The Energy Regulatory Commission (ERC) has approved the Guidelines for Prepaid Retail Electricity Service (PRES) Using a Prepaid Metering System.
The rules were formulated through ERC Resolution No. 15, Series of 2009 which was approved on July 13, 2009.
As required under the rules, the prepaid electricity meter system must have the capabilities to: (a) load the purchased energy, (b) display real time information on how the load is being consumed and (c) give warning that the load is close to zero thereby providing a sufficient buffer before electricity is completely disconnected.
For you to have a better understanding of what Prepaid Electricity is and the guidelines being laid out, we are posting the said resolution for your information.
Based on what I have read on old news articles, prepaid electricity subscribers can save a fraction of their utility expenses compared to those with postpaid subscription. What do you think?