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Houston No Deposit Electricity TXU Energy FlexPowerSM is a pay as you go plan with no long-term contracts, no deposits, no late fees and no surprise high bills. And, since. If you’re asked to pay a deposit, it will earn interest at a rate established by the Public Utility Commission. After all bills are paid on time for 12 straight months, you’ll get a refund with interest as a credit on your electricity bill. The guarantor, who must be a TXU. There are no monthly bills or due dates – simply pay for as much power as you need, when you need it. Best of all, there's no deposit and no contract. Basically it.