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No. There is a misconception in South Africa that prepaid electricity in general is cheaper. That is not true at time of writing. The electricity is charged at prescribed rates. That said some prescribed rates may be cheaper in some areas than others.

In addition to that, the prepaid meter is not connected to any municipal prepaid electricity program as it is a secondary meter (sub-meter) to the main municipal meter. It is merely a revenue management solution suitable for body corporates and landlords that rent property.