Nations Power - First Electric Provider to Offer True Pre-Paid Electricity at Prices 30-40% Less

HOUSTON, March 17 /PRNewswire/ -- Nations Power today announced that it is providing pre-paid and real-time pricing for electricity to customers in Texas. Nations Power utilizes advanced technology and special pre-paid billing software that allows delivery of electricity to customers who are having problems paying for high up-front deposits or high pre-payments with other electric providers, without the need for contracts or credit checks.

"We offer a pay-as-you-go solution to consumers who are having problems paying their monthly electric bills, " said Fernando de Aguero, President of Nations Power. "We are the only prepaid electric provider to eliminate the need to pay large deposits and high reconnection charges. Our system allows customers who are disconnected for nonpayment to reconnect within two hours of paying rather than days. Furthermore, for the first time, customers can pay 'what they can, when they can' – meaning they are now empowered to pay every few days or weekly to match their payroll cycles."

Currently, the prices offered by Nations Power are approximately 30-40% lower than the estimated pre-paid companies. Furthermore, a customer can get started with Nations Power electric service with an initial $50 payment versus $100-300 with other pre-pay companies. Mr. de Aguero stated, "We understand the essential need for electricity and the difficulty many Texans have with paying a large monthly bill. To alleviate this pressure, we created a system that provides lower pricing and the ability to pay in smaller amounts. We also integrated into the state assistance program (Lite-Up) to facilitate getting 20% subsidized power during certain months of the year for the customers that need it the most." Mr. de Aguero expressed his belief that it was time for the electric providers of Texas to create real value for users of prepaid service.

Customers can pay for power in cash at any one of its 110,000 payment centers including Wal-Mart, CVS/pharmacy, and MoneyGram locations, over the phone via a toll-free number or online with a Mastercard or Visa debit card by accessing the Nations Power website. Customers can also view their consumption, payment, and communications history at the same web portal.

"We are the first provider to offer pre-paid billing with real-time pricing, anywhere," said Fernando de Aguero, CEO of Nations Power. "Our one-of-a-kind, state-of-the-art software was developed exclusively for Nations Power by SmartGridCIS, to provide pre-paid electricity to our customers. The software processes 15-minute usage data, which allows us to provide pre-paid electricity with real-time pricing."

About Nations Power

Based in Houston, Texas, Nations Power is a certificated Retail Electric Provider (REP) of electricity services to smart metered customers in Texas. Nations Power only offers its products to customers with smart meters. In addition, Nations Power offers its users a free rechargeable Visa debit card, which permits users to pay their bills online, receive direct deposits from their employers and transfer money. For additional information, call customer service at 888-673-9589 or visit www.NationsPower.com.

SOURCE Nations Power