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Prepaid Electricity: What Is It and How Does It Work?

Written by Luke Daugherty

Edited by Jamie Cesanek

Last updated 01/04/2024

Mature man using his tablet to search for prepaid electricity while at home

Key Points

  • Prepaid electricity plans allow you to pay for electricity usage upfront rather than receiving a bill based on your monthly consumption.
  • With prepaid plans, you can skip the credit check and security deposit and pay for energy as you go.
  • To explore prepaid electricity options on the SaveOnEnergy marketplace, enter your ZIP code and select the filter for no-deposit plans.
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