It’s even more exhausting if you have a less-than-favorable credit score.

You’ve struggled while searching for no credit check electricity. Houston alone offers enough options to make your head spin.

And you’ve spent hours weeding through online searches of no credit check, no deposit electricity. Texas is full of electric companies that either run a credit check or want to charge you an arm and a leg for a deposit.

But there’s a downside to no credit check electricity plans that can leave you in more trouble than where you started. 

In this guide you’ll learn:

  • The pros and cons to no credit check, no deposit electricity plans,
  • Whether a no credit check, no deposit electricity plan is the right choice for you; and
  • Other options that may be available to you that don’t compromise your service or your wallet. 
 

Table of Contents

  • What Is a No Credit Check Electricity Plan?
  • No Credit Check, No Deposit Electricity Plans: Pros and Cons
  • Is a No Credit Check, No Deposit Electricity Plan Right for You?
  • Deposit Waivers With Traditional Electricity Plans 
  • Gexa Energy Deposit Waiver Options
  • Make the Switch to a Gexa Energy Plan Today

What Is a No Credit Check Electricity Plan?

No credit check electricity plans are most commonly a type of prepaid electricity plan where you pay before you use any electricity. 

Just as it sounds, a no credit check electricity plan allows you to quickly register and activate electricity to your home without a credit check approval.

Since you’re not subjected to a credit check, you’re not required to have a good payment history. 

You simply deposit money into your prepaid account and the funds are deducted as you use electricity.

Do All Energy Companies Require a Deposit?

You may find some electricity plans that do not require a deposit, depending on the electric company. 

However, many electricity companies require a deposit to protect themselves against customers who may default on payments or cancel their service without paying, which can negatively affect all customers.

Security deposits protect not only the provider, but also the customers and they help to keep energy rates low.

Along with a range of 100% renewable and money-saving plans, Gexa Energy offers electricity plans with low or no deposit options. 


No Credit Check, No Deposit Electricity Plans: Pros and Cons

When you’ve got poor credit or no credit, it can feel like a no credit check, no deposit electricity plan is your only option.

But taking the time to weigh out the pros and cons before you make a decision on your electricity plan could save you a headache and tons of money.

4 Pros to No Credit Electricity Plans

No credit electricity plans have a handful of pros that lead electricity consumers to choose them time and time again.

For comparison purposes we’ve laid them out here so you can make the best choice for yourself. 

#1: No Credit Checks

As promised, a prepaid plan offers the benefit of not running a credit check.

This can be especially helpful if you have no credit or bad credit. 

Approval is simple and usually takes no longer than a day to get your account up and running.


#2: No Deposits

There are no two ways about it here. 

No deposit is required. Instead, every dollar you pay goes directly towards your electricity usage.


#3: No Long Term Contracts

Often referred to as prepaid or pay-as-you-go plans, a no credit check month-to-month electricity plan doesn’t require a contract. 

No contracts are convenient for those who are only in town for a short period of time because it means that you can cancel your service at any time without early termination fees. 

#4: Bill Control

A prepaid plan gives you complete control over how much you spend on your electricity bill.

You pay only what you can afford at that time and when you’re able, you can top up your account.

3 Cons to No Credit Check Electricity Plans

Now that you’re well versed in the pros of a no credit check electricity plan, it’s always beneficial to compare and weigh the cons.

Though we’ve listed fewer cons than pros, read carefully to better understand how the burden of the cons can be much heavier in the grand scheme of things.


#1: Higher Rates

Some no credit check electricity plans may have higher initial rates than other traditional electricity plans. 

It’s important to do the math beforehand.

Although a no credit check electricity plan might seem like a good option for immediate service, if you’re not careful it may mean paying more money in the end.

#2: Upfront Costs

With a no credit electricity plan, you might need to pay for all or some electricity costs upfront. 

While it may not be considered a deposit, a prepaid plan or a version of a prepaid plan might be the only remaining option.

#3: Automatic Shut Offs

Instead of once a month, some no credit check electricity plans are prepaid plans that require frequent payments throughout the month. 

That means if you don’t keep a watchful eye on your electricity usage and you reach the threshold of electricity you’ve paid for upfront, your service could be automatically disconnected

In order to have your service reconnected, you may have to first add more money to your account.

Is a No Credit Check, No Deposit Electricity Plan Right for You?

You’re trying to decide if a no credit check, no deposit electricity plan is right for you. 

That call is yours alone to make. 

Keep in mind that some no credit check electricity plans may not require a deposit, but could possibly cost you more in the long run with higher rates and other upfront costs.

