What is prepaid electricity?
Prepaid electricity, sometimes known as pay-as-you-go electricity, is a type of electric plan where customers pay for electricity they need before they actually use it.
Prepaid electric plans allow customers to have more control over what they pay, since they only pay for as much electricity as they need. Such plans are similar to pay-as-you-go cellphone plans. There are no contracts, no credit checks, and no deposits needed.
Prepaid electricity often is a good option for customers with less-than-perfect credit. One example where it could help: Someone who is formerly homeless and is trying to sign up for power without huge upfront costs.
If you think prepaid energy is the right choice for you, enter your ZIP code above to shop prepaid plans from top retail electric providers. If you still need to know more, let’s discuss the advantages and disadvantages of a prepaid plan to determine whether one is best for you.