Prepaid energy fuels lasting change
Prepaid energy helps distributors maintain financial viability by providing a solution that eliminates late payments and non-payments, eliminates the need for meter reading and disconnection, streamlines the billing process, reduces energy theft, and significantly reduces overall costs of supplying energy to consumers. Additionally, prepaid energy helps eradicate energy debt because 20% of prepayments by delinquent accounts goes toward debt reduction.
The BigBenefits:
● Get and keep paying customers
● Boost profitability by pivoting from post payment to prepayment
● Collect on debt - 20% of each prepayment goes to debt retirement for the delinquent account
● Reduce & disincentivize energy theft
Everyone deserves energy access. Prepaid energy plans give access while putting consumers in control of their energy budget and energy use by helping them accurately budget their consumption. Consumers can quickly and easily track their energy expenses, top-up their accounts when needed, and reduce debt via prepayments. Prepaid energy eliminates ‘bill shock’ at the end of each billing cycle, and helps households budget accordingly.
The BigBenefits:
● Get and keep paying customers
● Boost profitability by pivoting from post payment to prepayment
● Collect on debt - 20% of each prepayment goes to debt retirement for the delinquent account
● Reduce & disincentivize energy theft
Sustainability requires disciplined, systems-aware consumption within resource availability. Energy consumers can lower their environmental impact by reducing the amount of energy used.
The BigBenefits:
● Prepaid is better for the planet. Studies show a 35% reduction in energy consumption as prepaid users take ownership of their energy usage and budget.
● Consumers adopt more sustainable lifestyle choices as they build budgets that work for their families.
Developing economies and disenfranchised communities deserve an energy access model that works for them. At its core, prepaid energy improves the quality of life of millions. For distributors, it reduces energy theft, debt, and billing costs while boosting revenue. For communities, it allows families to take control of their budget, debt payments, and energy consumption.
