With the deregulation of Texas electric companies, both the private residents and business of Texas have the option to choose their electric service providers.  Along with these choices is the option to get prepaid electricity.  This is a much more palatable option for anyone that is experiencing money or credit problems.  Times are hard.  It is hard to pay many of the expenses that are associated with everyday living.  It is about time that electric companies are willing to accommodate those that are falling upon hard times and need some form of relief in terms of electric service.  Prepaid electricity is one of the ways in which electric companies are accommodating their customers.

Exactly what is Prepaid Electricity?

Prepaid electricity is electricity that is paid for in advance.  You have the opportunity to shop around for electric service.  There are Retail Electric Providers (REP) that have services plans that provide many different services.  It is up to you to shop for the service that best fits your wallet.  You can base your choice on cost, service or other things such as the types of electricity that are offered. Whatever the case, instead of receiving a monthly bill that you cannot afford, you can now shop around for electricity and know what you are getting on a monthly basis.

Traditional Electric Companies

The way that traditional electric companies did business was not working for many people in Texas.  Most of these companies required that you put down deposits or provided private credit check information before they provided electric service.  For many people, this is simply a normal credit check and they tolerate it.  However, for others, this was just a basic impossibility.  If your credit is bad, you are given service, but many times you have to pay so much more for it.  In addition, you have to pay a huge deposit that you may never get back if you have too many missed or late payments.  This traditional business model just was not working for the average customer.  However, with prepaid electricity services, you don’t have to be bothered with traditional electric companies that treat you like a number with credit problems.  You have the opportunity to find a company that can provide electric service based upon your needs.

Benefits of Prepaid Electricity

There are numerous benefits of prepaid electricity.  The most important one is that you finally get the service that is right for you.  You have the ability to choose your service provider and electricity service.  You know exactly what you are getting and how much you will be paying for it.   Because you paid for your electricity in advance, you basically locked a price that you can afford.  As a result, it will be much easier for you to budget your electric expenses.

All in all, prepaid electricity is a good option for Texas residents with little or poor credit.  You know exactly what type of electric service before it arrives.  In addition, you get to lock in an amount of electricity that you can afford.  But most importantly, you will receive your electricity without having to endure credit checks or pay huge deposits.  This is definitely good for everyone concerned.

What is a prepaid electric service provider? These companies offer a low flat rated for electric services, and these amounts usually depend on the number of bedrooms in your home. That means that for someone who has a one bedroom home or apartment, you could be paying as low as $129 for the first month, which translates to just under 15 cents per kilowatt hour, including taxes and any other fees.  This is not just for residential services, but businesses can get in on these substantial savings as well.

There are other reasons that these companies are offering prepaid service as well. The problems with a lot of utility companies is that the are always asking for a credit card, or a deposit, and almost all of them do a credit background check before the even connect you. Then, if you have poor credit, or a lack of history, they will often require a higher deposit, and charge you more per kilowatt hour, without even telling you. Then they either require payments in the form of a check, or credit card, or even as an automatic withdraw from a bank account.

Any of these things sounding familiar? Maybe you have poor credit, or are just starting out and don’t have any credit at all. Many people don’t have, or can’t get a credit card, avoid checks like the plague, or don’t have even a bank account. These people deal in cash only, and if they can’t afford it, they don’t buy it. Some people are just tired of the skyrocketing price for electricity itself, because it seems like rates change as rapidly as the weather can in some places.

For whatever the reasons, this is where prepaid electric service providers come into play. They don’t care about your credit, and don’t even look at it. They don’t require a deposit, and in some cases, don’t even charge you up front. Any taxes and fees are included in the monthly bill, and the Kilowatt rates don’t go up and down. With an abundance of different payment locations, you can find one in your area, where you can go in and pay your bill in cash if you need too.

No matter what your individual situation, you have the right to have the power to choose electricity services, for you and your family if you have one. You also have a right to choose the type of prepaid electrical service provider, getting the most features, the lowest prices, and the best services possible. If you live in a state like Texas, deregulation and new laws have opened the doors for all kinds of companies offering prepaid electricity services. Because of the new rules, these companies have to prove that they are financially secure, so there is no worry that you will have services one minute, and have to go somewhere else the next.

