Payless Power

About Payless Power

Payless Power is a retail power marketer, which is a company that does business in deregulated electricity markets where consumers are able to choose from a multitude electricity providers. Recently filed reports by the company showed a total customer count of 34,641 customers. All of these customers are residential accounts. Payless Power's patrons are billed an average residential electricity rate of 15.70 cents per kilowatt hour. This is 27.19% more than Texas' average rate of 12.34 cents, which ranks the supplier 208th lowest for average electricity rate out of 215 suppliers in Texas. The company sold 381,649 megawatt hours through retail sales in 2020. The purchase of wholesale electricity made up 106.73% of the electricity sourced by the company. Their total revenue in 2020 from electricity activities was $59,921,900, the entirety of which came from retail sales to end users.

The average residential electricity bill for a consumer of Payless Power is $144.15 per month. Electricity production is not part of the Payless Power business model, as they purchase electricity at wholesale rates from other providers to then be resold to their end users.