors but mainly reflects your past payment issues. The problem is that your current ability to pay may have little to do with those tough times. When you try to sign up for a traditional electricity plan, you are informed that a deposit is required. Although the Public Utility Commission of Texas limits the deposit amount, it can still be a decent chunk of change. Having your hard-earned cash tied up in deposits may hinder your ability to pay your electricity or other household bills.
This feels a bit like chasing your tail: poor credit history leads to deposits that can lead to additional bad credit experiences. If avoiding a deposit with your electricity company helps you to stay current with your bills, then prepaid electricity may be your best option.
Smart Meters and Prepaid Electricity Service
Smart meters allow your electricity provider to monitor your energy use without waiting for a monthly meter reading. The smart meter records and stores your electricity usage in 15-minutes intervals. Smart meter communication is two-way, which allows prompt disconnection of service for non-payment. This technology is perfect for making prepaid electricity plans consumer-friendly and practical.
Prepaid electricity is now able to operate similar to prepaid calling cards and prepaid cell phone service. You simply establish an initial balance and then receive daily text or email notifications showing how much electricity you used. You will also see how much the electricity cost, balance, and an estimate of when additional payment is required.
Recharing Your Account
Loading additional money into your account has also been simplified. Payless Power, one of the pioneers in prepaid electric service, allows you recharge your account online or by phone using a credit card. Payless Power also accepts cash payments at thousands of payment centers across Texas to add money to the account.
These improvements in prepaid electricity have truly made it a great product for people with poor credit. Now your cash can be used for staying current with payments and improving your credit history instead of being tied up in utility deposits.
Best Prepaid Electricity Dallas Plans on ElectricityMatch:
Payless Power Premier 12 – 12 month fixed prepaid Dallas electricity rate. The key difference with Payless Power is that service is paid for in advance and No Credit Check is Required.
Payless Power Easy Choice – If you on’t want to lock in for a long term rate – check out this Month-to-month prepaid Dallas electrcity plan. This plan also offers a no credit check requirement and offers an affordable rate whether you are in an apartment or single family house.
Prepaid Electricity plans in Dallas are not what they used to be. These plans listed above from Payless offer very good options for those that do not want a credit check for their Dallas electricity needs.
Prepaid Electricity In Texas
You live in Texas so you know that the summers can be brutal. The electricity bill is the last thing to want to worry about during a heatwave. Avoid those high summer bills with prepaid electricity by paying your electricity bill in advance. And, if there’s ever an emergency situation where you need to ration your electricity usage, you’ll be glad you have a prepaid plan with usage alerts.
How Does Prepaid Electricity Work in Texas?
Prepaid electricity plans have become increasingly popular in recent years, and for a good reason. These types of plans allow customers to pay for their electricity usage in advance. This means that you’ll never have to worry about receiving a bill at the end of the month. Instead, you can simply pay for your electricity usage as you go.
A prepaid plan has a few different ways to pay for your electricity. You can add money and recharge your account by making payments over the phone or online whenever your account balance gets low.
You’ll be able to monitor your usage online or through a mobile app. This will allow you to see how much electricity you have left and make sure that you don’t run out before your next billing cycle.
Why Choose Prepaid Electricity in Dallas, Texas?
There are a few different reasons why you might want to consider prepaid electricity in Texas.
1) Avoid Late Fees And No Deposit Required:
That can be time consuming as well. With prepaid electricity, you’ll never have to worry about being late on your payment because you pay in advance. Also – these plans typically do not require a deposit or credit check to begin service. You can get instant approval.
2) Get Peace Of Mind:
Perhaps the best reason to sign up for prepaid electricity is for the peace of mind it can provide. If there’s ever an emergency situation where you need to ration your electricity usage, you’ll be glad you have a prepaid plan.
3) Choose The Plan Right For you:
When you sign up for a prepaid electricity plan, you can select from multiple options. Decide if you want to go month-to-month or sign up for a term plan such as 6 or 12 months. The term plans typically cost less than the month-to-month plans.
Choosing The Right Prepaid Electricity Plan In Texas
Now that you know the benefits of prepaid electricity, you might be wondering how to choose the right plan for your needs. Here are a few things to keep in mind:
1) How Much Electricity Do You Use?
The first thing you’ll need to consider is how much electricity you use monthly and how long will you be at your current home. This will help you determine the best plan for your needs. If you don’t plan on staying at your current home for long – or just want to test out pre pay plans, you might be better off with a plan that allows you to month-to-month.
2) What’s Your Budget?
Another important factor to consider is your budget. When it comes to prepaid electricity, you’ll need to decide how much you’re willing to spend each month. This will help you narrow down your options and choose a plan that fits your budget and your amount of usage. You can track your usage and avoid going over by turning off some appliancesor adjusting your thermostat to conserve power.
3) Consider The long-term Cost:
It’s important to keep in mind that the initial cost of a prepaid electricity plan might be higher than the traditional post-paid option. If you are going to be living at your current location for long-term – try a term rate plan and possibly transition over to a post paid term plan.
5) Compare Prepaid Electricity Plans:
Now that you know what to look for in a prepaid electricity plan, you can start comparing your options. There are a few different ways to do this. First, visit our preferred prepaid electricity provider partner – Payless Power and compare their plans side-by-side. This is a great way to get an idea of what’s available.
Prepaid electricity in Texas is becoming more and more popular. More people are finding that it is a great way to track their electric bills. If you’re looking for a prepaid electricity plan in Texas, be sure to consider your needs and compare your options.