Discount Power | Affordable Rates, Plan Details, and Reviews

Discount Power Energy Rates and Plans

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About Discount Power

Discount Power was founded in 2008 under the name Pennywise Power as a subsidiary of Reliant Energy. In 2018, NRG Energy purchased Pennywise Power, and in 2019, it changed its name to Discount Power. The company continues to offer both residential and business energy services throughout parts of Texas.

Texas deregulated its energy market in 2002. Since then, consumers have been able to choose their energy provider from the available options. Discount Power has become one of the top providers in the state. Enter your ZIP code above to explore Discount Power energy plans available near you.

Discount Power at-a-glance

  • Offers fixed-rate energy plans to help customers lock in low rates
  • Is a part of the NRG Energy family, which is a leader in American energy
  • Offers plans across many of Texas’s major cities
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Discount Power electricity rates in Texas

Plan Name Plan Length Rate
Discount Power - Value Plus 12 12 months $0.113 / kWh
Discount Power - Saver 24 24 months $0.117 / kWh

Please note: All rates above are accurate as of 9/15/2021, 6:38:13 PM CDT for ZIP Code 75001. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Discount Power plans

Discount Power has several different energy plans to help everyone pick the right energy plan. Keep in mind that the plans available may differ depending on where you live. While the plans below are some of Discount Power’s most popular, be sure to enter your ZIP code above to check which plans are available near you.

Saver 24

The Saver 24 plan is a 24-month fixed-rate plan, meaning customers can lock in their rate for two years. Fixed-rate plans are ideal for customers who want stability in their energy bills every month. The plan charges a $200 early termination fee if you end your contract before it expires.

Wise Buy 24

The Wise Buy 24 plan is another 24-month fixed-rate energy plan. This plan waives the base charge for customers with usage above 1000 kWh, so it’s best for high-usage households. The plan requires a $200 termination fee if you end your contract early.

Value Plus 24

The Value Plus 12 plan is Discount Power’s shortest plan. It’s a 12-month fixed-rate contract, meaning customers can lock in their rate for one year. The plan requires a $150 early termination fee if you end your contract before it ends.

Discount Power Reviews

Overall SaveOnEnergy score 3.7/5
Customer service 1.0/5
Online accessibility 5.0/5
Business history 5.0/5

We’ve broken down our scoring model into three main categories:

  • Customer service (Power to Choose complaint score; Satisfaction guarantee)
  • Online accessibility (Online bill pay; Online chat; Access to usage alerts & trends)
  • Business history (Number of years in business; Accreditation by the BBB)

Discount Power’s overall rating was affected by a below-average complaint score. Otherwise, its marks are high in all categories. For more information on SaveOnEnergy.com reviews, see the full list here.

(Updated 3/24/2021)

Services offered by Discount Power

Discount Power for residential customers

Discount Power specializes in providing residential energy services to consumers across Texas. The company offers fixed-rate contracts with affordable energy rates. Enter your ZIP code above to explore available residential energy plans near you.

Discount Power for business customers

In addition to the residential plans, Discount Power also offers Texas electricity plans for businesses, helping them to save on energy costs. Visit our business energy page to learn more about the commercial electric options in your area.

Green energy options with Discount Power

Discount power doesn’t currently offer 100 percent green energy plans in Texas, but all of the company’s plans include some percentage of renewable energy. Many Texas energy plans are powered by a significant portion of wind or solar energy.

Discount Power services areas

Discount Power serves customers in all parts of Texas, including Houston, Dallas, Fort Worth, Corpus Christi, Irving, and Plano.

Discount Power also works in the service area of several utility companies. Utilities in Discount Power’s service area include:

SaveOnEnergy’s tips for easy electricity service setup

  • Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:
    • Price per kilowatt-hour based on usage
    • % renewable energy sourcing
    • Early termination fees
  • Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
  • Understanding your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.

How to move or transfer service with Discount Power

Are you moving to a new address in Discount Power’s service area? Luckily the company makes moving your electric plan easier than ever. Just contact Discount Power during their business hours and let them know when you’re planning to move. They’ll set everything up on their end. And if you’re not a current Discount Power customer but are moving into their service area, you can contact them ahead of time to schedule your move-in date and have your service ready.

Discount Power electric rates in my area

Because of different utility transmission charges, companies charge varying rates in different areas, even for the same plan. Because electricity rates can vary by location, it’s important that you get a quote specifically for your area to ensure it’s accurate. To get started, just enter your ZIP code above, and you’ll find a list of the current plans and prices in your area.

Discount Power FAQs

What services does Discount Power offer?

Discount Power offers several fixed-rate energy plans. It has plans with different contract lengths and those that are best suited for different levels of energy use.

How can I compare plans and rates from Discount Power?

You can easily compare Discount Power’s rates and plans using the unaffiliated SaveOnEnergy marketplace. To get started, just enter your ZIP code above. You’ll find a list of all the plans near you. If you want to narrow your results down to only those plans from Discount Power, you can use the filter tool on the page.

Will Discount Power require a deposit?

When you sign up for a discount power plan, the company will determine if a discount is required based on your credit score. The company doesn’t currently offer no-deposit energy plans, but does allow some low-income customers to pay their deposit in two installments.

Will Discount Power charge me a cancellation fee?

Discount Power will charge a termination fee if you leave your contract early. The fee is either $150 or $200, depending on the length of the contract.

How long has Discount Power been in business?

Discount Power was founded in 2008 as Pennywise Power but was renamed Discount Power in 2019. It has operated in the Texas energy market since it was founded.

Contact Discount Power

  • Headquarters: Houston, TX
  • Bill pay: Log into your Discount Power account here
  • Customer service: Call 1-877-455-4674
  • Outages: Contact your utility company

Discount Power rates in Houston

Plan Name Plan Length Rate
Discount Power - Value Plus 12 12 months $0.122 / kWh
Discount Power - Saver 24 24 months $0.126 / kWh

Please note: All rates above are accurate as of 9/15/2021, 6:38:13 PM CDT for ZIP Code 77002. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Discount Power rates in Dallas

Plan Name Plan Length Rate
Discount Power - Value Plus 12 12 months $0.113 / kWh
Discount Power - Saver 24 24 months $0.117 / kWh

Please note: All rates above are accurate as of 9/15/2021, 6:38:13 PM CDT for ZIP Code 75001. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Discount Power rates in Fort Worth

Plan Name Plan Length Rate
Discount Power - Value Plus 12 12 months $0.113 / kWh
Discount Power - Saver 24 24 months $0.117 / kWh

Please note: All rates above are accurate as of 9/15/2021, 6:38:13 PM CDT for ZIP Code 76137. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Updated: 9/15/2021

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