Smart Prepaid Electric

  • Headquarters: Houston, TX
  • Founded: 2002
  • Affiliate of Fulcrum Retail Holdings, which also operates Tara Energy and Amigo Energy
  • Markets served: Texas

Learn about Smart Prepaid Electric in Texas

Texas retail electricity customers don't necessarily have to sign a contract with a retail electric provider. As long as the customer has a smart meter, they can choose to pay as they go with a Smart Prepaid Electric plan. Smart Prepaid Electricity can use the smart meter number to remotely set up a new account. From there, the customer pays in advance for energy under the Smart Prepaid Electric plan. As the customer uses energy, Smart Prepaid Electricity adjusts the account balance each day. When the balance is running low, the customer can add more to the account by paying online, over the phone, by mail or at a payment center.

What kinds of Smart Prepaid Electric rates are available?

Smart Prepaid Electric rates are variable, which means they fluctuate depending on the energy market. When the customer purchases electricity, the rate stays the same until that electricity is used up and it's time to reload the account. However, the next time the customer reloads the account, the rates may have changed. Knowing how much electricity will be used in a given period helps to plan and possibly provide some insulation from market changes.

Advanced planning can also reduce fees. Smart Prepaid Electric charges a fee each time the customer reloads the account. Customers can avoid frequent reloading by conserving energy and buying more up front.

How is Smart Prepaid Electric service set up

For customers who have smart meters, setting up Smart Prepaid Electric service is simple. New customers can enroll online or by phone. After making an initial deposit, Smart Prepaid Electric will contact the customer's utility to request service. Transfer of service can be done remotely through the smart meter. Customers can track their usage online, by setting up text message alerts to their cell phones or by calling Smart Prepaid Electric customer service. For prospective customers who are unsure whether they have a smart meter, they can enter their address on the Smart Prepaid Electric sign up page.

For new customers looking to save money on start-up costs, skip the search for a Smart Prepaid Electric promo code. Ask a customer service representative for sign up bonuses.