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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.

No Deposit Electricity in Dallas

July 30, 2010

Dallas, Texas Electricity Service With No Deposit

You can achieve a cheaper electricity rate with a Dallas Texas electric company and avoid a deposit by going with a provider that has lowered their deposit requirement.


Unfortunately electricity providers in Dallas are constantly changing their credit score requirements and on one month may approving all customers with no deposit on a different month they may want you to have a 700 credit score to accept you with no deposit.

On top of this it is a guessing game which electric company in Dallas is accepting electric service customers with no deposit because these energy companies do not advertise this fact.

There are some prepaid electric companies in Dallas that will guarantee no deposit but they will usually charge you so much more per kilowatt hour that it isn’t worth choosing these companies.

We recommend shopping around and attempting to sign up with numerous Dallas electric providers until you get one to accept you with no deposit and a good cheap electricity rate.

Your monthly Dallas, Texas electricity service bill can have quite a detrimental effect on your budget, particularly in the midst of the heating and cooling seasons.  For this reason it is important to make sure your heating and cooling unit is operating at optimum efficiency.  Have your unit serviced annually to make sure it is not straining to operate.  Not only will you save money in electricity costs, you could be protecting yourself against costly repairs, or even premature replacement in the future.

It is also important to be sure you are paying the lowest possible rate for your Dallas, Texas electricity service.  With ElectricRates it is easy to be sure you are getting the best deal available.  Just use our online comparison tool to get started.  By entering your zip code and service type into our tool you will have access to all of the most up to date information on every Dallas, Texas electricity service provider, including their current rates.  When you find the best deal you can even order your new service right online through ElectricRates.

Please don’t hesitate to give us a call toll free at 1-800-971-4020 if you have any questions at all.  Our energy consultants are experts on the Dallas, Texas electricity market and will be happy to share their knowledge with you.  We can explain how the market works and help connect you with the lowest cost provider.  With ElectricRates on your side you can be confident that you are getting the best deal available.