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Advice On The Gas and Electricity Prepayment Meter

Updated on June 9, 2013

A gas and an electricity prepayment meter used to be more costly to the budget than that of payment from the conventional bill or direct debit.

Energy pre-paid or pay as you go keys and cards are now priced as competitively as these normal tariffs.

Gone are the days of over charging poor people for paying for their electricity and gas. Good news eh?

Now that the economic climate are forcing more and more people to be especially prudent, it could be the right time in helping yourself to budget.

Requesting a free gas and electricity prepayment meter could be the answer you have been waiting for.

If so, don’t let this article pass you by!

The Energy Ombudsman Drives Down The Price Of The Prepayment Meter!

The Energy Ombudsman for gas and electric has stepped in and enforced energy companies to treat pay as you go or prepayment meters as any other tariff. Essentially, you pay the same as everyone else does and will no longer be penalised for keeping a reign on your energy expenditure!

Budgeting Made Easier With A Gas and Electricity Prepayment Meter

Now, in this budgeting quest for gas and electricity, the Energy Company provides you with a key or card. All you need to do is go to a newsagent, convenient story or petrol station displaying the yellow and purple logo. I have a picture to demonstrate what to look out for – see below! Add credit from £1 to £250 with cash or a credit/debit card and this amount will charge your key or card. When you take it home, all you need to do is place your key or card in the prepayment meter and this will be added in the form of credit to your gas and/or electric meter.

Shop Around For The Cheapest and Best Companies For Pay As You Go Meters

It is of course essential that you shop around for the cheapest and best energy companies for these pay as you go meters. There are some Companies that might charge you an additional administration charge. These are termed ‘back charges’ – so keep an eye out for this key phrase when you are searching - forewarned is forearmed!

It is advisable to take a look at each company individually, to see what they have to offer, but most of the bigger energy companies have abolished this practice.

At the bottom of this article (resource box), I have placed a link for you, providing the best deals available for these energy prepayment meters. However, I will warn you that most energy companies tend to give discounts for direct debit. However, it is still better than ever to have a pay as you go meter installed, especially when you are paying the same tariff charges as everyone else!

A Gas And Electricity Prepayment Meter Free Installation

A gas and electricity prepayment meter is easily installed. Once you have chosen the best energy company and tariffs that are right for you – the energy company do the rest. This can be from changing one supplier to another and organising the work that will be carried out.

Not only this, the installation is free! The engineer just swaps over the meters – no mess and no worries. I was actually quite amazed at how easy the whole process is and how well the system operates. There is even an emergency facility on the key or card, just in case you get caught out and run out of credit! It is great to help people buy some time until you can get to the shops when you are able to top up the key or card!

The Benefits Of A Prepayment Meter Deserves An Ombudsman Thumbs Up!

Well there you have it! The benefits of a gas and electricity prepayment meter has some great positives! I must say that I have been very impressed in how effective and easy this system is for people. I disapproved of pay as you go energy meters a few months ago but now that tariffs are as cheap as other methods, I now endorse and value them. They really are helpful and thumbs up to the energy ombudsman for making this a cost effective option for service users!

© This work is covered under Creative Commons License

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Resource Box

For your convenience, there is a link to a list of Companies that have membership to the Ombudsman:

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    • shazwellyn profile image

      shazwellyn 7 years ago from Great Britain

      Exactly LadyE - the power is all yours - literally!

    • Lady_E profile image

      Elena 7 years ago from London, UK

      Great Idea and thanks for the useful info. This way gas companies can't over bill us "as they do".

      Best Wishes. :)

    • shazwellyn profile image

      shazwellyn 7 years ago from Great Britain

      Thanks Wayne. What really annoyed me, before the Ombudsman forced the issue, people on a low income were penalised on a prepayment meter tariff. It is these people that need the additional tools to help make their money spin! I would not have recommended prepayment meters before the reduction in tariff, but now it really is worth it!

      Thanks for your valuable addition to this article :)

    • waynet profile image

      Wayne Tully 7 years ago from Hull City United Kingdom

      I already have prepayment meters and when I move from this stinking privately rented house into a nice and tidy council house soon I'll get the prepayment meters again.

      Paying for what you use is best and it definitely does work out cheaper.

      In fact I pay my tv license with a card that spreads out the cost over the whole year and my internet and phone and sky is all in so I save money on them too.

      Saving money is cool, especially since I can spend it all on I mean my wife and kids!