Generally, when looking for electricity service in Waco, a social security number or driver's license is needed. Depending on an individual's credit, a refundable deposit or additional documentation may be needed.
Often, medical-related, education-related, or job-related events can cause an adverse impact in credit rating. In addition, current immigration, graduation, or divorce circumstances may leave someone with bad credit or no credit rating at all.
This typically results in high-deposit requests from Waco electricity companies of up to $400 or more that are often not possible for customers to pay. For this reason, no credit check and no deposit energy plans are becoming popular.
Prepaid, No Credit Check, and No Deposit Energy plans enable you to sign up for electricity service for just $39 depending upon the size of your home. Rates for these are generally 20-30% higher than traditional post-paid plans.
Shop below to find the best No Deposit No Credit Check plan for you and your family.
Shop for Waco Electricity Rates:
Check out the ratings and reviews of the electricity companies serving Waco.
Types of No Deposit and Low Deposit Electricity Plans in Waco
Prepaid or Pay-as-You-Go Electric Service:
Pre-paid electricity service means you purchase your electricity prior to you using it. With pre-paid electricity service, you pay a No Credit Check Electricity Provider upfront that handles your payments and energy usage. You sign up for service and make an initial payment via credit card or via cash at a check cashing location.
You are then alerted by text message whenever you need to refill your account in order to keep your lights on. If you are seeking inexpensive power without any deposit, this is the most basic way to do so, as long as you keep your account current.
Waco Low Deposit Electric Service
Low Deposit Plans costing $39 or $49 to start for condos and $149 for homes have become popular recently. You pay a reasonably low deposit, have the benefit of working to rehabilitate your credit, and pay for your electricity after you use it.
You will pay a slightly higher rate and have a higher monthly minimum charge.
No Deposit Electricity Service Sign Up Incentives:
Many No Deposit Electric companies serving Waco offer rewards of up to 1 or 2 months of complimentary energy or cash amounts of up to $200. Some electric companies support pre-paid energy with complimentary nights and weekends. These incentives are frequently paid after 6 months and 12 months of constant service and require that you maintain your account up to date, which means you have not had any late payments or service turn offs due to non-payment.
We Help Waco Homeowners Get Low-cost No Deposit Electricity
No credit check electricity plans are designed to offer Waco homeowners a fresh start. You can get your electricity turned on at your brand-new house on the same day with pre-paid and pay-as-you-go electricity plans available from many different electricity suppliers.
We have actually made shopping for No Deposit Electric plans pretty straight forward. You'll discover plenty of options to select from, whether you are searching for Pay As you Go, Prepaid Electricity with free nights and weekends, or a Low Deposit Plan. You are in complete control of the kind of plan you want to take advantage of.
We have made it simple by arranging, ranking and rating every electricity supplier available to you then recommending the plans and suppliers that have proven they offer the best customer support available and an excellent electricity rate for you or your business.
How Do You Begin Pre-paid Electric Service in the Waco area?
Once you have selected plan, your No Deposit Electricity Provider will require you make a payment to establish a positive balance before starting service. This payment is called a connection balance.
Prepaid electricity service does not require a deposit. Your No Deposit Electricity Service Provider will simply need a balance of up to $75 that will be used as a bank to provide electric service. You may also need to pay a Transmission and Distribution Utility (TDU) fee, which may make the total due prior to beginning your service more than $75.
Will I Get a Bill?
No. Pre-paid Electric Service customers do not get a regular monthly bill. Instead, you will receive text and e-mails from your No Deposit Electricity Service Provider updating you with your balance. Your No Deposit electric provider will provide a Summary of Usage and Payment (SUP) for up to twelve months of usage. The SUP will show your usage, charges, the average cost of service , and payments by calendar month.
My Electricity is Disconnected. How Do I Get My Service Turned Back On?
First you need to pay off the previous balance before you can reconnect. If you are trying to switch to a different company and have not settled your previous balance, you will not be able to switch without paying your previous balance. As soon as the balance is paid, your electric supplier will need you to make a payment to establish a new connection balance in order to restart service.
Your No Deposit Energy Provider may need you to make your balance payment at a third-party payment processor serving as a representative of the electric supplier. You should start receiving service within 2 hours of paying your balance.
Deferred Payment Plans - Waco TX
When Is a Deferred Payment Plan Available?You may request a Deferred Payment Plan if:
1) During extreme weather, your account reaches a negative balance of $50 or more. Extreme weather is recognized when the National Weather Service issues a heat advisory or a cold alert in your area.
2) A State of Disaster has been declared. The Governor and the Public Utility Commission require that deferred payment plans be offered when a State of Disaster is declared.
3) Under-billing. Your Retail Electric Provider (REP) has under-billed your account for reasons other than theft of service.
If you enter into a deferred payment plan, your REP may apply a switch-hold until the account is paid in full. A switch-hold effectively locks your account until your balance is paid off.
Remember, since deregulation, you have the power to choose in Waco TX.
To get started with No Deposit Electricity for your home, sign up today!
To compare information on No Deposit Electricity Plans in other cities, click below:
Texas Energy In The News -Dallas Morning News: "Watchdog: Here is the best way to pick an electricity company in Texas" --> link
Houston Chronicle: "Power primer: How to shop for an electric company in Texas" --> link
Houston Chronicle: "Texas' deregulated electricity market, explained" --> link
Rates as of 2/7/2022