With Texas State Assistance Why Are Prepaid Electric Providers Necessary?

You would think that with all the government assistance programs these days there would be no need for these prepaid electric companies that get you to pay in advance for your electric service.

In reality the state services are not used by many people that qualify simply because there are plenty of hurdles for most of us just to get that assistance.

For instance, the reason people choose to go with a prepaid provider is because they were asked by a traditional company for a large deposit.

Now comes the need for a way to waive your electric deposit. If you call one of the many organizations that work in tandem with the Department of Health and Human Services they will tell you what you need to do to qualify.

You must as a start be a disabled adult. If you are disabled and show proof that your life is in danger by use of a doctor’s note faxed or emailed to your electric provider you can receive a waiver for your electric deposit.

Many of us have some disability and I venture to guess if you contacted the right doctor you could even get a psychologist to justify a reason that it is medically necessary that your electric deposit be waived.

Fortunately not everyone is out to work the state government system to that degree but yet there are people out there that make their whole existence about working the system in every way possible.

For the rest of us who simply have bad credit, low credit, no credit, or just don’t like dealing with a bureaucracy a prepaid provider is your best choice for waiving your electric deposit.

On average you will spend about $400 more annually by choosing a prepaid provider but since smart meter technology has gone into full effect this disparity is dramatically dropping.

You can now sign up with many prepaid providers in the market at exactly the same prices traditional electric companies charge.

How is this possible? The smart meter precisely measures your electric usage at the meter and sends it real time so your money is charged against this usage more accurately than ever before.

No longer are the days of estimating your electric usage based on a prior tenant who lived at your home or apartment a year ago.

In the past people would sometimes be charged $200 more per month than what they actually used because of estimates like these.

After 6 months to a year of inaccurate measurements a correction of charges called a true-up was made and the customer would be refunded the extra money they were charged.

There is now no reason to estimate usage with real time data available and so more people who want to keep that extra $300 – $500 in their pocket are doing so.

Electricity deposits can be very expensive but the prepaid provider offers the easiest manner of avoiding that large fee and getting lights on fast.

Our comparison tool in green offers both traditional and prepaid electric companies. Enter your zipcode and give it a whirl! 

DPI Energy a Prepaid Electric Provider Requests Permission to Sell to TruSmart Energy Holdings

DPI Energy is one of the popular prepaid electric companies in Texas but like many prepay companies there are often challenges with staying within PUCT rules and regulations to operate as a licensed Texas electric provider. DPI Energy’s owner, Amvensys Capital Group LLC. has requested PUCT approval to sell all of DPI’s units to TruSmart Energy Holdings LLC.

One of the PUCT points when a change of ownership is made is that it is not used to get around a rule or regulation while yet still maintaining similar management or ownership however behind the scenes and hidden they may be. From the PUCT research they conclude that the sale appears to consistent with the terms if the settlement agreement from Sept 15th 2011 as written about on the PUCT website.

Once the PUCT staff have received all exhibits and schedules of the sale agreement they will be able to make final recommendations to the commission of the sale and proceed with allowing it to take place. The change of ownership application was received on October 6th and is being reviewed. The staff has until October 24th to file recommendations regarding this sale. So long as the commission finds that the sale agreement complies with the terms of the settlement previously established by the commission and DPI they sale and change of ownership should go through.

There will be a change in ownership and control as well as technical and managerial qualifications. TruSmart will show proof of shareholder equity in TruSmart no less than $1 million dollars and a stand by letter of credit payable to the PUCT commission of $500,000. These requirements insure that the electric customers and ERCOT are protected against possible bad execution, default, and bankruptcy of the electric provider. TruSmart currently has Texas electric customers and is in compliance with all PUCT rules and has no history of default with their load servicing company.

This sale should be a big positive in an industry that has seen its fair share of prepaid electric companies keep prepayments and true-ups of their customers and close down business leaving the state with huge profits instead of selling when it was expedient and right to do so.

Tyler Texas Electric Company

Tyler Texas Electric Company

Tyler Texas is one of many East Texas towns that has their electric market deregulated. The positive to a deregulated energy market is the ability choose from multiple companies and rate plans.

The negative aspects are there too but I believe the positives far out weigh the negative. I remember when first moving into my own place in Tyler TX I was asked for an electric deposit from the monopoly electric utility.

I had no established credit and so I had to come up with the extra money. With the ability to choose your electric company in this area you don’t have to settle for paying a really high deposit just because you haven’t established any credit yet.

There are Tyler Texas electric companies that will allow you to order electricity service without having to come up with $300 or more.

The catch is that you will need to sign up with a prepaid light company. A prepaid electricity company is very similar to traditional energy suppliers accept they bill you upfront instead of 30 – 45 days later.

Some prepay light companies will estimate your electric usage based on the size of your home or apartment.

Other Tyler electric suppliers will use an advanced meter and a prepaid device that you slide a prepay card into similar to a credit card.

