So, there is a lot of talk about prepaid electricity. This could make one curious as to exactly what prepaid electricity is and what could be the possible benefits. First, what is prepaid electricity? Prepaid electricity is a rate plan allowing customers to pay “up front” or in advance one may say.
The advance payment is for a determined amount of electricity. This advance payment has no daily fee nor any set costs. The customer, be it residential or business, pays for the electricity that is used only. They do not have to purchase what they do not need nor pay for any type of services that is not needed.
Like with most things there are the positives and negatives. Could prepaid have more positive benefits than anything negative? Simply stated, “What are the benefits of prepaid electricity in Houston particularly?” Needing answers, then continue to read. Well, prepaid electricity in Houston does have benefits and the benefits are plentiful. The benefits are good for residential customers and people who own businesses; not to mention, companies and corporations.
Particularly in Texas, steps have been taken to encourage prepaid electricity. Texas has deregulated the market of energy which made residents and owners of business take notice of the benefits which can be helpful. By Texas deregulating the energy market this freed up companies to offer more rates that are competitive to customers both residential and business.
The energy market companies were able to do this because they no longer had to cover all costs such as the cost of maintaining power generation plants, the actual poles, wires and the systems that deliver. They could now show in the overhead expenses and costs.
And, in turn, the customers are free to take advantage of both lower cost and energy plans that are flexible. So, this is benefit number one. The fact that customers both residents and businesses can get lower costs because of the competition for their service.
The second benefit noted here is the fact that both residential and business customers can have flexible plans of energy service that fit what they need meaning they have a choice of plan. To continue with the benefits, let’s look at the fact that after the lower rates and flexible plans of choice for electrical service there are more.
For example, third, same day connection service is one benefit that can not be overlooked as it is for both residential and business customers. The cost is yet again another benefit in regards to same day connection service as customers no longer have to pay the cost for this service which is usually a high expense. Not to mention, fourth, there are installation fees that are no longer charged to the customers both residential and business. Just imagine, no same day service fee nor installation fee to pay.
And, the residential customer and business customer usually get the installation and the connectivity all in the same day. The customer can go online or simply call to get what is needed. Sometimes for new residents and businesses same day install and connect may need to be scheduled but it can be scheduled well in advance; whereas, existing customers both resident and business are almost guaranteed same day service.
Nonetheless, same day service is an actual benefit of prepaid electricity. Fifth, in a nutshell, is the technology with prepaid. One can check balances online or phone, manage their accounts online or phone and do things such as add money to account, schedule payments among many other things. Also, one can monitor their consumption which makes a lot of customers adjust their usage such as turning off lights when not in a room for example. The benefits are endless!