If you’re in Texas, you’re in luck, because you can take advantage of something called prepaid electricity; that is, you can buy your electricity ahead of time, before you use it. This is very advantageous to you, for several reasons.

With prepaid electricity, you can research different providers to find the lowest rates for you, and then buy your electricity before you use it. When you do this, you in effect “lock in” your rates at the current low price for the amount you pay for.

No ID check, no credit check, no deposit

Many companies that offer prepaid electricity won’t require you to give them an ID to sign up, won’t check your credit, and won’t require a deposit. This is a very good thing indeed if you’ve struggled financially and have had difficulty getting your electricity needs met with other providers. In addition, because there is no credit check electricity, you can be assured that your personal information is safe; no nosing around in your credit file by individuals you don’t know and would rather not share information with.

No surprises

Unfortunately, with traditional electric provider setups, you are billed on a monthly basis, based upon current energy rates. It can be very difficult to budget your electricity this way, since you never know from one month to the next how much rates are going to rise; this can leave you in a quandary if you get a much higher bill than you expected, because rates have taken a jump. By using prepaid electricity, you can be sure that you can budget your monthly electric bills, no surprises, and no worrying about how you’re going to pay your bill. It’s all taken care of, and again, there’s no deposit and no credit check required, so that your personal information stays private.

Easy to budget

Because you know exactly how much electricity you can use every month, you can budget easily for your electricity. Most companies that provide prepaid electricity will also show you how to budget sensibly so that you can conserve on electricity, too, thus stretching your budget even further. This is good news in tight times, when paying the bills on time is a necessity, but can be difficult depending on your financial situation.

Lock in rates 

Best of all, you don’t have to worry about rate hikes for the period of time you lock-in for your prepaid electricity. That is, if you lock-in for the month, you won’t have to worry about rate hikes for that next 30 days. In addition, it’s easy to find the most competitive rates in your area simply by doing an online search of available providers and choosing the best one with the best service via sites like ChooseEnergy.com.

Many people struggle today to pay expenses, and in a lot of cases may have bad or marginal credit. The biggest problems for these people is it seems that everywhere you go, people are checking credit, and even if you are paying your bills, but may have a few delinquencies here and there, companies look at you as a high credit risk, and can charge you higher rates, ask for outrageous deposits, and generally make you feel like a second class citizen. Whether it is a cell phone company, or even a utility company, it can be very depressing.

Well at least on one front you don’t have to put up with this anymore. With the deregulation of utility companies, no longer can big utility monopolies control your choices when it comes to your power needs. No more getting charged higher rates for poor services, and no more having to come up with outrageous deposits just to be able to get these services. Now you have more choices, and this gives you the power instead of the other way around.

One of the best places to find the right company to suite your needs is chooseenergy.com. Instead of having to shuffle through dozens of different websites individually to find your company, this service works exactly the opposite way. All the utility companies available are at your fingertips, and you can navigate through each one quickly and easily. There are many different companies to choose from that don’t require a deposit or do credit checks, and you can even pay your bills in cash, if you don’t have a credit card.  PrePaid electricity is also an option via the pay-as-you-go service from dPi Energy.

Let’s talk about dPi Energy. This company is quite unlike other utility companies. They don’t do any kind of credit checks, and require no deposits. There are no long term contracts, and you still get competitive and reliable services as any higher paid electrical companies. They even have pay-as-you-go options, and flexible payment options, and you can even pay in cash at one of their many convenient neighborhood outlets. With services all around the big state of Texas, including Fort Worth, Dallas, Odessa, Abilene and even Waco, just to name a few, you are sure to find one close to where you live.

Rates for dPi start at just $99 for a one bedroom home for the first month, and only $229 for four or more bedrooms. You can get kilowatt hourly rates for under fifteen cents, depending on your needs. You don’t even need an I.D. to sign up and get started, so your personal information is completely safe. They also charge residential costumers and commercial businesses differently, so there is no cookie cutter utility service. Your rates are reasonably going to be different, as well as cheaper than a commercial billing, you aren’t using the same amount of energy that a business does, and shouldn’t be charged the same.

This is just one of the many different prepaid, no credit check, no deposit companies available. This is one of the many advantages of using chooseenergy.com. There are many more to pick from, all in one convenient location. You can choose the one that best fits your needs, has the lowest rates, and the most flexible payment options.