Top 5 No Deposit Electricity Companies in Houston

Posted on Posted in 4Change Energy, Centerpoint, Green Mountain Energy, Houston Electricity Rates, No Deposit, no-contract, Payless Power, Pre-Paid Electricity, Reliant Energy, Texas Electricity News, TXU Energy, Uncategorized, Variable Rates
Shop the best no deposit electricity companies in Houston, TX. Save money with low rates and ZERO contract commitment.
Looking for no deposit electricity companies in Houston but want to avoid the ones that gouge you with high prices and fees? We got you covered!

Which Good Electricity Companies Have No Deposit Plans?

Paying deposits can be a real drag. Deposits tie up your money so you don’t have access to it. Variable rate electricity plans don’t require deposits and can be a great choice for some Houston electricity customers. Not only do you avoid paying a deposit, but you also don’t lock yourself into a long term contract. The problem is avoiding companies that gouge you with high prices and fees. Luckily, several high quality companies offer no deposit electricity plans on Texas Electricity Ratings.

Trusted Companies For Variable Rate Electricity

When you shop for no deposit electricity, you want to choose a company you can trust. Even though your local transmission and distribution utility (TDU) is responsible for keeping your power flowing, your retailer’s reputation matters. Customer reviews tell you about the variety of products, quality of customer service, participation in the community, and other practices that might affect how much you might pay. If you compare the scores on Texas Electricity Ratings, you’ll see how well no deposit electricity companies rank with their variable rate plans: 

Retail Electricity Provider TER Rating Plan Today’s Average Price at 1,000 kWh
TXU Energy 4.5 stars TXU Energy Flex Forward 12.6 cents
Reliant Energy 4.0 stars Clear Flex 11.7 cents
Green Mountain Energy 3.0 stars Pollution Free e-Plus Preferred Month-to-Month 15.1 cents
4Change Energy 2.5 stars Generous Monthly Saver 12.2 cents

 

While no-deposit variable rate plans are convenient, they change their prices each month because they follow the wholesale electricity market. When you’re on a variable rate plan, it is important to watch how prices change. If you find another company’s plan has become cheaper than your current rate, you may decide it is time to lock in a fixed rate electricity plan.  

PrePaid Electricity From a Reputable Company

PrePaid electricity plans are another variable rate option to consider. These plans are very similar to month-to-month plans. The key distinction is you pay for electricity before you consume it. Therefore, you buy electricity at the current price and use it when you want. 

The SmarTricity Easy Choice plan from Payless Power currently sells electricity at an average price of 15.1 cents per kWh when you use 1,000 kWh in a billing cycle. The plan has a daily charge of $2.67 and an energy charge of 13.7 cents per kWh in excess of 17 kWh consumed in a day. Payless Power has a 4.0-star rating on Texas Electricity Ratings. 

Save Money On Your Light Bill

Variable rate plans let you switch when you want to without paying an early termination fee. Though you could try to save money on electricity each month by switching alone, it’s almost impossible to avoid the wholesale price rollercoaster.

If you’re on a fixed rate plan, your retail provider notifies you when your contract is about to expire. At that point, you can shop for Texas electricity to find the best rate to suit your household’s usage needs. If you switch before your contract ends, you may incur an early termination fee. However, the right Houston electricity price can make paying the fee a good decision.

Switching Houston Electricity Plans Is Easy

Switching electricity companies is super easy at https://www.texaselectricityratings.com. You can compare customer reviews, compare rates, and learn tips on how to save money on your Houston electricity. All the information you need is presented clearly, so you can make a smart decision on your home’s power provider. 

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