Pennywise Power vs Think Energy
Quick Verdict
Only Think Energy sells green plans. But "green" in Texas is mostly accounting—same electrons either way.
If the green marketing matters to you, you know your answer. Otherwise, compare prices on ComparePower.
Green Energy Gap
Think Energy sells "green" plans. Pennywise Power doesn't. But "green" in Texas is mostly accounting—same electrons either way.
What Actually Differs
Pennywise Power and Think Energy deliver the exact same electricity through the exact same wires. The electrons don't care whose logo is on your bill. What differs: the price, the service when something goes wrong, and the fine print in contracts.
Who's Behind These Companies
Pennywise Power: Owned by NRG Energy (NYSE: NRG). 18 years in Texas—they've survived enough grid crises to prove they won't fold mid-contract. Based in Houston, Texas.
Think Energy: Owned by Energywell (backed by Oaktree Capital Management / Brookfield). 15 years in Texas—that track record matters when you're signing a multi-year contract. Based in Greens Farms, Connecticut.
What They Actually Sell
Pennywise Power offers fixed-rate, variable-rate.
Think Energy offers fixed-rate, green, solar-buyback. They sell "green" plans (mostly accounting—same electrons, but they buy renewable credits).
The Money Part
Pennywise Power: Deposit depends on credit—expect $200-400 if your score is below 600.
Think Energy: Deposit depends on credit—expect $200-400 if your score is below 600.
The Honest Answer
Both are legitimate. Neither is a scam. The electricity is identical. What matters is: (1) who's cheaper for your actual usage, (2) whether you need to skip a credit check, and (3) if you care about green marketing. Scroll down to "The Verdict" for the quick answer. For actual rates, check ComparePower. Takes 2 minutes.
See how they compare on price
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Category Breakdown
Only Think Energy sells green plans (it's mostly accounting, but it's something)
Rates change constantly. Check ComparePower with your actual usage.
Side-by-Side Comparison
| Feature | Pennywise Power | Think Energy |
|---|---|---|
| Parent Company | NRG Energy (NYSE: NRG) | Energywell (backed by Oaktree Capital Management / Brookfield) |
| Years in Texas | 18+ | 15+ |
| Headquarters | Houston, Texas | Greens Farms, Connecticut |
| Fixed-Rate Plans | ||
| Variable Plans | ||
| Prepaid Options | ||
| Green Energy | ||
| Free Nights/Weekends | ||
| Deposit Required | Conditional | Conditional |
| Credit Check |
Trust & Complaint Data ▼
Trust & Reputation
External ratings comparison
Trust Score is a weighted average: Google (40%), BBB (35%), Trustpilot (25%)
Complaint Comparison
PUCT Data • Jul-Dec 2025
Pennywise Power
Think Energy
Think Energy has 2.3 fewer complaints per 10k customers
The Verdict
- You need month-to-month—Think Energy locks you in for 12 months minimum
- Historical reference only--Pennywise Power no longer enrolls new customers
- You want green energy (it's mostly accounting, but Pennywise Power doesn't even offer that)
- You want 100% renewable energy without paying a green premium
- You want a long fixed-rate lock--up to 60 months on solar plans
- You own a smart thermostat and want $10/month in bill credits through Think Smart
Done researching? See actual rates.
Pennywise Power or Think Energy — find out which one is cheaper at your address.
Frequently Asked Questions
Q: When should I choose Pennywise Power over Think Energy? ▼
You need month-to-month—Think Energy locks you in for 12 months minimum. Historical reference only--Pennywise Power no longer enrolls new customers.
Q: When should I choose Think Energy over Pennywise Power? ▼
You want green energy (it's mostly accounting, but Pennywise Power doesn't even offer that). You want 100% renewable energy without paying a green premium. You want a long fixed-rate lock--up to 60 months on solar plans. You own a smart thermostat and want $10/month in bill credits through Think Smart.
Q: What is the main difference between Pennywise Power and Think Energy? ▼
Think Energy leads in green energy. Both companies deliver the same electricity through the same grid—the real differences are in pricing, service quality, and available plan types.
Q: Is Pennywise Power or Think Energy cheaper? ▼
Anyone who answers this without knowing your zip code and usage is lying. The "advertised rate" is calculated at exactly 1,000 kWh—use 800 or 1,200 and the math changes completely. Both companies exploit this. Check ComparePower with your actual usage. Takes 2 minutes, and you'll see real numbers instead of marketing.
Q: Which company has been in Texas longer, Pennywise Power or Think Energy? ▼
Pennywise Power: 18 years. Think Energy: 15 years. Similar track records. Both have survived enough Texas summers to prove they won't fold mid-contract.
Q: Which is better for green energy, Pennywise Power or Think Energy? ▼
Think Energy sells "green" plans. Pennywise Power doesn't. But here's the catch: "green" electricity in Texas is mostly accounting. They buy renewable energy credits—the actual electrons are the same mix as everyone else. If the green marketing matters to you, Think Energy is your option. For real environmental impact, check if they have actual renewable generation backing.
Q: What types of plans do Pennywise Power and Think Energy offer? ▼
Pennywise Power: fixed-rate, variable-rate. Think Energy: fixed-rate, green, solar-buyback. Think Energy has more options (3 plan types vs 2). More options = more ways to optimize, but also more ways to pick wrong. If you just want simple fixed-rate power, ignore the complexity. If you have specific needs (EV charging at night, pool pump, work-from-home AC), the right specialty plan can save you $50/month.
Q: Which is better overall, Pennywise Power or Think Energy? ▼
Same grid. Same wires. Same electrons. The electricity is literally identical—the only differences are price, service, and plan options. Pennywise Power wins if historical reference only--pennywise power no longer enrolls new customers. Think Energy wins if you want 100% renewable energy without paying a green premium. For everyone else? Whoever's cheaper for your usage right now. Check ComparePower—it takes 2 minutes.
More Head-to-Head Matchups
See who wins when Pennywise Power and Think Energy face other competitors.