Why Choose a Prepayment Meter?
What is a Prepayment Meter?
A prepayment meter is a great way to manage your energy costs and needs by paying for your gas and electricity in advance.
With a prepayment meter you will have better control, you will never get an unexpected energy bill, and you will be able to see how much energy you’re using daily.
Furthermore, if you have any outstanding debt from your past Green Network Energy bills, this payment method can help you manage it, as we can add this to your new prepayment method meter and spread it into affordable weekly payments.
How does it work?
The prepayment method means that you pay for your gas and electricity up front, by topping up with credit before using your gas card and / or electricity key.
With the prepayment method, you can keep a close eye on how much money you’re spending on your gas and electricity consumption and plan your budget ahead.
The gas and electricity meters will display on screen all the necessary information you need. It will show how much credit you’ve got on the meter, your weekly charges and the price you’re paying for each unit of gas and electricity.
We will send you an Annual Summary, which gives a breakdown of how much energy you’ve used. We will calculate your usage by the meter readings which we receive each time you top up.
What are the advantages and disadvantages of prepayment meters?
Prepayment meters offer a simple and easy way to pay for your home energy.
To make your choice easier, we’ve highlighted some benefits and drawbacks you must keep in mind before switching.
- It can give you more control over your Electricity and Gas usage
- You’ll be able to use your prepayment meter to repay any debt you may have.
- Your payments are set to an affordable amount which will be deducted weekly from your balance.
- Prepayment tariffs are generally more expensive, in comparison with more competitive direct debit tariffs. Our Prepayment tariff does not have a dual fuel discount or an online billing discount either.
- Topping up your meter may be inconvenient, as you can only do it through selected outlets. Furthermore, you must always ensure that your key or card is kept in a good working order, as we may charge for replacements.
- As your meter collects a daily standing charge and any debt repayments, you must keep enough credit on the meter to cover all these charges. For example, over the summer months when you may use less gas or if you are going away for a few days.
- Keep in mind that your supply will be switched off if your prepayment meter runs out of credit and you use all the of the “Emergency Credit” - you may not be able to restore your supply until your meter is fully repaid and display a positive credit.
How do we work out your energy costs?
To give you more control of your daily energy consumption, it’s important to understand your electricity and gas charges:
- A charge for each unit of gas and electricity you use - the price you pay for your home energy is calculated based on the tariff unit rate and how many electricity or gas kWh you’ve used.
- A fixed standing charge – that’s a fixed amount that you pay every day you’re connected, even if you’re not using energy.
- Any existing debt you may need to clear.