Blog

Electricity - CREDIT METER VS PRE-PAID METER

Electricity - CREDIT METER VS PRE-PAID METER

Overstrand Municipality

Electricity - CREDIT METER VS PRE-PAID METER

Many residents in Overstrand want to compare costs between credit meters and pre-paid electricity meters.

As can be seen, residents who make use of pre-paid electricity, pay less per unit than those who make use of a credit meter. The reason is that no meter readings need to be taken by the municipality and the payment is received immediately.

On the other hand, payment for electricity consumed on a credit meter (with slightly more expensive tariffs) is received approximately 60 days later only, after the meter was read at the end of the period, the account being prepared and send, with a further number of days’ leniency, up to due date by the 20th of the following month. The deposit applicable on the credit meter is two times the average consumption during the preceding 12 months, while the deposit payable on the prepaid meter is R604.00 for single phase, two part tariff.

The table below sets out the comparison between credit meters and pre-paid electricity meters (VAT included). Sliding scales are applicable in both instances.

The following comparison is done with 700kWh units consumed/purchased per month:

Credit Meter

Tariff Structure_Block 1: 0 - 350 kWh

Unit-per-kWh usage_350 x tariff per unit_R1.5717 = R550.10

Pre-paid Meter

Tariff Structure_Block 1: 0 – 350 kWh

Unit-per-kWh usage_350 x tariff per unit_ R1.4518 = R508.13

Price difference: R 41.97

Credit Meter

Tariff Structure_ Block 2: 351 - 600 kWh

Unit-per-kWh usage_250 x tariff per unit_R2.3083 = R577.08

Pre-paid Meter

Tariff Structure_ Block 2: 351 - 600 kWh

Unit-per-kWh usage_250 x tariff per unit_R2.1752 = R543.80

Price difference: R33.28

Credit Meter

Tariff Structure_ Block 3: > 600 kWh

Unit-per-kWh usage_100 x tariff per unit_R2.8361 = R283.61

Pre-paid Meter

Tariff Structure_ Block 3: > 600 kWh

Unit-per-kWh usage_100 x tariff per unit_ R2.7262 = R272.62

Price difference: R10.99

• For 700 units used you will pay R1 820.41 for credit meter and R1 734.18 for Pre-Paid meter (price difference is R86.23)

Electricity - CREDIT METER VS PRE-PAID METER

Overstrand Municipality

In the background, though, a top performer—Overstrand Municipality—labours relentlessly to ensure this treasure trove’s clockwork ticks over smoothly. Providing municipal services to an area exceeding 1708 km2 with a population well in excess of the estimated 74500 souls is no easy feat, as th...

View Profile

What is Xplorio?

Xplorio is your local connection allowing you to find anything and everything about a town.

WATCH THE VIDEO: Welcome to Hermanus
Read More

Other Articles

Corporate Gifting Made Easy

Corporate Gifting Made Easy

Mini quartz crystal soaps with lemongrass essential oils.

Mai Co.
Wine and Co - a plan, a Chard? and the Kara Tara!

Wine and Co - a plan, a Chard? and the Kara Tara!

If you are planning on coming to Hermanus during the December/Christmas holidays, do not forget to contact us soon...

Wine & Company
Black Exteriors - Napoleon (PPG1013-7)

Black Exteriors - Napoleon (PPG1013-7)

Black is back - in fact, it never left - with plenty of homes in urban settings adopting the sleek eloquence of black exteriors.

Christine’s Christmas Cakes - Thank You!

Christine’s Christmas Cakes - Thank You!

Every year Christine Hibberd gets baking in support of HCFS.

Accountant Vacancy in Caledon

Accountant Vacancy in Caledon

A well-established accounting practice located in Caledon is seeking to employ an accountant.

AF Consulting
REMINDER: THE LUCKY DRAW

REMINDER: THE LUCKY DRAW

For every 10 people you invite to our Mindful Health & Happiness Facebook Group you’ll receive 1 entry.

See All Articles