No-Deposit Electricity Plans
10 no-deposit electricity plans from 1 providers. No credit check required. Rates shown at 1,000 kWh monthly usage.
| Compare | Provider | Plan Name & Term | Rate per kWh | Sign Up |
|---|---|---|---|---|
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Payless Power
PTC 12 Month - Prepaid
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15.50¢
per kWh at 1,000 kWh
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Payless Power
PTC 6 Month - Prepaid
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15.80¢
per kWh at 1,000 kWh
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Payless Power
PTC 12 Month - Prepaid
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15.80¢
per kWh at 1,000 kWh
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See plans for your address
Enter your ZIP to see exact rates available to you.
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Payless Power
PTC 6 Month - Prepaid
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16.00¢
per kWh at 1,000 kWh
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Payless Power
PTC 12 Month - Prepaid
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16.10¢
per kWh at 1,000 kWh
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Payless Power
PTC 6 Month - Prepaid
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16.20¢
per kWh at 1,000 kWh
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Payless Power
PTC 12 Month - Prepaid
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16.60¢
per kWh at 1,000 kWh
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Payless Power
PTC 6 Month - Prepaid
|
16.80¢
per kWh at 1,000 kWh
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Payless Power
PTC 12 Month - Prepaid
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17.40¢
per kWh at 1,000 kWh
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Payless Power
PTC 6 Month - Prepaid
|
17.80¢
per kWh at 1,000 kWh
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Summary: As of September 21, 2026 at 10:41 PM CDT, ElectricChoice lists 10 residential electricity plans from 1 providers across 1 deregulated U.S. states (Texas). The cheapest rate is 15.5¢/kWh at 1,000 kWh usage. The average rate among the 20 cheapest plans is 16.4¢/kWh. Plans include fixed-rate, variable-rate, prepaid, and 100% renewable options. Rates are updated multiple times daily.
| Provider | Plan Name | State | Rate at 1,000 kWh (¢/kWh) | Rate at 500 kWh (¢/kWh) | Rate at 2,000 kWh (¢/kWh) | Contract Term | Early Termination Fee | Renewable Energy % | Plan Type |
|---|---|---|---|---|---|---|---|---|---|
| Payless Power | PTC 12 Month - Prepaid - 15.50¢ | Texas | 15.50 | 16.00 | 15.20 | 12 months | $49 | 26% | Prepaid |
| Payless Power | PTC 6 Month - Prepaid - 15.80¢ | Texas | 15.80 | 16.30 | 15.50 | 6 months | $49 | 26% | Prepaid |
| Payless Power | PTC 12 Month - Prepaid - 15.80¢ | Texas | 15.80 | 16.30 | 15.60 | 12 months | $49 | 26% | Prepaid |
| Payless Power | PTC 6 Month - Prepaid - 16.00¢ | Texas | 16.00 | 16.50 | 15.80 | 6 months | $49 | 26% | Prepaid |
| Payless Power | PTC 12 Month - Prepaid - 16.10¢ | Texas | 16.10 | 16.40 | 16.00 | 12 months | $49 | 26% | Prepaid |
| Payless Power | PTC 6 Month - Prepaid - 16.20¢ | Texas | 16.20 | 16.50 | 16.10 | 6 months | $49 | 26% | Prepaid |
| Payless Power | PTC 12 Month - Prepaid - 16.60¢ | Texas | 16.60 | 16.90 | 16.40 | 12 months | $49 | 26% | Prepaid |
| Payless Power | PTC 6 Month - Prepaid - 16.80¢ | Texas | 16.80 | 17.10 | 16.60 | 6 months | $49 | 26% | Prepaid |
| Payless Power | PTC 12 Month - Prepaid - 17.40¢ | Texas | 17.40 | 18.10 | 17.00 | 12 months | $49 | 26% | Prepaid |
| Payless Power | PTC 6 Month - Prepaid - 17.80¢ | Texas | 17.80 | 18.50 | 17.40 | 6 months | $49 | 26% | Prepaid |
No-Deposit Electricity Plans in September 2026
As of September 21, 2026 at 10:41 PM CDT, there are 10 no-deposit electricity plans available from 1 providers. The cheapest no-deposit plan starts at 15.5¢ per kWh at 1,000 kWh monthly usage.
No-deposit electricity plans let you start service without a credit check or upfront deposit. These plans are ideal for renters, students, people rebuilding credit, or anyone who wants to avoid the $200–$400 deposit that traditional plans may require.
Most no-deposit plans are prepaid — you pay in advance and use electricity until your balance runs out. There's no long-term contract, no cancellation fee, and no surprise bill at the end of the month. Some providers offer pay-as-you-go apps that let you add funds and monitor your balance in real-time. While prepaid rates may be slightly higher than traditional fixed-rate plans, the flexibility and zero barrier to entry make them a smart choice for many households.
Frequently Asked Questions
What is a no-deposit electricity plan?
A no-deposit plan lets you start electricity service without paying an upfront deposit or undergoing a credit check. Most no-deposit plans are prepaid — you add funds to your account and use electricity until the balance runs out. There's no long-term contract and no early termination fee.
Do no-deposit plans require a credit check?
No. No-deposit and prepaid electricity plans do not require a credit check. This makes them ideal for people with no credit history, low credit scores, or anyone who simply wants to avoid the traditional deposit and credit inquiry process.
Are no-deposit electricity plans more expensive?
No-deposit and prepaid plans may have slightly higher per-kWh rates compared to traditional fixed-rate plans. However, you save money upfront by avoiding deposits ($200–$400), and there are no surprise bills, late fees, or early termination fees. For many customers, the total cost is comparable or even lower.
How do prepaid electricity plans work?
With a prepaid plan, you add funds to your electricity account in advance. As you use electricity, the cost is deducted from your balance. Most providers send alerts when your balance is low so you can add more funds. If your balance runs out, service may be temporarily disconnected until you reload. Many providers offer convenient mobile apps for managing your account.
Can I switch from prepaid to a traditional plan later?
Yes. Since prepaid plans have no contract, you can switch to a traditional fixed-rate or variable-rate plan at any time with no cancellation fee. Many customers use prepaid plans as a starting point while they build credit or settle into a new home.
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