Advantages of Prepaid Energy
Prepaid energy service differs from regular post-pay energy service in that the customer receives a bill from the provider before the beginning of the service period.
Prepaid vs Post-paid electricity service comparison outlines the benefits of prepaid electricity vs. post-pay.
| Type of Energy | Deposit | Credit Check | Contract? |
| Prepaid | No | No | No |
| Post-paid | Yes (usually) | Yes | Varies |
In addition to no deposit, prepaid electricity customers are not required to pass a credit check. Why? Because credit checks and deposits are methods used by post-paid energy companies to ensure reliable payments. Companies that offer prepayment do not need these methods to ensure services will be paid.
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Prepaid energy bills are based on several factors:
- The past twelve months’ historical usage at the residence
- Size and type of dwelling
- Customer’s actual previous individual monthly readings
- Load Profile of premises as defined by the Electric Reliability Council of Texas - *ERCOT
Payless Power is dedicated to estimating our customers’ usage
closely to the actual as possible. We do not want our customers
pay for more electricity than they use. Where other companies
may intentionally make high estimations and True Up only twice
year (the minimum required by law), Payless Power estimates
carefully and objectively and performs True Ups every month.Payless Power offers the most competitive pre-paid
home electrical service.
*Ercot serves as a mediator between power marketers, generators and providers, ensuring both accurate and billing reliability.