Prepaid Electric Service Launched

Prepaid Electric Service Launched

First Choice Power president Brian Hayduk says the prepaid service gives customers complete control of their electricity usage and payments. “This is the next generation of prepaid products giving customers more visibility, more flexibility and more information so that there are no surprises at the end of the month.”

Control First customers determine how often usage data is sent –either daily or weekly – and can access the information, along with their account balance, by cell phone or e-mail.

“First Choice Power’s Control First is a true prepaid product,” Hayduk said. “With Control First, you decide how much you will pay and when to make your payments. With no minimum payment requirements, you have the flexibility to best manage your budget according to the amount of electricity you use.”

The prepaid option will be expanded as more smart meters are deployed. It is estimated there are currently around 800,000 smart meters in Texas. An additional 1.6 million smart meters are scheduled to be installed in 2010 and by 2013 approximately 5.7 smart meters will be in service throughout Texas.

“First Choice Power is actively working to develop product offerings and enhancements that will open up a wide range of information and automation capabilities for Texas consumers,” adds Hayduk. “These products and enhancements will allow First Choice Power customers to understand more about how, when and why they use electricity, giving consumers the information they need to more efficiently manage and reduce their energy consumption and cost.”

Based in Las Colinas, Texas, First Choice Power is one of Texas’ largest retail electric providers. FCP is a subsidiary of PNM Resources, an investor-owned energy holding company that also owns Texas New Mexico Power.

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