Are there no deposit electricity plans?
Yes, there are no-deposit electricity plans. Many of our standard plans wind up being no-deposit. Fewer than 10 percent of our customers wind up paying deposits before beginning service. That’s because we have lots of options, and we check them out on our customers’ behalf.
Most providers require a credit check when enrolling customers in a plan. That’s why we run your credit in the first place – don’t worry, we run a soft check that won’t hurt your score. The results of those checks determine whether the provider will require a deposit.
But even if you don’t have perfect credit, Choose Energy’s marketplace includes cheap no-deposit plans for those whose credit score has room for improvement.