Prepaid electricity allows you to buy your electricity before consuming it. This is similar to a pre-paid cell phone in that you’ll pay the Retail Electric Provider (REP) upfront. You can then manage how much electricity you use throughout the month. These prepaid energy plans are best for people who can pay their bills on time and can receive notices via text or email. They’re also a good option for anyone who doesn’t have money for a large deposit, people with bad credit, anyone who wants to cut down on their electric use, or who need to split the electric bill with their roommates.
When you’re ready to switch your service to a new electricity provider you’ll find that the process is actually really easy and that the entire process will go quite smoothly for you. Simply call the provider of the plan you’re choosing to make the switch to. Provide them with your full name, address and whether you need new service or are looking to switch provider. Note: Depending on the type of electricity plan you’re switching to, you may also need to provide your social security number.
Consider your electricity usage behavior and choose the best electricity rate accordingly. For a single adult that works a 9-5 job it makes sense to opt for an electricity company that offers a plan with free nights or has a low maximum usage restriction. In the other hand, a free weekends electricity plan or higher minimum usage restriction may be more appropriate for a family with kids.
As a rule of thumb, if your business has less than 5 utility meters or if your average electric bill is less than $5,000 per month, you can easily shop electricity yourself and start saving quickly. Typically no deposits are required if  your business has a good credit history. Service can begin within 2-3 business days of signing a contract with a provider.
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