The device deducts the amount from the card based on your exact electric usage.

If you have a smart advanced meter I recommend choosing a prepaid electric provider that uses one as you only pay for what you use.

The alternative to the smart meter reading is estimated readings which usually are a little higher than your actual electric usage.

There is a company I have seen on TV in Tyler called Apollo Electric that offers prepaid electric service although we do not know much about them.

We have a comparison of a few no deposit prepaid electric providers that service Tyler if you need to search and find a good company with no deposit.

Just use the comparison chart at the top of this page to compare no deposit energy offers in Tyler TX.

Regarding East Texas Electric Cooperatives, Municipalities, and Monopoly Providers

Tyler is unique in that the city is surrounded by electric cooperatives who do not offer energy choice to their customers.

Places like Longview cannot compare competing electric supplier prices because there is only one energy company in this area.

Other electric Coop’s that exist are Cherokee County Coop, Deep East Texas Electric Coop, and East Texas Electric Coop.

Smith County Texas Electric Company Commercial Rate Comparison

In many ways commercial and residential electric rates are the same. The main difference between these two account types are the fact that residential load profiles are all the same.

Electricity providers can offer all the same rate plans no matter the customer when speaking to residential customers because none of them will cross a thresh hold that would increase the cost to the provider significantly.

Commercial businesses vary dramatically in how they use electricity. A large industrial manufacturing or chemical facility uses far more energy and in much different ways than a small smoothie franchise.

Because of variations even between restaurants and retail clothing stores commercial electric rates are priced individually by a provider based on how the business uses their energy.

The tailored made nature of a commercial energy price in Tyler TX usually means a more competitive rate. A stunning exception to this rule is if you have a Tyler church.

Churches will always pay way more for their electricity compared to what they use because of their KW demand. Electric companies charge you for both kilowatt hours used and how much is demanded.

Because a Tyler church demands energy all at once on Sunday they get hit with a large fee for this no matter the electric company they choose. This fee is more of a grid, transmission provider fee than a fee from the retail electric company.

Unfortunately there is no way out of these high cost TDSP fees for churches at this time until the PUCT and ERCOT choose to offer some type of relief to this type of operation as found in a church.

Regardless if you have a church that needs a commercial electric rate comparison or some other type of business we can help facilitate a reverse energy auction for your energy account.

To learn more about this topic and others please call one of our local Tyler TX commercial energy consultants at 1-800-971-4020.

Tax Credits for Saving Energy in Mesquite, Texas

mesquite texas electric ratesGetting tax credits and rebates in Mesquite, Texas is easier than you think. The American Recovery and Reinvestment Act of 2009 makes it possible to receive credits and rebates for certain energy-saving investments. Items like solar water heaters, plug-in cars, and wind turbine systems equal a nice credit on your taxes. The credit is equal to 30% of the cost of the investment.

The federal government has made it even more worthwhile to “go green” while living in Mesquite, Texas or anywhere else in the country. By doing things that will ultimately save energy, you are reimbursed for part of the cost. This is the government’s way of encouraging citizens to save energy. As long as you make an energy-saving investment by December 31, you will qualify for the tax credit. The best part about the program is that you will ultimately be helping the environment and saving money.

Another way to save money is to compare the electric rates of competing electric providers. By using our comparison chart, you can quickly see how much money you will save. Your current electric provider might be the lowest rate in the Mesquite, Texas area. On the other hand, it may be the most expensive. Only by using our chart can you see the exact difference and make an informed decision.

Saving energy is important to the environment. Saving money is important to your budget. Take the first step to cheaper electric bills by using our free comparison chart. There is no obligation to switch providers. The only thing you stand to lose is high-priced electric rates.

Deregulation Gives Freedom of Choice to McAllen, Texas

Before 2002, Texas electricity was regulated. This meant that your McAllen, Texas service provider was determined by your location. You had no choice in who provided your electricity. You had no choice in what rates you paid. If you wanted electricity in McAllen, Texas, you had to accept the area provider, no exceptions. All of this changed when Texas electricity became deregulated. Deregulation gave the power of choice back to Texas residents, where it belonged.

Deregulation lets people choose who provides their electric service. Just as you get to choose whom you buy your telephone service from, you can choose who powers your home. No longer are McAllen, Texas residents stuck with one rate. You can choose any area provider and since the providers compete for your business, you can choose a low rate.

Our comparison chart makes it easy to make the switch. With our chart, you can compare the electric rates of providers in the McAllen, Texas area. You can quickly see who has the lowest rate. You can see where you current provider stands in the price of their electricity. You are under no obligation to switch providers – our comparison chart is simply a tool to provide you with useful information.

The choice is yours. You have the freedom to choose your McAllen, Texas electric provider. You have the power to save money on your electric bill. Use our comparison chart and see for yourself just how much money you can save. It only takes a few seconds and it costs nothing to compare electric rates.

Electricity Bid helps you find an electric rate and provider to save you money and keep life simple.

Get in touch with us!