Is Your Credit Bad? Do You Need a No Deposit Electric Rate Plan?
For those who have tried signing up with a couple electric providers in Texas only to discover that they want you to pay an outrageous deposit for electric service at your apartment, you now have a better choice. Bounce Energy is a reputable electric provider in Texas offering a “Low Deposit Plan” that allows you to sign up for electric service with no deposit required based on credit. If you want a flat out “NO DEPOSIT” electric rate please use our compare tool at the top right of this page.
The electricity rates in our chart are some of the cheapest available. Considering you will be turning on your lights for little or no deposit down you can be even more confident about your electricity provider choice since you will have a competitive electricity rate as well. If you are in a bind these prepaid plans get you electric service quick without the need to come up with a fortune to pay a large deposit amount.
Moving Into A New Apartment
When moving into a new apartment you will likely be given a paper with the main utilities in your area. For Houston this may be Reliant Energy and for Dallas this could be TXU Energy. The problem arises sometimes when you call them thinking they are the only energy provider in that area and they ask for a $300 – $500 deposit. Your head starts to spin and fumes begin to come out of your ears. This is the time when someone needs to tell you to stop and pay attention because you don’t have to call TXU or Reliant to setup electricity at your apartment. There are over 40 retail electric providers in Texas and over 200 different electric rate plans to choose from.
What Electric Company Should I Call Then
If you want to avoid the deposit that makes since but you also want a low rate and good terms and conditions with the contract. If possible you want to have any type of customer service charge waived because this could be as much as $15 extra a month would eat up any type of energy savings you thought you were achieving. So get the customer service charge to zero and then look at the energy rate. The electric rate for a residence in September 2007 is about 11 cents kwh. That is about as low as it has gotten this month. It actually came down to 10.6 cents kwh for a couple days. As you can see electric rates in Texas are volatile but you can lock in on a fixed rate anywhere from 3 months all the way to 36 months with most energy providers. The 12 month rate is the recommended term to get on as it is low and will insure you a decent electricity rate as energy in Texas is expected to go higher for the long term.
The best way to find the right company is to start by using the tool in green at the top of this page.