Discover no-deposit prepaid plans with Payless Power.
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Payless Power was founded in 2005 to help Texas customers with no credit or poor credit histories secure electricity service. Its prepaid electric plans are available to anyone without a deposit, and your service can even begin the day you sign up.
Payless Power’s prepaid electric plans are available throughout the Lone Star State. Enter your ZIP code now to find your next plan with Choose Energy.
| Plan Name | Plan Length | Rate |
|---|---|---|
| Payless Power - 12 Month - Prepaid | 12 months | $0.172 / kWh |
| Payless Power - 6 Month - Prepaid | 6 months | $0.174 / kWh |
Please note: All rates above are accurate as of 4/28/2024, 5:10:26 PM CDT for ZIP Code 75001. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
Payless Power was founded to make electricity service affordable and accessible for all Texans. Anyone can sign up for a prepaid plan without a security deposit, regardless of your credit score. The company offers competitive electricity rates to residents and businesses throughout the state.
Payless energy plan perks include:
Payless Power is one of the top prepaid energy providers on the SaveOnEnergy marketplace. We carefully vet our featured providers to ensure they meet our high standards.
For our trusted partners, SaveOnEnergy looks at key criteria like:
Payless Power excels in several of these categories, and SaveOnEnergy is proud to include its plans on our marketplace.
Payless Power focuses exclusively on offering prepaid, fixed-rate plans in Texas:
Enter your ZIP code to compare Payless Power plans available in your area on the Choose Energy marketplace.
Payless Power specializes in no-deposit energy plans. Because you pay for your electricity before you use it, you don’t need to put down a security deposit. That means any money you pay goes directly toward the costs of electricity.
Every Texas electricity plan includes a percentage of green energy. Payless Power’s Texas energy plans are powered by 25.5% renewable energy from wind and solar power. The company doesn’t currently offer any 100% green energy plans.
If you’re moving to a new address and want to transfer your Payless electric service, you can set up a new account at your new home. Call Payless Power’s customer service and provide your new address and transfer date information. If you’re moving out of Payless Power’s Texas service area, you can switch to a new provider on the Choose Energy marketplace.
Renters may be unsure how long they will stay in one place, and Payless Power offers great short-term options. While its plans aren’t month-to-month, it has short six- and 12-month contracts to fit well with typical lease terms, allowing you to change your plan or provider sooner rather than later.
As is typically the case with fixed-rate plans, Payless Power charges early termination fees (ETFs) to customers who end their contract before it expires. If you cancel your plan early without moving out of the Payless energy service area, you’ll pay an ETF of $99.
Payless Power offers energy plans for business customers in and around Dallas. To learn more, visit our commercial energy page. Our energy experts can help you build a customized commercial energy plan.
Payless Power specializes in prepaid electricity plans and is one of the top no-deposit electricity companies in Texas. Here is a look at the two main types of Payless Power plans:
Payless Power’s 12-month plan is a prepaid, no-deposit plan with a 12-month contract. Your electricity rate won’t change during those 12 months. With this plan, you can start your service without an upfront deposit. You’ll pay for your electricity as you go, refilling your account as needed to maintain service. If you cancel your Payless Power plan before the contract ends, you’ll pay a $99 early termination fee (ETF). You can find this information and more in your plan’s Electricity Facts Label (EFL).
The Payless 6-month plan is similar to the 12-month plan, but you’ll have a six-month contract rather than 12 months. There’s still no credit requirement or upfront deposit. You’ll just need to maintain a balance in your account to keep your service going. You will incur a $99 ETF if you end your contract early. This plan is best for customers who prefer short-term contracts.
Payless Power operates throughout Texas, working with a variety of utility companies in the following service areas:
Payless Power may charge different electricity rates in different parts of Texas, primarily because of varying transmission charges from local utility companies. When shopping for electricity plans, it’s important to look up rates for your area to ensure they’re accurate. Enter your ZIP code on our marketplace to check today’s Payless Power rates near you.
| Overall Score | 3.7/5 |
| Customer Service | 3/5 |
| Online Accessibility | 3.3/5 |
| Business History | 5/5 |
SaveOnEnergy has 20 years of experience working with various top-tier providers in deregulated markets. We review companies based on their customer service, history in business, and ease of online access. Based on these criteria, we gave a 3.7 out of 5 in our Payless Power review. Visit our full reviews page for more info.
SaveOnEnergy makes it easy to compare your options for electricity service in Texas. You can quickly sign up for a plan, and your new provider will take it from there.
With SaveOnEnergy, the process of finding your next Texas energy plan is a breeze. There’s no cost to use our marketplace, and you can compare plans and sign up in one streamlined process.
To get started, enter your ZIP code and filter your search results based on providers, contract and rate types, green energy, and more. You can compare plans side by side and sign up online or over the phone when you’re ready.
Home energy costs can take up a big part of your budget, so it’s important to find ways to reduce your energy bills wherever possible. Some of the simplest ways to lower your energy consumption include reducing your HVAC usage and installing more energy-efficient windows and appliances. You may also be able to save by locking in a new electricity plan with a lower rate.
What is the best Payless Power plan?
You can find two Payless Power plan types on the Choose Energy marketplace, both prepaid with no credit requirement and no deposit. One is fixed for six months, and the other is fixed for a year, so the right plan for you depends on how long you want to secure your rate.
What is the cheapest Payless Power plan?
Both Payless Power plans offer similar rates, regardless of how much energy you use.
What makes Payless Power unique?
Customers like Payless Power because of its uncomplicated plan structure. Just add funds to start your account and enjoy up to 12 months of fixed-rate energy savings.
How does Payless Power compare to other electricity providers?
Payless Power earns high marks in customer service and online accessibility, including daily alerts on electricity usage. Compared to other providers, it’s easy to get started with a Payless Power plan since no deposit is needed.
