Last Updated on April 29, 2021 by Mary Pressler
In Texas, Good Credit Gets You the Best Electricity Rate
In Texas, most energy providers require their customers to pass a credit check when entering into an electricity contract with a low fixed rate. Those with poor credit are asked to pay a security deposit. The deposit, ranging anywhere from $100 to $250, acts as insurance to the electric company if the customer defaults on payments.
Most people with bad credit can’t pay the deposit and opt for prepaid electricity instead. Of course, prepaid energy is more expensive, so some customers will pay the security deposit to secure the best electricity rate. You don’t have to have good credit to get electricity in Texas, but those who do have an big advantage when it comes to getting the cheapest energy prices.
Choose an Energy Provider that Rewards Good Credit – Rhythm Texas
For the best electricity rates in Texas, we recommend Rhythm. Not only does Rhythm offer the lowest energy rate per kWh for those with an adequate credit score, they also reward their customers for things like enrolling in electronic billing and Auto-Pay.
Try Rhythm for 90 days. If you’re not satisfied with their service, you can switch away with zero penalties. Online enrollment with Rhythm takes about 5 minutes.