Gexa Energy

Gexa Energy has been operating in Texas since 2002 and is now owned by NextEra Energy, the largest producer of wind and solar power in the United States. That backing gives Gexa something most budget light companies can’t claim: the financial weight of a $130 billion energy company behind every plan. Their tagline is 100% renewable at low prices, and on the rate side, they actually deliver. Gexa consistently shows up near the bottom of price comparisons for fixed-rate traditional plans in Texas.

But low rates don’t automatically mean no deposit. That part depends on your credit.

What Gexa’s Credit Check Means for You

Gexa runs a credit check on every traditional plan application. The deposit decision comes back based on your score and sometimes your history with previous light companies. Strong credit typically clears with $0 deposit. Credit in the fair or poor range can trigger a deposit anywhere from $100 to $300, depending on the plan and your location.

If Gexa quotes you a deposit and you can’t cover it right now, that’s not a verdict on what’s possible. It’s just what Gexa’s algorithm decided today. Other light companies run their own numbers separately, and the thresholds shift. One company that needs $250 from you and another that approves you at $0 deposit are looking at the same credit file. We check 5-6 traditional light companies at once to find out which ones, if any, will take you without a deposit. Many people find a $0 deposit traditional plan this way. If none of them work out, pay-as-you-go is always available with no credit check and no deposit. See how the two options compare in our prepaid vs traditional guide.

What Gexa Does Well

The rates are the main reason to consider Gexa. Their fixed-rate plans run 10-20% cheaper than big-name companies like TXU or Reliant on comparable contract lengths. On a home using 1,000 units per month, that gap can save you $150 to $400 per year. If you qualify for a traditional plan and want the lowest rate available, Gexa belongs on your shortlist. You can find more options in our best no-deposit light companies guide.

The 100% renewable sourcing is real, not window dressing. Gexa buys renewable energy certificates to match your usage. If that matters to you, you get it at prices comparable to standard plans. You’re not paying a premium to go green.

NextEra’s ownership also means Gexa isn’t going anywhere. Some smaller Texas light companies have shut down or been acquired mid-contract, leaving customers scrambling. Gexa’s parent company runs Florida Power and Light, Gulf Power, and a national renewable portfolio. That’s stability.

Same-day lights are available Monday through Saturday if you enroll before 6 PM CT. Miss that window and your lights typically come on the next business day. If you need power today, the 6 PM cutoff is the number to beat.

What Gexa Gets Wrong

Gexa offers no prepaid option. If you can’t pass their credit check and need lights today, there is no Gexa fallback. You’ll need a different path entirely. Pay-as-you-go through a company like Payless Power or Veteran Energy can get you sorted while you work toward a traditional plan. Read how prepaid lights work if you’ve never used that route before.

Early termination fees apply on most contract plans. Leaving before your term ends typically costs $50 to $150 depending on the plan length. If you’re unsure how long you’ll be at your current address, a month-to-month plan costs more per unit but gives you flexibility.

Customer service reviews for Gexa run mixed. The billing and enrollment process is straightforward for most people, but reaching a real person when something goes wrong takes longer than it should. That’s a complaint that shows up repeatedly in reviews.

Who Gexa Is Right For

Gexa makes sense if your credit passes their check, you want the lowest traditional rate available in Texas, and you care about renewable sourcing. The combination of low price and clean energy is their actual differentiator. If TXU or another big-name company quoted you a rate that felt high, Gexa is a direct comparison worth making.

Gexa is the wrong call if you need a no-deposit guarantee, a prepaid fallback, or weekend same-day service. Our deposits explained guide breaks down what a deposit actually costs you and the path to traditional plans shows how to get to better rates even if you’re starting on prepaid today.

If you’re not sure whether Gexa will approve you at $0 deposit, that’s exactly the check we run. It takes a few minutes and doesn’t cost anything. Read our full Gexa Energy review for current rate tables, complaint data, and a head-to-head comparison against other Texas light companies.