The Pros and Cons of Pay-As-You-Go Electricity

Pay-As-You-Go Electricity

Have you considered prepaid utilities, also known as “pay-as-you-go” electricity? If so, you would be wise to think about the pros and cons of prepaid electricity versus traditional postpaid power plans. And, did you know that if you live in a deregulated area of Texas, you have the option to select the utility provider of your choice? Evaluating energy plans to find the right one for you is essential to staying on top of your finances. 

Let’s explore the advantages of using pay-as-you-go electricity (as well as the disadvantages) in order to make the most financially responsible decision for your household. 

How does “pay-as-you-go” electricity work?

  • First, it is important to understand what this type of prepaid electricity is and how it works. Prepaid power plans refer to paying ahead of time for the electricity you use before you actually use it. 
  • It offers you the ability to stay on budget, scale back usage when needed, and monitor your electricity consumption in real-time. 
  • Postpaid electricity plans, on the other hand, follow the more traditional route of customers paying for energy after it has been used. This often results in larger-than-expected electricity expenses that may put people who are trying to stick to a budget in a bind. 

What are the pros and cons of prepaid power?

  • PRO—Pay-as-you-go electricity involves using an electronic device known as a Smart Meter. This device records your power usage in real-time, allowing you to track your habits. You can then scale back your usage if you need to in order to stay on track.
  • PRO—No credit check, ID/SSN, or deposit required! This means that no matter what shape your finances are in currently, you can get signed up with fast, affordable power in no time. Instead of spending money on a deposit, the funds you spend with Prepaid Lights’ exceptional prepaid plan service go straight toward your account balance. 
  • PRO—Stay on top of your account balance with easy-to-access information. You’ll receive alerts from Prepaid Lights, the No. 1 prepaid provider in Texas if your account balance dips too low. That way, you have the option to add more funds to your account to hold you over until the next billing cycle begins. 
  • CON—Prepaid electricity is not the traditional method of power providers, so it may take some adjustment to get used to paying for your usage upfront. Luckily, most people find that the savings they reap by switching to a prepaid plan make it well worth making the change. 
  • CON—If you don’t stay on top of your prepaid utility plan, and do not pay attention to account alerts, you may risk having your service disconnected. This issue can be avoided by maintaining enough funds in your account and monitoring your usage. Most customers find the account alerts are very helpful in allowing them to stay on top of their account even with a hectic lifestyle! 

If you’re ready to make the change to an affordable, reliable prepaid electricity plan, call or visit https://prepaidlights.net/ and get signed up with Prepaid Lights! 

Disclaimer: © March 2021 PayGO Distributors, LLC. This is an advertisement for prepaid electric service from PayGO Distributors, LLC., an independent energy sales organization. Energy services are provided by Young Energy, LLC DBA Payless Power REP#10110 and Brooklet Energy Distribution, LLC DBAs Acacia Energy, Snap Energy Latino, and Now Power REP#10137. There is a minimum required payment to establish a connection. Call for more information on minimum required payments, balances, and specific terms of service and promotional details. Utility fees may also apply and may increase the total amount that you pay. Offers subject to termination or change without notice. Se habla Español.

* Rates quoted are at 2,000 kWh per the Electricity Facts Label for Oncor. Please check EFL for your effective rate.

** Order must be placed online before 4pm CST. Meter must not be subject to a switch hold.

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