Texas Electric Companies that Waive Deposits
Why do electric companies charge a deposit?
Most energy providers in Texas require a credit verification during the enrollment process. Customers with less than good to fair credit are often required to pay a security deposit before getting the power turned on. This way the electric company gets paid if the customer defaults on bill payments.
At Quick Electricity, we waive all deposits. For only $40 down, you can get the lights on today with no additional deposit. Use our Texas address search to get signed up online.
By Law, Under What Circumstances is an Electricity Deposit Waived?
The Texas Public Utilities Commission (PUC) has determined that a deposit can and should be waived under limited circumstances including family emergencies or violence, medical indigency, identification fraud, military status and age. Seniors over the age of 65 can normally get around paying an electric deposit.