Electric Service Without Deposit in Texas

No Deposit Electric Service in Texas

How does one obtain no deposit electric service in Texas? There are three types of known electric services in Texas wherein consumers can choose from, in order to obtain electric services. These types are post-paid services, pre-paid services, and no deposit guaranteed services. Each of these services will work depending on your lifestyle and budget. So, if you are interested in a service that doesn’t require a deposit, try checking which of these services will workout well for you.

A deposit is required substantially as a form of security in the part of the Texas electric company in case consumers fail to make their electricity bills. Not all are required to pay a deposit and often time’s consumers with poor credit history are given this burden. Those with good credit rating have more options in terms of selecting their electricity provider. But this does not mean that consumers with poor credit are not given options as well.

The first type of service is the post-paid service. This is the type of service when you pay the electricity that you consumed in a month on the due date. This service is ideal for those who have stayed long in their home and who have no plans of moving since you will be paying fixed rates. Fixed rates are considered affordable and are mostly preferred by consumers especially when the energy pricing trends are high. However, if prices are low then you still need to pay a fixed rate which was agreed upon when you subscribed for the service. Nevertheless, this is ideal in case you prefer no limits when you are using electricity at home.

Pre-paid is the second type of service wherein your electricity is only limited to the amount that you paid for the service. This is ideal to those who are on a fixed income. The electricity bill won’t come as a surprise since you have already paid it in advance. With pre-paid, once you have almost consumed your electricity you will typically receive notification from your utility provider through email or mail. You can request to extend your service by simply paying additional on top of what you have paid. This way your service won’t be turned off entirely.

The third type of service is no deposit guaranteed wherein you do not have to pay a deposit before receiving electricity. This is a good option for those who have problems with their credit. Often times your credit is poor only because of late payments. You can qualify for this service if you can present a credit card that is in good standing for the utility to keep in their records in case you failed to make your payment. Some electric companies that offer pre-paid electricity may not ask for a deposit especially when you have good credit history.