Compare Payless Power plans
Payless Power is an energy provider selling electric plans to customers in Texas. It specializes in prepaid electricity plans, which are a popular no-deposit option allowing you to pay for electricity upfront. Use the filters on this page to find and compare Payless Power electric rates today.
Today’s lowest Payless Power electricity rates
Best Payless Power energy plans
Payless Power’s prepaid electricity plans are ideal for customers with lower credit scores who want to avoid paying a deposit. Choosing the best plan for your home depends on your energy needs, usage, and lifestyle. Call the number on this page if you have questions about enrolling in a Payless Power plan.
Best overall: 12 Month – Prepaid
- This prepaid energy plan secures your rate for 12 months and does not require a credit check or deposit to enroll. Payless Power requires a $40 minimum payment in your account to begin service.
Best for flexible contract: 6 Month – Prepaid
- If you’re searching for a prepaid electricity option with a shorter contract, this plan only lasts six months. Like the 12-month plan, customers who sign up for this plan will be required to add at least $40 into their account to initiate service.
Payless Power pros and cons
It’s important to weigh the pros and cons of a provider before signing up for service. The following is a high-level overview of some benefits and drawbacks to consider when comparing Payless Power plans.
Pros:
- No-deposit options: You can bypass a deposit with Payless Power’s prepaid plans. These types of plans ensure you only pay for the electricity you use each month.
- Flexible contracts: Payless Power’s contract lengths vary, offering shorter and longer terms.
Cons:
- Higher rates: Prepaid or no-deposit plans often come with higher electric rates. Payless Power rates tend to be more expensive than other providers’ rates on the Texas Electric Rates marketplace.
Payless Power coverage locations
Payless Power offers residential electricity plans across deregulated areas of Texas. Its service territory covers major Texas cities like Houston, Dallas, and Fort
Contact Payless Power’s customer service
- Call 866-963-9353
- Fill out the provider contact form
Learn more about Payless Power
Payless Power is based in Fort Worth and offers prepaid electric plans to residential customers. This provider was founded in 2005 to bring affordable prices and reliable service to underserved Texans. Payless Power is involved in several community programs across Texas, including Habitat for Humanity, Down Syndrome Partnership for Tarrant County, and Christ’s Haven.
Payless Power frequently asked questions
Is Payless Power a “good” provider?
Payless Power has operated in the deregulated Texas energy industry for 20 years and offers flexible no-deposit options for Texans with low credit scores. However, the best energy provider for your home depends on your specific needs. We recommend doing independent research and comparing multiple options to find the right plan.
What is the standard Payless Power early termination fee?
Payless Power charges a $99 early termination fee if you cancel your plan before your contract expires. As a reminder, you won’t incur a cancellation fee if you are moving.
What is Payless Power’s cancellation policy?
Payless Power offers a 30-day satisfaction guarantee, allowing you to switch to another Payless Power plan without penalty. If you want to switch providers after 30 days, Payless Power will charge a $99 early termination fee.
Does Payless Power require a deposit?
Payless Power offers prepaid electricity plans, which do not require a deposit.
Does Payless Power have hidden fees?
This provider does not charge hidden fees. It’s important to thoroughly review your monthly energy bill, which includes a breakdown of your electric rate, utility fees, and more.
