Discount Power Plans and Rates

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About Discount Power

Discount has been supplying energy since the beginning of energy deregulation. NRG Energy acquired Discount in 2018. In April 2019, Pennywise Power changed names and joined Discount. They began providing energy plans in Houston, Texas, where they are based. With time comes experience. The company has a team of experienced industry experts. The team strives to be one that their customers can trust, providing quality customer service and reliable energy. With this goal, they faithfully serve hundreds of thousands of customers, both commercial and residential. Discount takes pride in supplying electricity with no hidden fees or surprise charges. Their main goal from the beginning has been to provide low prices and simple energy, with no extra gimmicks. When a person signs up with Discount, they work to take care of all the extra details, so the customer can focus on more important things.

Popular Cities Discount Serves: Houston | Dallas | Fort Worth

Discount power Energy Rates and Plans

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Call Discount power Directly 281.607.5141

Top 2 Discount power Rates & Plans

Plan Name Plan Length Rate
Discount power - Value Plus 24 24 Months $0.217/ kWh
Discount power - Value Plus 12 12 Months $0.227/ kWh

Energy Plans and Rates are shown for the Oncor Service area and were updated on September 29, 2022 at 04:12 PM. Pricing shown is based on an exact usage of 1000kWh per month. Estimates are based on information provided to us by each Partner Company. Please visit the Energy Provider website, and confirm the estimates using the Electricity Facts Label and Terms of Service.


Discount Power Rates

There are several straightforward Discount plans, designed to fit any of your electricity needs. Here are their top options to provide high-quality energy.

Wise Buy 24

This plan locks in a fixed rate for two years. With the more extended contract, comes a lower price. This plan gives you great, locked in, low prices for two full years. Wise Buy 24 includes automatic payment options and paperless billing. If you need out of your contract early, there is a $200 cancellation fee.

Wise Buy Monthly

Are you looking for an energy plan without the commitment? This month to month plan lets you cancel anytime without any cancellation fee. With the freedom of no contract comes a high kWh and variating monthly prices. You have full control of how long you use this plan. This option provides you with tremendous flexibility and control.

Wise Buy 12

This plan is similar to the Wise Buy 24, with only half the contract time. This option is perfect for short-term renters. With the shorter contract comes a cheaper cancellation fee of $150. This fixed rate plan will need to be resigned every 12 months, actually giving you the opportunity to look for better rates more often.

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Types of Electricity Plans

Thanks to energy deregulation in the state of Texas, you now have the power to choose your energy plan. The main four types of energy plans that Texas energy providers offer are the fixed-rate plan, the variable-rate plan, the green energy plan, and the no-deposit plan.

Fixed-Rate Plans: Discount offers a variety of fixed-rate plans, so customers can find the perfect electricity plan to fit their needs. Fixed-rate plans have fixed prices, which means the price will stay the same through the duration of the contract. These contracts can last anywhere between 3 to 36 months.

Variable-Rate Plans: Discount also offers variable-rate plans for those who want more flexibility with their energy plan.

Green Energy Plans: For customers looking to go green, Discount offers a number of green energy plans sourced from wind farms and solar panels.

No Deposit Electricity Plans: Discount knows that not everyone has the upfront cash to pay for an electricity deposit. That’s why they offer a variety of no-deposit electricity plans to choose from.

Low Electricity Rates

All electricity is the same. Discount works to give you the same basic energy at low electricity rates. They are not here to provide any extra services or flares, just simple, great electricity at a lower price than several top energy providers. They provide both monthly and term energy plans, so you can find the best electricity option for you and your needs.

Payment Options

Discount offers several ways to pay. You can set up your account to make automatic payments for you each month, so you do not have to worry about it. This payment plan takes the stress off you and does everything digitally. You may also log in to make one-time payments digitally through your account. Another way to pay your bills is through the phone. Discount allows you to pay through an automated system on your phone or through talking to a Customer Care Representative directly. You may also mail in your payment.

Frequently Asked Questions

What is Discount Power?

Discount is a Texas energy provider that offers many types of plans to customers at competitive rates. Discount offers fixed and variable rates, as well as different contract lengths to suit the needs of your home or business. They are known for their low cancellation fees, so you can feel confident that you are not trapped in your plan should you need to change it.

To learn more about Discount and their plans, check out their website, or call 281-607-5141 to speak to a representative about finding your perfect plan.

What is a Variable-Rate Plan?

A variable-rate plan is a plan where your rate can change during your contract. With a variable-rate plan, your energy provider agrees to charge you a variable rate for your energy usage. This rate can go up or down, depending on the current market price of energy. So if energy prices happen to go down during your contract, you’ll save money on your energy bill. However, if rates go up during your contract, you’ll likely pay more for your energy.

Variable-rate plans can be a good option for people who are comfortable with taking a bit of a risk. After all, if rates do go up, you could end up paying more than you would with a fixed-rate plan. But if rates go down, you could save quite a bit of money. It’s really a gamble, and only you can decide whether it’s worth it for you.

What is a Fixed-Rate Plan?

A fixed-rate plan is a plan where your rate will not change during your contract. With a fixed-rate plan, your energy provider agrees to charge you a fixed rate for your energy usage. This rate will not go up or down, no matter what happens to the market price of energy.

Fixed-rate plans can be a good option for people who want the stability of knowing how much they’ll pay for their energy every month. After all, if energy prices go up, you won’t have to worry about your bill going up as well. However, if rates go down, you’ll be stuck paying the same rate even though other people are paying less.

What is energy deregulation?

Energy deregulation is a process that has occurred in many states across the country, including Texas. It basically means that the state government has decided to deregulate the energy market, which means that energy providers are now able to compete for your business. Before Texas deregulated the energy market, the state government was in charge of who provided energy to the state. That meant that there were very few plan options, and there was no competition, which kept the prices high. Now that there are more companies and plans available for you to choose from. This competition can result in lower prices and better plans for customers.

Deregulation has been a good thing for Texas residents, as it has resulted in more choices and lower prices. Comparing your options for providers and plans is essential for you to be able to take advantage of deregulation.

What is a monthly contract?

Monthly contracts are contracts that last for one month. These plans allow you to evaluate your energy service and renew or change plans at the end of the month. This short contract period can help you avoid cancellation fees if you need to change your service at any time during your agreement since the end of the contract comes much quicker.

What is a yearly contract?

Yearly contracts are contracts that last for one year. These plans offer more stability, as you will have the same energy service for an entire year. This can be helpful if you do not want to worry about your energy service changing or having to compare new plans every month. The downside to yearly contracts is that you may have to pay a cancellation fee if you need to change your service before your contract is up.

Facts About Discount

Headquarters: Houston Tx
Market served: Texas
Discount Power was previously known as Pennywise Power

Ready to Sign Up? Call Discount Directly: (281) 607-5141