5 Common Myths and Misconceptions About Prepaid Power

Prepaid power is becoming a popular choice for many households in Texas, but there are still some myths and misconceptions about how it works. If you’re thinking about switching to a prepaid power plan, it’s important to know fact from fiction. Here are five of the most common myths surrounding prepaid power and the truths behind them:

Myth #1: Prepaid power is more expensive than traditional electricity.

It’s commonly thought that prepaid power plans are more expensive than traditional electricity plans. In reality, prepaid power often allows you to save money by giving you more control over how much energy you use. Since you pay for electricity as you need it, there’s no risk of surprise bills at the end of the month. Plus, Pronto Power offers some of the lowest rates per kilowatt-hour in the state of Texas, so you’re saving money on all sides!

Myth #2: Prepaid power is only for low-income households.

Many people believe that prepaid power is designed only for low-income families, but this is false. Prepaid power is a great option for anyone who wants more control over their energy use—whether you’re managing a tight budget or prefer the ease of monitoring your account as you go. Students, young professionals, business owners and senior citizens all benefit from using prepaid power. 

Myth #3: You have to sign long-term contracts.

Another myth about prepaid power is that it has long-term contract requirements. This is not the case. With prepaid plans, you pay in advance for the electricity you use, meaning there is no need for contracts or commitments. If your needs or preferences change, you can easily switch plans or providers without the hassle. This gives you complete freedom when it comes to powering your home.

Myth #4: There are credit checks and large deposits.

It’s commonly believed that all power plans require credit checks and deposits. While this is often true for traditional electricity plans, this is rarely the case with prepaid power. In fact, one of the main benefits of prepaid power from Pronto Power is that there are no credit checks, making it an ideal option for people with poor or no credit history. And since you pay for electricity as you need it, there are no hefty deposits required to begin service. You simply pay for the electricity you use as you use it.

Myth #5: Prepaid power plans aren’t flexible.

We’re used to the rigidity of traditional power plans, so that bias often finds itself spilling over into our beliefs about prepaid power. Prepaid plans are flexible in many ways. First, you add funds to your account when it’s convenient for you. There are no restrictions on the amount of energy you can use and you won’t ever run out. Prepaid power is not reserved for certain home types or sizes—it works for all types and sizes of homes, whether you rent an apartment or own a house. The main benefits of prepaid power plans are the flexibility and control they provide.

Now that you understand the truth behind these common myths and misconceptions about prepaid power, you can be more confident in your decision to make the switch to prepaid. Have more questions? Contact us today to learn more about how our Texas prepaid power plans can benefit you!