Gexa Energy plans also extend deposit waivers in some situations. Continue reading to find out if you qualify.


Deposit Waivers With Traditional Electricity Plans

At Gexa Energy, we offer many affordable, high-quality electricity plans that don’t require a deposit, depending on the results of the credit inquiry. 

If a deposit is required, you will be alerted immediately.

But don’t let that deter you.

We at Gexa Energy understand that there may be some extenuating circumstances. 

That’s why we also offer a deposit waiver with our electricity plans to help you in specific situations.

Gexa Energy Deposit Waiver Options

If you don’t meet the deposit exception requirement or demonstrate a satisfactory credit history, you may be eligible for a different deposit waiver if:

  • You provide an acceptable utility credit history (credit reference) letter.
  • You are 65 years of age or older and are not currently delinquent in payment of any electric service account.
  • You provide acceptable evidence that you are a victim of family violence.

All required documents proving your eligibility should be sent to Gexa Energy via fax to 866-675-4392 or via email to lettersofcredit@gexaenergy.com.

Your request for service will be processed when your document is received and approved by Gexa Energy, which may take three to five business days from the date of receipt.

For more information, you can always consult our frequently asked questions page.

#1: Provide a Utility Credit History Letter

If you have maintained an acceptable payment history with your previous utility provider and can supply a credit reference letter, you may be eligible for a deposit waiver.

You will be asked to provide a utility credit history letter indicating you have made no more than one late payment in the last 12 months.

You must include your enrollment confirmation email or letter along with the documentation.

#2: You Are Over Age 65 and Currently Have No Delinquent Payments on an Electric Service Account

At Gexa Energy, we honor our elders.

If you are 65 years of age or older and are not currently delinquent in payment of any electric service account, you may qualify for a deposit waiver.

Please provide a copy of your valid driver’s license and your last month’s electricity bill from your current electricity provider indicating that you are not currently past due.

You must include your enrollment confirmation email or letter along with the documentation.

#3: You Provide Evidence That You Are a Victim of Family Violence

To support victims of family violence, Gexa offers deposit waivers to those who can provide acceptable evidence that they are a victim of family violence.

We want to help you get back on your feet, so we ask that you please complete and submit a victim of family violence waiver form.

The Victim of Family Violence, as defined in the Texas Family Code section 71.004, must be completed by a certifying entity. The following are considered a “certifying entity”:

  • Family Violence Center
  • Treating Physician or Medical Personnel
  • Law Enforcement Personnel
  • Office of Texas District Attorney, County Attorney, the Attorney General
  • Grantee of the Texas Equal Access to Justice Foundation when you submit a certification letter from the Texas Council of Family Violence
Please include your enrollment confirmation email or letter with the documentation.
 

Make the Switch to a Gexa Energy Plan Today

Finding an affordable electricity plan doesn’t have to be a losing battle when you have a less than ideal credit score.

Gexa Energy puts all of your options in one place to choose the best electricity plan for your needs based on your:

  • Home type and square footage
  • Lifestyle
  • Electricity usage
  • Desired term length
  • Varying credit score

With so many great plans to choose from, like free electricity or a fixed rate plan with a low price. Gexa Energy has an electricity plan for you. Regardless of your credit score or financial position, we offer a plan that can work.

Plus, all Gexa Energy's residential electricity plans are 100% green.

Don’t be left in constant fear of automatic shut-offs or running out of prepaid electricity on a no credit check electricity plan. 

No credit check electricity plans can leave you looking back in regret once you add up the higher rates over time.

With Gexa Energy you can feel secure knowing you’re getting a 100% renewable plan and superior customer service at a great rate. 

Not to mention our Happiness Guarantee* means you can feel confident that we’re always looking out for you.


Gexa Energy purchases renewable energy credits (RECs) from renewable generation resources throughout North America to match 100% of the energy sold under your electric plan.  The RECs Gexa purchases represent the renewable attributes of power generated from a variety of renewable energy sources, including, but not limited to, the sun, wind, geothermal, hydroelectric, wave or tidal energy, and biomass or biomass-based waste products, including landfill gas.  

* Happiness Guarantee - If you’re not happy with your new Gexa Energy residential plan, just call us within 60 days of your service activation date, change to another available Gexa Energy plan, and we’ll waive the early cancellation fee on your first plan; applies one time only for new Gexa Energy residential customers. Your contract term will restart with your second plan. Offer subject to change or withdrawal prior to customer acceptance.