One of the most common types of no-deposit electricity plans is a prepaid plan. With these energy plans, customers pay for their monthly service up front, and no deposit is required. Same-day electricity connection ensures that you only pay for the energy you use.
It’s important to note that same-day prepaid electricity rates can be higher than rates for standard plans. Also, electricity rates can vary based on where you live. This is especially important in areas like Texas, where TDU charges can differ based on the local light company. Make sure to thoroughly research your options before signing up for a plan.
How does a no-deposit prepaid energy plan work?
Paying up front for energy with a no-deposit or prepaid energy plan works a little differently than other plans where your provider bills you monthly. Instead, you will receive regular updates about your electricity usage throughout the month to help you manage your costs. If your energy usage approaches the amount you have paid, you will receive a notice to add more funds to your account.
If you are interested in finding a no-deposit electricity plan in your area, enter your ZIP code. We’ll show you all the available options, and you can filter based on your preferences. Choose Energy will let you know whether the plan you’re considering requires a deposit and show you all of your options if you don’t want to pay for one. Once you’ve decided on a plan, you can sign up for it online.
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