No Deposit Residential Texas Electric Company

There are Low and No Deposit Options Available in Texas

We recommend you use the compare tool at the top right to see what prepaid options are available in your area. Once you compare the providers you can order service online.

For energy customers who have bad credit or just no established credit you may have found yourself being asked for a very large deposit to have electric service in Texas turned on in your name. This has been an issue facing many Texas energy consumers for some time as most electric providers in Texas do not offer a flexible electricity service rate plan for those with bad credit or no established credit. When an energy consumer signs up for electric service with bad credit the deposit requirement asked for by an electricity company can be anywhere from $150 – $1500 depending on the electric provider and the credit score. To avoid this type of deposit issue you can choose an energy supplier that has a low or no deposit electric plan. The provider we recommend above all other low or no deposit electric companies is Bounce Energy. Bounce Electric Company once offered a Fresh Start Plan that allowed a low credit score energy service customer to sign up with them at a slightly higher rate than their normal low cost rate. You remained on this higher rate for 3 months and proved to Bounce Energy that you could pay your electric bill on time and they would proactively lower your electric rate to their normal cheap electricity rate plan. This allowed you to quickly sign up for electric service at a home or apartment without having to worry about how you will come up with up to $1500 to pay a deposit requirement. Most people do not have this kind of extra cash on hand, especially for a deposit you will not receive back until your contract ends. Unfortunately their guaranteed no deposit plan is no longer available although they still have alternative plans that may get your lights turned on with no deposit required or at a low deposit cheaper than most electricity providers require.

Who is Bounce Energy

Bounce Energy is a new electric provider in Texas that was started by a seasoned software director and overall customer experience project leader at a large online marketing and back office electric service customer tracking company. Because of the extensive knowledge this company has on how to sign up electric customers, capital requirements needed to continue signing up energy customers, the ability to bill accurately and timely, and the overall customer satisfication points to consider when working to keep and renew current electric service customers in Texas makes this new electric provider one of the best new energy companies to work with. We are confident that you will find their electric rate, flexible energy agreements and overall abilities to make your customer experience enjoyable that we want to recommend their Guaranteed No Deposit Electric Rate plan as the preferred No Deposit option for customers in a credit crunch.

 

Spark Electric

Check rates with multiple Texas electricity companies in the zip code electricity comparison box to the left. You can compare what Spark Energy is offering you with several other electric providers.

You may call with questions to: 1-800-971-4020

Jan 22 2008

Spark Energy is currently advertising several different electric rates at a mid price range in comparison to some of the other competitive Texas electric providers. They currently have a 12 month rate at 11.9 cents kWh with no monthly service charge. This is an ok electric rate although Startex Power has lowered their 12 month term rates below Spark Energy’s prices. Startex Power has a slightly better 12 month rate for 11.7 cents kWh with no monthly service charge. To compare current updated rates from providers in your area please use the chart at the top right.

 

Champion Energy In Comparison To Startex

Startex has the best overall electric rate at 11.3 cents kWh in the Dallas area with no monthly service fee. As of Feb 23 2009 Startex Power offers the cheapest available electric rate in Dallas and Houston. Champion Energy used to be the best electric rate among the low cost electric providers offering promotional discount offers but as of February 2009 Startex Power is offering the best rate. Champion’s promotional electric rate offer has expired although you can sign up with competing suppliers with Startex Power by comparing rates using our tool on the top right of this page. The promo code with Startex is no longer available and since then other providers have come in to compete with this company. We no longer offer Startex on our website to compare with other providers.

Be sure to write down on your calendar 12 months from now to come back to this site to renew with the next lowest cost provider in Texas. We update the site frequently and try and always have the best electric rate going so you don’t miss out on an opportunity to stay with a low cost electric rate.

Those With No Credit History Or Bad Credit

If you are worried the electric company may try and ask for a deposit we have some suggestions on getting by with the cheapest deposit requirement. We have seen that Bounce Energy generally has the cheapest deposit requirement if you have been hit with this request before. We have a compare tool that shows you multiple prepaid companies to compare rates from and sign up with out the worry of a deposit or credit check. The tool is at the top right of this page. As an example of a provider that usually needs a deposit based on credit score, most traditional electric companies that check credit usually ask for $200 – $400 deposit if they don’t like your credit. Other electric providers want even more if you do not meet their credit standards. You may see this as a lot but TXU and Reliant mant times ask for a lot more than what Champion requires. Spark Energy used to waive the deposit amount if you sign up for auto bill pay by credit card or bank account but they have ended this practice. If Spark needs a deposit it may be for around $400 – $500 depending on what they think of your credit history. Startex Power is somewhere in the middle as far as what they come back asking for in regards to a deposit. The best thing you could do is try one of the many prepaid providers we show in our compare tool and sign up and keep that deposit money for groceries. At one time you had to try several providers and pick the lowest deposit you could handle and build up that year of utility bills paid in full before you could get away with not needing to pay an electric company a deposit. Bounce allows you a second chance if you have little or no credit.

Spark Energy Promotional Code

Promo Code with Spark Energy

Spark Energy is currently not offering a promotional code for their electric rate. We have provided an alternative discount electric provider rate to the left. Simply type in your zip code and click on the “compare” button to the left and you will be taken to a discount electric rate page for Champion Energy, Startex Power, and several other providers, where you can check for rates in your area. It doesn’t matter if you live in Houston, the North Texas area the Dallas area or other location. As long as you live in a deregulated area and you type in your correct zip code the electric rate will apply.

Last year Spark Energy and Startex Power were offering a 12 month electric rate at this time for around 11.1 cents kWh. On Sept 5 2008 Spark’s 12 month electricity rate was 12.55 cents kwh in the Dallas Fort Worth area and 13.65 cents kWh for 12 months fixed in the Houston area. Depending on what the market has done since this update their rates could be higher or lower then this. This is only a sampling of their rates for Sept 2008. In comparison to Spark Energy we recommend checking Startex Power’s updated discounted rates. We have a discount link to their webpage here: Startex Energy Discount Rate. The rate does not have a monthly customer service charge and it is not dependent on how much energy you use in a month. The rate will not change the entire term of the contract. The 12 month term offers the best electric rate as it will lock you in for the summer months which can sometimes be higher if you come off contract before that time. You may sign up online with Spark Energy at this site and the promo code is already built into the link so there is no need to worry about typing it in.

Back in May 29 2008 the Texas residential electric market was close to a 3 year high. Rates look much better now as of Sept 5 2008 but are sitting at support floor and look like they may bounce back up in the next week or two. If you would like another low cost provider to compare with Spark you may check out Bounce Energy and see how their rate compares with Spark Energy. You can sign up on Bounce’s no deposit or low deposit electric rate here: Bounce No and or Low Deposit Residential Electric Service If you have bad credit or no credit I recommend choosing Bounce’s cheapest Plan and have them attempt to pass you at a low deposit requirement. If you have good credit I would go with their “Super Saver Plan”. Learn more

Spark Energy Promotional Code

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