Payless Power is a prepaid electricity provider serving residential families and business owners in Texas. The company allows its customers to choose between weekly, bi-monthly, or monthly payment options and save up to 20% on their electricity costs by paying ahead. Payless Power was founded in 2005 and is based in Dallas, Texas. Prepaid Electric Texas - Cheapest prepaid rates and very cheap when you compare to having to paying a HUGE DEPOSIT with a Post Pay Company.