WHAT IS HYBRID PREPAYMENT AND WHY DOES IT EXIST?
According to the South African Electricity act, property owners are required to charge their tenants for electricity as though the tenant were purchasing directly from the Municipality. They must apply the correct tariff promulgated for the area without any mark-ups to tenant’s electricity accounts. With this in mind we have created a tenant friendly smart prepaid solution with benefits to both landlords and tenants.
Our solution offer tight integration to a financial administration platform that ensure correct tariffing and charges. Using the certified virtual meter platform we create a virtual electricity meter in the cloud that synchronise with the physical meter measuring actual usage and consumption in real-time via a bi-directional communication channel.
We do away with the need to purchase intermediate pins or tokens and offer virtual top-up of a virtual meter. Once the online virtual meter is topped up via EFT, the actual meter is allowed to operate normally. Once the credit of the virtual meter is exhausted the actual meter is disconnected by the virtual meter platform.
Our very powerful tariff engine is capable of correctly applying any tariff used in the real world to the data from the physical meter and producing a fully matched virtual meter and actual physical meter.
All the typical AMR features are also available in the system as an extension of the basic prepaid functionality. The system will not only check that the landlord has accurately metered your consumption and that the energy and maximum demand charges are correct but also check that the correct tariff has been applied.
Sub-metering allows you to understand how much electricity individual loads such as air conditioning, refrigeration and other electrical loads are using. More importantly how much they are costing you. The power to make simple but highly effective changes is quite literally at your fingertips without relying on expensive consultants who do not understand your environment the way you do.
There are many more benefits that we would gladly like to share with you. Call us today to discuss the options that are available to you!