Navigating Deposits: Texas Electricity Landscape

Navigating Deposits: Texas Electricity Landscape


Jun 11, 2024

Are there electricity providers without deposits? What are my options?

Are there energy companies in Texas without a deposit? The answer is yes, but it comes with a twist. In this article, we'll get into no-deposit electricity plans and understanding credit score requirements.

Understanding Credit Scores for Electricity in Texas
While not explicitly published, a general credit score requirement of 580-600 is common among major electricity providers. This score, typically from Experian, Equifax, or Transunion, opens the door to deposit-free electricity plans.

Decoding Deposit Costs in Texas
According to the Public Utility Commission of Texas, deposits can't exceed "one-sixth of the estimated annual billing" or two months' worth of electricity. For the average Texan, this means a deposit of around $350, based on an average monthly bill of $178.

Electricity Companies that Prioritize Consumers

Gatby adheres to state regulations and goes beyond by providing choices tailored to consumers' needs. Our commitment ensures that if you meet certain criteria, deposits are waived, offering a seamless and hassle-free experience.

Options for a Deposit-Free Energy Experience

If the traditional route isn't feasible, there are alternative options:

  1. Prepaid Electricity: A minimal upfront payment (starting as low as $40) with no deposit or credit check. Users receive text alerts on their daily balance and can add funds as needed.
  2. No Credit Check Electricity: While some providers offer this, Gatby recommends the more cost-effective and flexible Prepaid Electricity option.

Prepaid Electricity

With Prepaid Electricity, you pay a small amount upfront, avoiding credit checks and deposits. Starting service with just $40, you'll receive regular balance updates and can set up automatic payments for uninterrupted service.

The notable advantage? By keeping your lights on and establishing a positive payment history, you can seamlessly transition to post-paid power for your next plan pay no deposit.


In the intricate world of Texas electricity, navigating the landscape of no-deposit electricity plans in Texas involves understanding credit score requirements and deposit regulations. Major providers typically require a credit score of 580-600, and deposit costs are capped by state regulations. Alternatives like Prepaid Electricity, requiring a minimal upfront payment, provide flexibility and a seamless transition to post-paid power without a deposit, emphasizing consumer empowerment in the Texas energy market.

About the author

Nicolas Perlick

Nicolas Perlick

Software Engineering Lead

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