Irving, TX, U.S.A. --- (METERING.COM) --- January 13, 2010 - First Choice Power has launched a new smart meter based prepaid electricity service, Control First(TM), which allows customers to sign up for electricity service with no credit check, no contract and no deposit, the company has announced.

The service is aimed at eliminating barriers to switching as well as providing customers with complete control of their electricity usage and payments.

First Choice Power, a subsidiary of PNM Resources, is the first affiliated retail electric provider in Texas to offer residential prepaid service based on actual daily usage from an advanced meter.
 
“Control First is the first prepaid product that really lets customers take control of their electricity costs and manage their usage,” said Brian Hayduk, president of First Choice Power. “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.”

Select First Choice Power customers are prepaying for their electric service for the first time this month. Control First customers receive regular updates with unprecedented access to their usage and account balance by cell phone or e-mail at daily or weekly time intervals determined by the customer.

The offer will be made more broadly available later this year as more customers are able to take advantage of the service. There are about 800,000 installed smart meters in Texas, with stated plans by transmission and distribution companies to install an additional 1.6 million meters in 2010 with more added in subsequent years to total 5.7 million meters in 2013. Customers must have an advanced meter to be eligible for Control First.

“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,” Hayduk added. “These products and enhancements will allow First Choice Power customers to understand more about how, when and why they use electricity, giving them the information they need to manage and reduce their energy consumption and cost.”