Pre-Pay Metering
Pre-pay metering allows members to pay for electricity before they use it. This system works similarly to a prepaid phone plan. Members purchase electricity in advance, and their usage is deducted from their account balance. When the balance gets low, members receive notifications to add more funds. This method provides real-time information on energy consumption, encouraging more conscious energy use and budget management. Benefits include:
• No monthly bills
• Low deposit-$30
• Flexibility to add funds as needed
• Better control over energy usage and spending
• No late fees or reconnect fees
Standard Billing
Standard billing operates on a post-use payment system. Members receive a monthly bill based on their electricity consumption during the previous billing cycle. This traditional method includes a due date for payment and can involve additional fees for late payments or disconnections. Standard billing features include:
• Monthly statements
• Detailed breakdown of usage and charges
• Opportunity to build credit history