Discount Power Rates and Plans

Retail electricity supplier in Texas

For business

About Discount Power

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 see what Discount Power is offering in your area? Enter your ZIP code above to get started.

Discount Power electricity rates

Plan Name Plan Length Rate
Discount Power - Value Plus 12 12 months $0.101 / kWh
Discount Power - Wise Buy 24 24 months $0.104 / kWh
Discount Power - Saver 24 24 months $0.110 / kWh

Please note: All rates above are accurate as of 9/20/2020, 8:07:49 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.

Discount Power plans

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. Enter your ZIP code above to see all offers in your area.

Prime Plus 15

The Prime Plus plan strikes a balance between short- and long-term plans and is ideal for awkward lease term lengths. Enjoy a simple fixed rate for the duration of your contract.

Saver 24

Customers with the Saver 24 plan can profit from a low fixed rate for two years. Avoid swings in the electricity market and rest assured your rate is secure.

Simple 36

This plan offers customers price protection for three whole years with an easy fixed rate. There are no tiers, credits, or complicated features to keep track of, making it ideal for simplicity.

Wise Buy 24

This two-year plan is good for high energy users, with no minimum usage charge over 1000 kWh. It is a fixed rate option so you can lock in stability.

Wise Buy Monthly

A variable rate option of the Wise Buy 24, this plan has no minimum charge if you use at least 1000 kWh, plus the flexibility of a month-to-month option.

Discount Power review

Choose Energy score: 3.8 out of 5

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:

  • Customer service
  • Online accessibility
  • Business history

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.

 Customer service: 1.5 out of 5

  • P2C complaint score: 3
  • Satisfaction guarantee: 0

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.

Online accessibility: 5 out of 5

  • Online bill pay: 5
  • Online chat: 5
  • Access to usage alerts & trends: 5

Discount Power delivered in online accessibility, with online bill pay, online chat, and access to usage alerts all available to its customers.

Business history: 5 out of 5

  • Years in business: 5
  • Better Business Bureau accreditation: 5

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.

(Updated June 27, 2020)

Discount Power core energy services

Discount Power for home

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 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.

Discount Power service areas

  • AEP Texas Central. This service area includes the cities of Corpus Christi, McAllen, Harlingen, and Laredo.
  • AEP Texas North. This service area spans areas of northern Texas including Abilene, San Angelo, and Vernon.
  • CenterPoint Energy. The CenterPoint service area includes two million residences and businesses in the Houston metropolitan area.
  • Oncor Electric Delivery. Oncor operates one of Texas’ biggest service areas, including Dallas, Plano, Paris, and other communities across the state.
  • Texas-New Mexico Power. This service area includes communities in Houston, DallasFort Worth, and Midland.

Texas electricity rates FAQ

Picking the right energy plan

Much of what energy plan is right for you depends on your usage, but a good way to start is by deciding how much price stability you would like. If you want to profit from market lows and don’t mind a bit of risk, a variable rate plan may be right for you since the rate you pay changes with market demand. If you want a more predictable energy supply, a fixed rate plan is a better option since your rate will be set when you sign your contract and won’t change. For a list of all the options and help deciding, see our energy plan guide.

Moving and switching providers

Energy companies understand that moves happen, so they don’t charge early termination fees for ending your contract early for a move. You can search for a new plan and select the date you want to start service up to 90 days in advance.

If you are not moving but want to switch providers, you’ll need to pay more attention to early termination fees. If you have a variable rate plan, you can usually switch at any time without fees. If you have a longer contract, you can switch up to 14 days before your contract ends without fees.

Whether you are moving or switching, the process is easy. Enter your ZIP code above to see rates and plans in your area. When you find one you like, enter a few details. We’ll send everything to your new provider, and they’ll take it from there. Learn more about switching here or see our moving guide here.

Deposits, credit checks, and set up

Almost all energy companies require that customers undergo a credit check before providing service. They also set certain credit levels that they agree to accept without a deposit. If you fall below this level, you may need to pay a deposit or select a different provider.

When you select a plan, we will let you know if a deposit may be required of you. There are also a few options for energy plans that never require credit checks or deposits, though the rate you pay may be slightly higher. For more information, see our deposits page.

Once you sign up for a plan, your new provider coordinates with your utility company and old provider (if necessary) to manage the set up. Most homes have smart meters, which means your service can be started remotely without a technician visit.

Updated: 7/1/2020