Last Updated on January 21, 2024 by Mary Pressler
Texas Prepaid Electricity Plans
A prepaid electricity plan is a residential energy contract that features lower, secured pricing that every Texan can take advantage of. Prepaid energy plans are an attractive option for many Texas homes and apartments because there’s no credit requirements and no deposit needed. For only $40 upfront, you can lock in our cheapest rate for up to one year.
Choose Between Two Plans
Our prepaid electricity plans include a fixed kWh rate. Consumers who have variable-rate energy plans must deal with drastic price hikes during the summer and winter months, but our price will not change for the duration of the contract.
Texas prepaid electricity plans are offered in six or twelve month term lengths:
- 6 Month Prepaid Plan – No energy price hikes for six months.
- 12 Month Prepaid Plan – The same stable rate for one year.
Lights on Today for $40
No Deposit & No SS or DL Required in Texas
Prepaid Electricity Plan Rates
The following table compares the fixed daily charges and bundled kWh prices you can expect when using our plans (as of January 2024).
| Texas TDU | 12 Month – Prepaid | 6 Month – Prepaid |
| Oncor | $1.741 per day
14.5979 cents/kWh |
$1.741 per day
13.9979 cents/kWh |
| CenterPoint | $1.746 per day
13.2770 cents/kWh |
$1.746 per day
12.5770 cents/kWh |
| AEP Texas North | $1.760 per day
14.2265 cents/kWh |
$1.760 per day
13.7265 cents/kWh |
| AEP Texas Central | $1.760 per day
14.6226 cents/kWh |
$1.760 per day
14.0226 cents/kWh |
| TNMP | $1.862 per day
15.1465 cents/kWh |
$1.862 per day
14.5465 cents/kWh |
Note that prepaid electricity plans have a TDU charge, which covers transmission and distribution grid costs. The energy charge applied by Payless Power remains unchanged during the entire term of the contract, but TDU charges can change – they are generally updated in March and September.
Terms and Conditions
- Your first deposit must be at least $40.
- Payments below $150 have a processing fee of $4.95. You can avoid this fee by enrolling in autopay.
- There is an early termination fee of $99. This fee applies if you leave the 6 Month Prepaid plan in less than six months, or the 12 Month Prepaid plan in less than 12 months.
Average Monthly Costs Per Prepaid Electricity Plan
PaylessPower.com provides the typical monthly expenses and the average electricity price you can expect at three consumption levels: 500 kWh, 1000 kWh and 2000 kWh.
| Service Territory | Consumption Level | 12 Month – Prepaid (kWh Price) |
6 Month – Prepaid (kWh Price) |
| Oncor | 500 kWh
1,000 kWh 2,000 kWh |
$101.00 (20.2 cents/kWh)
$198.00 (19.8 cents/kWh) $344.00 (17.2 cents/kWh) |
$98.00 (19.6 cents/kWh)
$192.00 (19.2 cents/kWh) $332.00 (16.6 cents/kWh) |
| CenterPoint | 500 kWh
1,000 kWh 2,000 kWh |
$95.00 (19.0 cents/kWh)
$185.00 (18.5 cents/kWh) $318.00 (15.9 cents/kWh) |
$91.50 (18.3 cents/kWh)
$178.00 (17.8 cents/kWh) $304.00 (15.2 cents/kWh) |
| AEP Texas North | 500 kWh
1,000 kWh 2,000 kWh |
$100.00 (20.0 cents/kWh)
$195.00 (19.5 cents/kWh) $338.00 (16.9 cents/kWh) |
$97.50 (19.5 cents/kWh)
$190.00 (19.0 cents/kWh) $328.00 (16.4 cents/kWh) |
| AEP Texas Central | 500 kWh
1,000 kWh 2,000 kWh |
$102.00 (20.4 cents/kWh)
$199.00 (19.9 cents/kWh) $346.00 (17.3 cents/kWh) |
$99.00 (19.8 cents/kWh)
$193.00 (19.3 cents/kWh) $334.00 (16.7 cents/kWh) |
| TNMP | 500 kWh
1,000 kWh 2,000 kWh |
$107.50 (21.5 cents/kWh)
$207.00 (20.7 cents/kWh) $358.00 (17.9 cents/kWh) |
$105.00 (21.0 cents/kWh)
$202.00 (20.2 cents/kWh) $348.00 (17.4 cents/kWh) |
Advantages of Choosing a Prepaid Electricity Plan
Many homeowners find it easier to track their consumption when using a prepaid electricity plan, since you can simply check the remaining balance. You can easily get a picture of your average daily consumption, and you can detect days where your energy usage was higher than normal.
Another advantage of prepaid electricity is being able to pay at any time, since you are not bound to a monthly billing cycle. You can add cash to your account once per week if preferred, or you can make a large payment that will cover several months at once. Prepaid electricity companies don’t require a credit check or security deposit when you get enrolled, since you are paying upfront.
Have more questions about prepaid light plans? Need help selecting the right plan? Call us Monday through Saturday at 1-877-509-8946