Best No-Deposit Electricity Companies in Texas

Texas electricity with no deposit. PUCT waivers, letter of credit options, prepaid plans, and the 12-month strategy to lower rates.

#1

Payless Power

4

Texas prepaid pioneer since 2005 — no credit check, same-day service 7 days/week

Your credit is rough and you need power without a depositYou want to budget electricity like a prepaid phoneYou like daily balance alerts and usage tracking
Price position: Competitive
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#2

4Change Energy

4

90%+ approval rate, often waives deposit with utility letter

You want budget rates and the charity angle makes you feel a little betterYou prefer simple fixed-rate plans without gimmicksYou won't call customer service much
Price position: Competitive
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#3

Discount Power

4

Deposits $50-150 for scores 550-650 — half what big names charge

Price is your #1 factorYou need prepaid and can't pass a credit check elsewhereYou're renting short-term and want 1-month flexibility
Price position: Competitive
Read Review
#4

TXU Energy

4

TXU PowerPass prepaid with 24/7 support — pay for the brand reliability

You're staying put for 2-3 years and want rate stabilityYour credit score is 650+ (otherwise, expect a deposit)You actually use their 24/7 phone support
Price position: Competitive
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How We Ranked These Companies

For this "best no-deposit electricity companies in texas" ranking, we weighted these factors:

  • Prepaid plan availability and same-day service cutoff times
  • Deposit amounts by credit score range (under 550, 550-650, 650+)
  • PUCT deposit waiver acceptance (letter of credit, assistance programs)
  • Startup costs for prepaid ($40-150 range)
  • Trust level based on years in Texas and complaint history

Important: We don't get paid more to rank one company higher. These rankings are based on research, not affiliate deals.

Compare These Providers Head-to-Head

Can't decide between our top picks? See how they stack up against each other.

4change Energy vs Discount Power
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Txu Energy vs 4change Energy
→
Txu Energy vs Discount Power
→
Txu Energy vs Payless Power
→
See all comparisons →

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These rankings tell you who's good. Our plans page tells you what they cost today.

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Why This Page Exists

This page answers: "Who's the no-deposit electricity companies in texas in Texas?" It's about company quality, not today's prices. For current rates, check our plans page.