Prepaid meters for tenants

[Isetech]

Still waiting for Netvender sales to return my call

Now I can see why tenants complain about how much electricity costs when using private prepaid meters.

One vender we contacted:

Chain store options = R25 ex vat per month/ per meter.

Vender admin/service fee is 10% of the value purchased plus vat (15%)

Private option: Buy vouchers.

Min of R1oo per voucher card.

If you buy a prepaid meter and decide to change the vender, make sure you understand the additional fees involved.

Electricity sales should be regulated and a standard fee landlord or tenant. Trying to understand admin/service fees and percentages become a small challenge. Throw in the council pricing structure and you need consultant at another fee to clear up all the confusion

[Blurock]

Now I can see why tenants complain about how much electricity costs when using private prepaid meters.

One vender we contacted:

Chain store options = R25 ex vat per month/ per meter.

Vender admin/service fee is 10% of the value purchased plus vat (15%)

Private option: Buy vouchers.

Min of R1oo per voucher card.

If you buy a prepaid meter and decide to change the vender, make sure you understand the additional fees involved.

Electricity sales should be regulated and a standard fee landlord or tenant. Trying to understand admin/service fees and percentages become a small challenge. Throw in the council pricing structure and you need consultant at another fee to clear up all the confusion

The STS Association charge vendors enormous fees for registration and annual licencing fees. Even an equipment manufacturer who wants their product certified has to pay annual subscriptions. Vending infrastructure is expensive and vendors therefore charge between 10% to 15% on their vending fees. That is why users get less when they pay via a prepaid meter.

An alternative is to monitor and bill in arrears or to load a "wallet" from where credits can be drawn to pay for consumption. The AUS-ioT System is a monitoring system available for single users or multiple complexes. Billing can be done on your own accounting package or via the system either weekly, or monthly. Data is collected every hour so that you always have an up to date reading of the meters (water or electricity).

Coming soon for water users is a motorized valve that can be opened or closed remotely. Linked to a prepaid wallet it will greatly reduce the exorbitant STS fees.