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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.

Dallas No Deposit Electric Company

May 5, 2009

Dallas No Deposit Energy Service Companies

If you have bad credit or just have not yet had the opportunity to establish credit in your name because your young, a student, or really any number of reasons then a Dallas no deposit electric company may be a good choice for you. You can avoid a large deposit requirement and the headache of being declined by several Dallas electric companies by signing up with an energy provider that will guarantee no deposit will be required. You can also establish yourself as a good paying electric utility customer and establish some good credit history.

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

If you live in or around the Dallas Texas or Fort Worth Texas area and are trying to locate an electric company that offers a no deposit electric rate then we have an energy company that might fit your needs. With this Dallas no deposit electric company you can sign up on a variable electric rate that guarantees no deposit will be needed provided you have a good credit score. Unlike a pre-paid Dallas Texas electric company you are not charged for estimated electricity usage but instead on your actual Dallas electricity usage. The issue with being billed for your estimated electric usage is that you may use your electricity sparingly during the summer to save money. The previous tenant at your home or apartment may have used quite a bit more energy then what you plan to use. If the pre-paid electric company is charging you based on estimated usage they could be using last years usage history from someone else.

Preferred option is to be Billed for Actual Electric Usage

By being billed for actual electric usage you are being billed like you were on a traditional electric rate as those who have good credit usually sign up for. By signing up with a no deposit guaranteed Dallas electric company it is not like you are signing up for a terrible rate plan you are just getting into a workaround until your credit history or payment history has been improved or established. Many students just don’t have an established credit history with a utility. By signing up with a reputable Dallas electric company that offers guaranteed no deposit choices with fair terms and conditions you basically get a 2nd chance before you have to resort to going with a Dallas prepaid electricity provider.

How Does a No Deposit Electricity Plan Work?

The way the no deposit guaranteed Dallas electric company works is simply if your credit score meets the electricity companies guidlines they will let you sign up with no deposit. Not to worry, if you have a bad credit score you may only need to pay between $200 – $400 with some energy companies. With a prepaid electricity company you may end up paying that much in charges each month because pay as you go companies usually charge a higher rate. If you don’t have the money to pay an electricity service deposit I recommend getting any previous bill history from another provider you might have used. If you can show 12 months of current bill payments to your new provider they will likely not need a deposit. Another choice is to speak with the Department of Health and Human Services in Texas to see how they may be able to help.

To Begin the Electric Service Sign Up Process

To begin the process of getting your Dallas electric service turned on fast and in your name we need you to fill out some basic service address information. The no deposit electricity company will approve you online or you may call them if you would prefer signing up with someone over the phone. Call: 1-800-971-4020