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No Deposit Electricity Plans are looking more normal

December 10, 2010

Depending on the electricity company you choose to go with you may find that no deposit and prepaid electricity plans are beginning to look a lot more like typical electricity plans you see with more traditional type energy companies.

In the past all you could find in regards to a good no deposit electricity plan in places like Houston and Dallas were super high rate plans that hooked you in with a $99 start-up fee.

The fee only lasts a week or two and then they start asking for more money. This was the time when people began asking, “well what exactly am I paying this electric company as far as the per kilowatt-hour rate.”

What many would discover after the fact of signing up is that their rate was 16 cents per kilowatt-hour and sometimes even higher than this.

Now there are prepaid electricity companies that charge competitive per kilowatt-hour rates because they can use a combination of a prepaid electricity meter hooked up to a new smart meter.

The smart meter sends out real-time data on the exact electric usage being used at someones home.

People can insert a prepaid electricity card into the meter and keep service on simply by recharging the card and or buying a new one and then inserting into the prepaid electric meter on the side of the house.

This type of prepaid electric company can charge based on a competitive per kilowatt-hour rate because they know you will have to pay for exact electric usage and not estimated electric usage.

Quite a few prepaid electric companies would charge you based on estimated electric usage and say they would reimburse you for the difference if you paid too much.

What would then happen is that after a year or two these electricity providers that offered this no deposit prepaid plan would close up business and leave town with your money.

These scam prepaid companies will soon be no more as traditional electricity company brands you may be familiar with are beginning to offer competitive no deposit electricity plans.

Houston No Deposit Electric Company

May 5, 2009

Houston Students Finding No Deposit Electric Service

Whether you are a college student or just getting back on your feet to establish yourself as a good paying customer you have a choice when it comes to Houston electric service. If you haven’t already experienced it you will soon discover that most Houston electric providers are going to ask you for a large deposit amount if your credit score has not yet been established or you have a poor credit score. Each electric company has different criteria for how they pass their electricity service customers on credit. If you would like to sign up with a Houston electric company that has a guaranteed electric rate offer than click on the link below.

Check Rates in Houston Texas – Click Here or call 1-800-971-4020

For a student or young person just establishing credit or moving into an apartment for the first time it is very probable that a Houston electric company is going to ask you for a deposit. For instance, I had a friend who recently tried signing up with Reliant Energy hoping she could get Houston electric service turned on in her name and avoid having to pay a large deposit amount. Reliant asked her for somewhere in the neighborhood of $500 to have electricity service turned on. She had already paid the Houston apartment complex $800 for the deposit for her apartment and did not have the money needed by Reliant Energy in Houston.

Pre-Paid Electric Service Everywhere but is it Worth It?

My friend could only find pre-paid Houston electricity companies and there terms and conditions were vague and what she could find out about their service plans did not seem very favorable to the Houston energy consumer. One thing she objected to in regards to going with a prepaid electricity company was the usage being based on estimated usage and not actual electric usage. For most people they will usage tripple the energy they normally use in the summer. For a student trying to conserve and keep the air conditioner down in the summer to save money a Houston prepaid electricity company can be more trouble then it is worth.

A Better Houston Electric Service Choice for Those Just Establishing Credit History

This friend of mine ran into me and I was able to tell her about a guaranteed no deposit Houston electricity company that will bill you for actual electric usage and not estimated usage from the previous tenant. They bill you as a traditional electric company does but they deduct the payment from a credit card on file. This credit card auto bill pay option allows them to offer a Houston electricity rate that has no deposit requirement. If you pay your Houston electricity bill on time the first 3 months that you are with them then you will be proactively lowered to this no deposit electricity companies cheapest electric rate plan.

If you would like to sign up for a no or low deposit Houston electricity plan over the phone then please call: 1-800-971-4020 The no and low deposit options are subject to a credit score check. You may be asked for a deposit for your electric service depending on how your credit comes back.

To sign up online with a reputable no and low deposit Houston electric company based on credit score please click here.

Texas Lights Company, No Deposit Electricity

February 5, 2009

Searching for the Cheapest Texas Electric Provider

If you have been searching high and low for a Texas electric company that will not ask for a deposit and is cheap then I have one thing to say, Bounce Energy. Provided you have a good credit score they can sign you up with no deposit required. If your credit is ok they may ask you for a small one and if it is bad we can help you by working with the state government. Call us at 1-800-971-4020 to learn more.

Credit Crunch Scenario, you Aren’t the Only One

Have you found yourself in the scenario of trying to sign up with the cheapest Texas electric company only to be told they want $500 or more from you to have electricity service turned on in your name? It could be that you used a social security number with no established credit. It may be that you fell behind on some bills with other Texas Light Companies and they reported your late bill payments to the credit bureaus.

Simple Solution to a Headache of a Problem

Whatever your credit issue is whether it be just or in just you have a second chance at signing up at a cheap Texas electric rate. Bounce Energy will charge you a little higher fixed rate your first three months with them. If you pay your Texas light company bill on time with your new provider you will establish good billing history and will likely never be asked for a deposit again when switching electricity companies. The important thing is to start somewhere and so we recommend paying a deposit if it will get you on a cheap electricity rate. This gives you a chance to repair any damage to your credit file as well as get on a low Texas electricity rate like some of your family or friends might be paying.

If you still need help we can get on a call with the Department of Health and Human Services and see if you qualify for low income assistance in paying for your electricity deposit.