No, the meters are set according to the municipal/Eskom account received during the registration process. It is prohibited to make a profit on the sale of electricity unless you are a registered as a electricity re-seller with NERSA (National Energy Regulator South Africa). It is possible however to recover the extra costs that the property owner incurs like network charges, consumption of electricity on the common property areas in community schemes etc. These fixed costs can be added to the meter (not the tariff) to be deducted every month upon purchasing.
IBT is the tariff scale applied by Eskom and municipalities that charges the user a higher rate per kWh as the number of kWh’s increase, in other words the more kWH’s purchased during the billing period, the more the user will pay per kWh. It is a means for the electricity suppliers to motivate users to be more responsible. For example, the first 100kWh will be charged at R1/kWh, the next 100kWh bought will be charged at R1.20/kWh and so on. This will in no way affect the payout at the end of the month. The property owner is paid out what the user has vended in Rand terms. It will have an impact on the number of kWh’s the user receives with each purchase during the month.
Our vending management system is automatically adjusted when the various suppliers e.g. Eskom or municipality adjusts their prices. This includes changes to the tariffs for winter and summer. Currently the periods are: Winter from 1 June – 31 August and Summer from 1 September – 31 May. This ensures that property users are being charged the correct tariffs and that property owners are not under recovering.
No, our vending management system is automatically adjusted when the various suppliers e.g. Eskom or municipality adjusts their prices. It is advisable that once a year when the increases are in effect to send us your electricity account for us to ensure that the tariff adjustments are in accordance with your account. This protects the property owner from under-recovering from their users.
No. Prepayment meters are not cheaper than conventional post paid metering. In the long run and through day to day usage having a prepaid meter promotes more responsible usage from the user thereby saving you electricity. There is also peace of mind in that you are not going to be billed for electricity that you have not consumed (no surprise accounts). The rate applied to the meter is based on the supplier’s applied tariff. There is the cost of vending that has to be paid by the user, in the same way that the municipality levies demand side management levies, service charges and network levies.