Prepaid meters have increasingly grown in popularity across South Africa when it comes to the management of utilities like water, electricity and gas.
What is a prepaid utility?
Prepaid electricity, water and gas is a pay-as-you-use solution installed in properties to allow tenants and residents to buy electricity before they use it. This constitutes buying a token via a service provider’s mobile application or at any designated retail outlet.**
Importance of prepaid meters
Why are people looking to switch over to a prepaid system and what driving force is behind the move to having prepaid utilities?
The world is constantly changing and consumers are on the lookout to find products and services that best suit and meet their individual needs.
Whether you are a landlord, trustee or Managing Agent, recovering utilities from tenants and residents is often time consuming and tedious. A prepaid meter eliminates the need to manually read meters every month and thereafter bill for the usage. When residents are not able to pay for their usage, payment of the utility account remains the responsibility of the Property Owner or Body Corporate. Prepaid meters are proven tools to assist property owners and managing agents in reducing this risk.
What’s currently available?
There are currently various types of prepaid meters available on the market, from a range of manufacturers. The infrastructure at the property will play a big part in determining the type of meter being installed. A site inspection by a qualified technician will ensure the correct meter is purchased.
So what is in it for the tenants or residents? With a prepaid system in place, they are now able to manage their spend on utilities more effectively and are not left shocked with a high bill at the end of the month. With a prepaid system, residents become aware of their usage and start monitoring this via their keypad, becoming more conscious of wasting the resource.
Save more with prepaid electricity. Switch to Ideal Prepaid now!
Writer : Ideal Prepaid
