Compare No Deposit Electricity Plans in Texas
No-deposit electricity plans let you power your home without making a hefty upfront deposit when switching providers. No deposit options are usually available from Texas energy providers (if you meet requirements). Here’s a closer look at how these plans work, who qualifies, and which providers offer them.
Compare Electricity Plans with a No-Deposit Option Side-by-Side
The following Texas companies offer a no-deposit option with the plans listed below.
*All rates above are accurate as of 08/31/2026 for zip code 77056 based on 1,000 kWh of usage. Rates may have changed since this date. For the most up-to-date rates in your area, please enter your zip code. You can obtain important standardized information that will allow you to compare this product with other offers. Contact the respective provider.
What does “No Deposit” Mean?
No deposit plans are plans that do not require deposit, such as prepaid plans. Other plans may offer a no deposit option, where you can get the fee waived if you meet credit requirements, can provide a letter of credit showing a history of on-time payments, or qualify for an approved electricity waiver as defined under Texas law.1
Some of the pros of no-deposit options can include:
- Same-day service available if you sign up within the timeframe
- Lower or no upfront costs
- Lower rates (plans usually long term)
Some of the cons of no deposit options may include:
- Credit check often required
- Need to provide additional documentation (ex: waiver).
You can check a plan’s Electricity Facts Label (EFL) for its fees, terms, and breakdown of green energy content. However, EFLs don’t have to show a provider’s required deposit fee. For that, you may need to review the plan’s Terms of Service or ask your provider directly.
Explore the best electricity companies in Texas.
No Deposit Options vs. Prepaid Electricity Plans
Electricity plans with a no deposit option let you skip the upfront deposit, but you still pay your bill monthly, usually with lower rates and a credit check required.
Prepaid plans, on the other hand, require you to pay in advance (also known as a pre-payment amount) and use electricity as your balance decreases, with no credit check but typically higher rates and possible quick shutoff if funds run out.
In short, no-deposit options are cheaper if you qualify, while prepaid plans offer easier, more flexible access.
Flexibility Where it Matters
Whether it’s a short-term or long-term electricity plan, find exactly what you need.
Who Are the Light Companies with No-Deposit Options in Texas?
| Company | No Deposit Requirements |
|---|---|
| Amigo Energy | Senior citizen, credit check or approved deposit waiver |
| APG&E | Senior citizen, credit check, letter of credit, approved waiver |
| BKV Energy | Senior citizen, credit check, letter of credit, approved waiver |
| Constellation Energy | Senior citizen, credit check, letter of credit, approved waiver |
| GoodCharlie | Senior citizen, credit check, letter of credit, approved waiver |
| Just Energy | Senior citizen, credit check or approved deposit waiver |
| Payless Power | Senior citizen or approved deposit waiver |
| Tara Energy | Senior citizen, credit check or approved deposit waiver |
Energy Savings Scores for Companies Offering an Option for No-Deposit Electricity
| Company | Energy Savings Scores |
|---|---|
| Amigo Energy | 5/5 |
| APG&E | 4/5 |
| BKV Energy | 4.4/5 |
| Constellation Energy | 4.4/5 |
| GoodCharlie | 4.2/5 |
| Just Energy | 4.6/5 |
| Payless Power | 4.2/5 |
| Tara Energy | 4.8/5 |
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With 20+ years helping Texans find their perfect electricity plan, we can help you find yours.
How to Use Energy Savings to Find No-Deposit Electricity Plans
To find no-deposit electricity plans, simply enter your ZIP code on EnergySavings.com and use the filter function to show only plans with no credit check. You’ll find the option under “Plan Types.” No-credit-check plans are usually prepaid plans.
No-Deposit Light Company FAQs
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Is a credit check required to sign up for a no-deposit electricity plan?
It depends. Typically, energy providers don’t check your credit when you sign up for a no-deposit electricity plan. These plans are usually prepaid or pay-as-you-go and are designed for people with poor credit or no credit history.
To waive a deposit on a standard plan, providers may check your credit if you don’t qualify for their other waivers.
What companies in Texas offer prepaid electricity plans?
Payless Power, Pogo Energy, and TXU Energy are just some of the energy providers in Texas offering prepaid electricity plans.
Are there any ways to have electricity deposits waived in Texas?
Yes. Texas law requires deposit waivers for customers with on-time payment histories or for customers aged 65+ with no late payments in the past 2 years. 1
Utilities must also waive deposits for family violence victims with a certification letter from the Texas Council on Family Violence.2
Does any company in Texas offer same-day electricity plans with no deposit options?
Sources
1. Public Utility Commission of Texas. “CHAPTER 25. SUBSTANTIVE RULES APPLICABLE TO ELECTRIC SERVICE PROVIDERS.” Accessed March 13, 2026. https://ftp.puc.texas.gov/public/puct-info/agency/rulesnlaws/subrules/electric/25.24/25.24.pdf
2. Public Utility Commission of Texas. “Help Paying Your Electric Bill.” Accessed March 13, 2026. https://www.puc.texas.gov/consumer-help/electricity/paying-my-bill/