Payless Power rates, plans, and reviews

Prepaid plans are Payless Power’s signature feature. The company offers no-deposit electricity plans, which benefit residents who do not want to undergo a credit check or pay a service deposit. With Payless Power’s plans, you can pay for your service in advance without having to put down a security deposit.

A deregulated energy market enables big savings for consumers, but there’s a lot to navigate. To ensure you can find a reliable energy plan, Choose Energy takes time to analyze each electricity partner in Texas. We consider key factors like service reliability, plan variety, rates, and customer service when selecting our partner providers. Payless Power meets these important criteria, which makes it a company we’re proud to feature on our marketplace.

Types of rates offered by Payless Power

Payless Power offers fixed-rate electric plans. With this type of plan, you will pay the same rate for the entire term of your contract. You don’t have to worry about spikes in electric prices relating to climate, market conditions, or other factors. 

No-deposit options from Payless Power

When you sign up for electricity service, some providers might run your credit. If your score doesn’t meet their threshold, you may have to put down a security deposit before beginning service.

An alternative is a no-deposit plan through Payless Power. These plans do not require a credit check or deposit. Instead, you pay as you go for service. Once your balance runs low, you can set up email or text alerts to notify you to replenish your account. This provides an easier way to manage your electricity account, especially if you move often or don’t want to tie up funds in a deposit.

Green energy with Payless Power

Texas is a leader in renewable energy, producing the most wind energy of any state and among the top five for solar power. Because of this, all electricity plans in the Lone Star State include at least a portion of green energy, which you can find on each plan’s Electricity Facts Label (EFL). Payless Power’s prepaid plans are powered by 26.2% green energy.

Before your move, you can use Choose Energy to find out if you can transfer your Payless electric service to your new address. Enter your new ZIP code to explore all the plans and Payless Power rates available in your area. If you find a plan from Payless Power, sign up online now and your provider will handle the rest. 

We also offer helpful resources to assist you every step of the way. Our guide on how to switch electric providers can help you better understand the process. Our energy buying guide goes further, explaining what to look for in a provider, the types of plans available, and much more. Use these resources and our marketplace to take the guesswork out of shopping for energy.

Renting with Payless Power

Payless Power offers great options for renters. With contracts as short as six months and no deposit required, these Payless Power plans have the flexibility that many renters seek from an energy provider. 

Cancellation fees

Like most electric providers, Payless Power charges cancellation fees if you terminate service before your contract ends. If you cancel early, you have to pay an early termination fee (ETF) of $99. However, if you are moving out of the service area, Payless Power waives the fee. 

Satisfaction guarantee

They do offer a guarantee. If you sign up for services and do not like a plan, you have 30 days to switch it without incurring any fees. It gives you a risk-free way to try a new one.

Payless Power business electricity

Businesses in your area can also benefit from deregulation. Payless Power provides electricity to businesses through its partnership with Utility Choice. Visit our business energy page or call Choose Energy at the number on your screen to speak with one of our energy experts about building a customized energy plan for your business.

Other Payless Power initiatives

Some of Payless Powers’ most unique features are its transparency and user-friendliness. Via text or email, you can track your electricity usage, note the kilowatt-hours you’ve consumed for the day, view your remaining balance, review your savings for the day, and check the number of days remaining in your cycle. 

Payless Power offers two main plans, which you can find and explore on the Choose Energy marketplace.

Simple 6

The Simple 6 plan is a fixed-rate plan that sets your Payless Power rate for six months. You won’t need to run a credit check or pay a deposit to sign up, and you can pay for your electricity as you go. As with all Payless Power plans, you can easily access your usage information online. If you cancel early, you’ll pay a $99 ETF.

Premier 12

This Payless Power prepaid plan is similar to the one listed previously, except that it has a 12-month contract. There is a $99 ETF, but prices are relatively equal at all usage levels. We recommend this prepaid plan for customers who don’t want to assume the risk of potential market fluctuations. For both plans, you can pay as you go in increments of $40, but it’s best to put down $75 at a time to avoid any processing fees.

Payless Power operates throughout Texas, working with a variety of utility companies in the following service areas:

• Oncor Electric Delivery: Dallas, Fort Worth, and Waco are among the cities in the service area.
• CenterPoint: Houston and Nacogdoches are among the cities in this service region.
• Texas-New Mexico Power: Angleton and Alvin are in this service area.
• AEP Texas Central: Harlingen and McAllen are included in the region served by this utility.
• AEP Texas North: Abilene and San Angelo are cities in this service area.

To shop for electricity plans in your area, simply enter your ZIP code. You’ll be shown a list of plans and companies. These rates may vary depending on where you live in the state due to differences in utility transmission charges.

Start shopping for the best electricity plan near you by entering your ZIP code.

At Choose Energy, we review each provider to provide you with detailed information before you sign up for a plan. Our reviews are based on three key factors:

• Customer service
• Online accessibility
• Business history

Using these criteria, Choose Energy assigns impartial reviews to top electricity providers in Texas. Payless Power earns an overall score of 3.8 out of 5. To learn more about electric provider reviews, explore our full list here.

Finding an energy provider in a deregulated market may feel overwhelming, but Choose Energy is here to help you through the process. Our free, independent marketplace makes it easy to compare providers, shop plans, and sign up.

Review your plan details. Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:

• Price per kilowatt-hour based on usage 
• % renewable energy sourcing   
• Early termination fees

Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) — but don’t worry, there shouldn’t be any interruption to your power during the switch.

Understand your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure, including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.

Choose Energy makes it convenient for you to shop for electricity plans in your area. Simply enter your ZIP code to discover all the available providers and energy plans near you. You can read more about specifics under the plan details. With this, you learn more about ETFs, renewable energy incentives, and more. 

Once you find a plan you like, you can sign up in minutes. Your new provider will handle the rest of the setup process.

There are many opportunities to lower your home’s energy bill. Every year, be sure to have regular inspections and maintenance performed on your home’s HVAC unit. This ensures it runs in peak operating condition and consumes less energy. 

You can also use a smart thermostat to increase energy savings. On summer days, for instance, you can set your thermostat to automatically keep the indoor temperature warm when you are away from home. This can reduce your energy costs by as much as 10%. 

Our guide on how to reduce your electricity bill offers other helpful tips. With this information, you can make practical changes that will help you save.

• Headquarters: Dallas, Texas
• Bill pay: Log into your Payless Power account here or call 855-781-6971.
• Customer service: Call 855-781-6971.
• Outages: Contact your utility company.

What is the best Payless Power plan?

Payless Power has two plans, both of which are prepaid, with no credit check and no deposit. One is fixed for six months and the other is fixed for a year, so the right plan for you depends on how long you want to secure your rate.

What is the cheapest Payless Power plan?

Both Payless Power plans offer similar rates, regardless of how much energy you use.

What makes Payless Power unique?

Customers like Payless Power because of its uncomplicated plan structure. Just add funds to start your account and enjoy up to 12 months of fixed-rate energy savings.

How does Payless Power compare to other electricity providers?

Payless Power earns high marks in customer service and online accessibility, including daily alerts on electricity usage. Compared to other providers, it’s easy to get started with a Payless Power plan since no deposit or credit check is needed.