Discount Power is a member of the NRG family of companies offering fixed- and variable-rate electricity plans to residents across Texas. Previously called Pennywise Power, Discount Power rebranded in April of 2019. Today, the Discount Power name reflects the company’s commitment to reliable electricity plans without hidden fees or surprise costs.
Ready to explore the Discount Power electric rates available in your area? Enter your ZIP code above to get started.
| Plan Name | Plan Length | Rate |
|---|---|---|
| Discount Power - Value Plus 12 | 12 months | $0.113 / kWh |
| Discount Power - Saver 24 | 24 months | $0.117 / kWh |
Please note: All rates above are accurate as of 9/17/2021, 4:36:40 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.
If you reside in a deregulated part of the country, you have the power to choose your own electricity provider – instead of having to purchase power from your local utility company. Deregulation is used as a way to increase competition among electricity companies and break up energy monopolies, but it’s also an excellent way for consumers to lock in cheaper rates.
The plans you see in the Choose Energy marketplace will vary depending on your location, but below are a few of the most popular options from Discount Power.
Discount Power charges an early termination fee, which varies depending on contract length. 12-month plans have a $150 early termination fee, while longer plans have a $200 early termination fee. This fee does not apply if the customer moves and provides a forwarding address (and other evidence that may be requested) to verify the move. Besides an early termination fee, Discount Power may charge you in other circumstances: Disconnection Notice Fee ($10), Returned Payment Charge ($30), Disconnect Recovery Charge ($30), or Late Payment Penalty (5% of past due balances). More information is available in the pricing section of the Terms of Service.
If you’re looking for an electricity provider with straightforward plans and pricing, Discount Power could be a good option. The company prides itself on transparency and doesn’t charge any hidden fees or costs. To check current Discount Power rates and plans available near you, enter your ZIP code above.
Shopping for a deregulated energy plan can seem overwhelming. With the sheer number of potential energy providers, many find it difficult to narrow down their options. Choose Energy wants to help empower consumers to find the right electricity plan at an affordable rate.
To ensure that our customers are able to choose a great energy provider, Choose Energy compiled a scoring model to review top electric providers in Texas. The Choose Energy reviews model is based on unbiased and quantitative criteria to ensure provider scores remain objective.
We’ve broken down our scoring model into three main categories:
Using these criteria, Choose Energy assigns impartial reviews to top electricity providers in Texas. To learn more about electric provider reviews, see our full list here.
In customer service, Discount Power was held back by its lack of a satisfaction guarantee and an average rating on the latest scorecard from the Public Utility Commission of Texas, here. Satisfaction guarantee was ranked five or zero on a yes or no basis.
Discount Power delivered in online accessibility, with online bill pay, online chat, and access to usage alerts all available to its customers.
Discount Power is an NRG brand with about 12 years in the deregulated energy business. It also boasts BBB accreditation with an A+ rating, earning it a five for the category. The BBB accreditation is used as a measure of each brand’s reputation and awareness, which is why we’ve included it here.
(Review updated 3/23/2021)
Discount Power offers residents choices to fit any budget, with month-to-month or longer-term options as well as fixed and variable rates. The electricity company’s fixed-rate plans can accommodate both high and low energy users without hidden fees or billing surprises. Discount Power specializes exclusively in residential energy.
When you sign up with Discount Power, you will be asked to provide your personal details for a credit check. Depending on the results, you may be required to pay a deposit before beginning electricity service with Discount Power. If you’re nervous about passing a credit check or paying a deposit, check out our guide to no-deposit electricity plans.
Are you switching to Discount Power from another provider? Or are you an existing Discount Power customer and thinking about moving? In either case, you’ll find that it’s easy to transfer your service.
You can use the Choose Energy marketplace to compare electricity companies and sign up for a new plan. After you’ve chosen your new supplier, there’s no extra work on your end to transfer your service. Your new provider will manage the logistics, and you shouldn’t experience any disruptions to your power.
Like homeowners, renters are also welcome to sign up with Discount Power. There aren’t any specific plans for apartments or other rental properties, so you’re free to take advantage of any Discount Power plans available in your area. Enter a ZIP code above to find current rates near you.
When you’re ready to find a new electricity company, you can use the Choose Energy marketplace to quickly browse, compare, and sign up for a plan of your choice. Here’s how it works.
Like most providers, Discount Power offers two types of electricity rates: fixed and variable. When you opt for a fixed-rate plan, you’ll enter into a contract with the provider (usually 12 months or longer). During this period, your rate will remain stable, giving you more predictable energy bills.
In contrast, variable-rate plans don’t come with long-term contracts, so they’re a good choice if you aren’t interested in an extended commitment. However, your rate isn’t locked in, so your bill is likely to fluctuate from one billing cycle to another. This can lead to a spike in your energy bills during periods of high demand.
Discount Power charges cancellation fees on its fixed-rate plans. If you’re on the Secure Plus 12 Preferred plan, you’ll have to pay $150 to cancel your contract early. Similarly, there’s a $200 cancellation fee with the Secure Plus 24 plan. However, it’s important to mention that these fees aren’t charged if you cancel early because you’re moving.
Ready to find Discount Power electric rates in your area? Visit the top of this page and enter your ZIP code to see current rates near you. Be sure to limit the search results to your city because suppliers offer different rates in certain regions (due to varying utility charges).
Type in your ZIP code above to view Discount Power plans within your area.
Discount Power doesn’t sell commercial energy plans. But if you’re looking for a new electricity provider for your business, Choose Energy can help you build a plan to fit your needs. Call the number on this page or fill out this form to learn more about a business energy plan near you.
What makes Discount Power unique?
Discount Power is a Texas-based electricity company that focuses on serving customers throughout the Lone Star State at an affordable cost. You can read our Discount Power reviews above for more information about the company’s advantages and disadvantages.
What is the best Discount Power plan?
It depends on your needs and preferences. If you’re looking for a shorter contract, then the Secure Plus 12 Preferred plan might be best for you. Or if you’re interested in something with a longer agreement, you can opt for the Secure Plus 24.
How does Discount Power compare to other electricity providers?
Although Discount Power doesn’t offer as many plans as some of its competitors, the company provides simple and straightforward pricing. To compare current Discount Power rates with other providers in your area, enter your ZIP code above.
What is the cheapest Discount Power plan?
The Secure Plus 12 Preferred plan is the cheapest of the Discount Power plans available through Choose Energy. However, this can differ depending on your location. Enter your ZIP code to see current rates near you.
Before signing up with a new electricity company, make sure to check the plan’s Electricity Facts Label (EFL). It should include key information, such as:
If you’re frustrated by high electricity bills, there are a few steps that you can take to reduce your costs. For example, comparing plan options and switching to a new provider may help you lower your bill. You can also purchase energy-efficient appliances or sign up for a renewable energy plan to limit your usage.
Updated: 9/17/2021