The company said that by monitoring electricity usage in real-time, smart meters let retail electric providers and consumers know just how much energy has been consumed at any time during the course of a month.

The smart meters will be professionally installed by the transmission and distribution utility in nearly all homes within Texas by 2013.

According to Brandon Young, a principal in Payless Power, the company now helps people throughout Texas to obtain prepaid electricity with no deposit or credit check, and it also offers them the best solution to track usage and make payments as often as necessary.