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Prepaid vs. Postpaid Electricity

Know Your Options!

What are prepaid and postpaid electricity plans? What are the main differences between the two? If you’ve been asking yourself which power path will work best for your budget, look no further—Peso Power is here to help!

Let’s explore the meaning of each electricity-related term, followed by the requirements and benefits of each.

  • Prepaid electricity gives you the freedom to pay for electricity ahead of time—before you use it. Track your usage with a Smart Meter to keep your electricity habits and charges in check.
  • Postpaid electricity is the most traditional approach to power plans. Postpaid electricity means you pay for your usage after you use it. This means that you will have regularly scheduled electric bills to pay.

What do these plans mean for me?

If you live in a deregulated area, you have the option to choose your electricity provider. Review the following perks and requirements of both plans to make an informed decision.

Prepaid electricity

  • NO Social Security Number (SSN) required!
  • NO credit check or deposit to pay!
  • NO monthly bill or late fees—save more and stress less!
  • An initial payment to activate service is required—setup is a breeze
  • Track your energy habits and save money with a Smart Meter
  • Auto-pay options for your convenience
  • Simple online account management
  • Low variable and fixed rates available
  • Terms of service fees (see schedule)
  • Providers like Peso Power make it easy to sign up and get connected quickly

Postpaid electricity plans sometimes make you pay an up front deposit before starting your service and typically require the following:

  • A Social Security Number (SSN)
  • Credit check and possibly a deposit
  • Monthly bill and payment deadlines
  • Late or partial payments are subject to late fees or fines
  • Auto-pay options for your convenience
  • Simple online account management
  • Low variable and fixed rates available

Take your pick

Once you’ve brushed up on the basics, decide whether a prepaid or postpaid electricity plan is right for your lifestyle and electricity consumption.

  • How do you budget for bills? If you want to be able to monitor your energy usage and costs before you pay, you might want to sign up for prepaid electricity. If you’re not concerned about making monthly payments, a traditional postpaid electricity plan could work for you.
  • Keep in mind that postpaid electric plans require on-time, regular payments based on your usage. There are not many factors you can control when paying for power this way.
  • Prepaid electricity plans mean you don’t have to worry about providing a Social Security Number (SSN), going through a credit check, or paying a hefty deposit that you most likely won’t get back.
  • Keep your personal information private! All you need to provide your Peso Power representative with is your name, a contact phone number, email address (optional), and some short answers to security questions to keep your account safe.
  • Have text and/or email access? That’s all you need to manage your Peso Power prepaid electricity account from your phone or computer.
  • Peso Power makes it easy to keep up with your account. You will receive daily account updates about your usage and remaining balance. If your account balance dips below 3 days’ worth of electricity usage, you’ll also get a notification.
  • Auto-pay options put you in control. You can adjust the settings to make payments for set amounts on a recurring basis, or add funds to your account balance if it gets below a certain point.
  • With Peso Power’s prepaid electricity plans, you’re in charge!

Are you ready to get connected with the perfect prepaid electricity plan?

Enroll with Peso Power Today—no SSN, credit check, or deposit required!

Enroll Now

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