5 Sneaky Costs to Look Out for When Choosing an Electric Company

Choosing the right electric company is about more than finding the lowest rate per kilowatt-hour. You want to find a company that feels trustworthy and understands you. 

There are several hidden costs that can catch you off guard and inflate your monthly bill. To help you avoid any surprises, we’re breaking down the most common costs to look out for and how our prepaid service at Pronto Power can keep things straightforward.

1. Deposits and Credit Checks

Many traditional electric companies require a deposit before they’ll even consider turning on your service. This can be a hefty upfront cost, especially if you’re on a tight budget. Not to mention, these companies often run credit checks to determine how much deposit they’ll require. If your credit isn’t spotless, you could be looking at a higher deposit amount. With us, there’s no need to worry about deposits or credit checks. We offer a prepaid service, which means you pay as you go, with no surprises and no strings attached.

2. Minimum Usage Fees

Some companies sneak in fees for not using enough electricity. Sounds crazy, right? These minimum usage fees penalize you for not meeting a set usage threshold, which can be frustrating for those who are trying to be energy efficient. At Pronto Power, we believe you should only pay for the energy you use. There are no minimum usage fees with our prepaid plans, so you can save money when you’re out of town or simply using less energy.

3. Early Termination Fees

Locked into a long-term contract and want to switch providers? You might face an early termination fee, which can range from a few dollars to hundreds, depending on your contract. With us, there are no contracts, so you’re never stuck in a situation where you’re paying to leave.

4. Hidden Charges and Surcharges

Be on the lookout for miscellaneous fees on your bill, like administrative fees, connection fees, or seasonal rate adjustments. These charges can add up quickly and inflate your bill beyond the advertised rate. At Pronto Power, we value transparency. What you see is what you get—no hidden fees or unexpected surcharges.

5. Late Fees

Life happens, and sometimes bills slip through the cracks. Most traditional electric companies charge late fees if your payment is even a day past due. With our prepaid system, you only pay for what you use, so there’s no due date to worry about. You have complete control over your energy budget without worrying about late fees.

When you choose Pronto Power, you get more than just electricity—you get peace of mind. Our prepaid plans put you in control, with no hidden fees, no deposits, and no contracts. It’s a simple, transparent way to manage your energy costs and avoid those unexpected charges.