Learn if a no-deposit light plan is right for you.
At Choose Energy, our reporters seek out information that puts you in control of your energy. Our partners do not direct our editorial content, though we may reference their products in our posts. Read about how we make money to learn more.
Many electricity providers require customers to pay a deposit to begin service if they do not meet a credit threshold. To offer an opposite route, some providers specialize in no-deposit light plans that allow customers to skip the upfront fee. Unlike standard fixed-rate and variable-rate plans, no-deposit options don’t require passing a credit check. Keep reading to learn if a no-deposit light plan is right for you.
| Plan Name | Plan Length | Rate |
|---|---|---|
| Payless Power - 6 Month - prepaid | 6 months | $0.201 / kWh |
| Payless Power - 12 Month - prepaid | 12 months | $0.201 / kWh |
Please note: All rates above are accurate as of 3/15/2025, 8:45:09 AM 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.
Choose Energy is a free marketplace that can help you find no-deposit, no-credit-check light plans. In Texas, the top no-deposit plans on our marketplace are prepaid plans offered by Payless Power. Review the details of these plans.
| Provider | Plan Name | Current Rate | Term Length |
|---|---|---|---|
| Payless Power | 6 Month - prepaid | 17.8 cents per kWh | 6 months |
| Payless Power | 12 Month - prepaid | 18.4 cents per kWh | 12 months |
*Note: These rates are current for Houston, Texas, at the time of writing on 12/05/24. Rates change frequently by location and date. Enter your ZIP code to view today’s prices for your location.
If you are unsure about signing up for a prepaid plan, call the number on your screen to speak with our energy experts. They can help you determine which plan best suits your energy needs.
Signing up for a prepaid energy plan is one way to avoid any deposit fees that come with other plan types. You could also avoid paying a deposit for an energy plan if:
The Choose Energy marketplace is a one-stop shop to explore your options and sign up for no-deposit electricity plans. We’ll run a soft credit check, which won’t affect your credit score, to help you find cheap energy companies offering prepaid plans.
Prepaid energy plans allow you to prepay for your monthly electricity. Under this type of plan, you preload your account with funds to begin service. Once your light plan starts, you can reload your account as needed. Your energy provider will update you regularly about your account usage to help you manage your energy costs.
Top no-deposit, no-credit-check providers in Texas include Payless Power, Acacia, BKV, and more. Our energy experts recommend exploring plans from Payless Power due to its flexible, low-cost options.
Payless Power is popular across Texas and offers multiple solutions for residents and businesses seeking cheap light plans. Here are some perks for this provider:
The main downside to no-deposit plans is that they typically charge a higher rate for electricity than fixed-rate options. Explore cheap electricity options by entering your ZIP code on our marketplace or calling our energy experts today.
Some light companies offer no-deposit plans to households within a certain income threshold. You may need to provide documentation proving you meet this requirement before enrolling. Other common deposit exemptions include customers over the age of 65, members of the military, and customers with medical indigency.
No-deposit electricity is a category of energy plans similar to fixed-rate and variable-rate plans. There are a few ways an energy plan can be considered “no-deposit,” including if your credit score exempts you from paying a deposit. Prepaid electricity plans are a common type of no-deposit option where you pay for your energy upfront instead of paying a deposit.
You must sign a contract to lock in your electricity rate for Payless Power’s plans on Choose Energy. Our marketplace offers two options: a six- or 12-month plan. You should always review a plan’s Electricity Facts Label (EFL) to understand the details before signing up.
Reliant Energy is a Houston-based retail energy provider (REP) that has powered millions of homes and businesses across the Lone Star State. This provider is
TXU Energy is a Texas retail energy provider (REP) that has operated across the Lone Star State since 1984. Not only is TXU Energy one
