What Prepaid Electric Plans in Houston Are the Best?
You’ve heard media reports about Texans being stung by astronomical electric bills after Winter Storm Uri. As frightening as that is, electricity customers still rely on variable rate plans. One kind that’s very flexible are prepaid electric plans where customers pay the prevailing rate for electricity before they use it. As you may guess finding the best prepaid electric plans in Houston can be frustrating and difficult if you don’t know what to look out for. So let’s take a closer look.
How Prepaid Electric Plans Work
Prepaid plans are great for people with bad credit. Fixed rate plans tend to require deposits when customers have bad credit. Because, prepaid plans eliminate the need for deposits customers can use their money to buy electricity instead.
Prepaid electric plans usually require customers to establish a balance in their accounts. Customers use this initial balance to buy their first electricity. Some companies can send you text message alerts when your account balance is approaching zero. You can replenish your account at that point or at any other time convenient for you. However, prepaid plans are also variable rate plans. So, the rate that customers pay can change month to month. But, these plans have no contract. That means there’s no early termination fee if you decide to switch electricity companies.
Best Prepaid Electric Plan in Houston
The best prepaid electric plan in Houston is the Free Weekends plan from Hello Energy. Customers set up an initial balance of $75 but they pay nothing for energy consumed on the weekends. This plan defines weekends as all day Saturday and Sunday. If customers use 71% of their power during the week they pay more. Their average price for using 1,000 kWh is 12.8 cents per kWh. Your normal electricity usage may differ.
A Popular Prepaid Plan From Payless Power
The SmarTricity Easy Choice from Payless Power is another popular prepaid plan. It has an average price of 15.5 cents per kWh at 1,000 kWh. The trick, though, is to watch your usage. The plan’s daily energy charge is $2.67 which includes the first 17 kWh. After that, the retail charge is 14.3 cents per kWh. On a hot summer day, that can add up fast.
Searching For Best Prepaid Electric Plans in Houston
If you’re on the hunt for prepaid electricity, your best place to shop is http://www.texaselectricityratings.com. You can compare the most important information including rates, average bills, and electricity facts labels. You can even sign up for a plan with just a few clicks.