Found this interesting.

iVillage Member
Registered: 02-13-2001
Found this interesting.
5
Wed, 09-12-2012 - 11:09am

My oldest daughter is moving. She will be living in an area with a different electric company than she is now. Apparently this company, at least for the first year, uses "metered" services. Kind of a "pay as you go" type thing. It's a cooperative rather than an investor based utility.

She simply pays a deposit of  which about half is put on her meter. When their household gets down to a balance of 10$, a little red light starts flashing...she calls the company or goes in...and pays more money. They can pay as much as they want, or as little as 20 or 30 dollars! Seems like a great deal considering how many people are struggling to pay their light bill and being threatened with shut off if they don't come up with the full amount two days before payday!

Sharon

 

 

iVillage Member
Registered: 01-13-2005
Wed, 09-12-2012 - 11:14am

That's a new one for me.  Sound good, except if you were gone on vacation or something and didn't see the light blinking.  Our electric is a co-op; however, they read the meter and we pay for what we use. 

-Judy

Avatar for deenow17
iVillage Member
Registered: 10-12-2004
Wed, 09-12-2012 - 1:32pm
Sounds good in practise but would be awful for me, I would never remember to check it & would run out I'm sure.

Dee
iVillage Member
Registered: 02-13-2001
Wed, 09-12-2012 - 2:45pm

The whole co-op thing sounds like a good idea. How are they if you have a power outtage?

Sharon

iVillage Member
Registered: 02-13-2001
Wed, 09-12-2012 - 2:46pm

LOL Dee! Maybe they call or text when the meter runs low. I'll have to ask my dd. They told her that the place she's moving into averages just shy of 4$ a day in electric use. Seems reasonable to me.

 

Sharon

Avatar for Cmmelissa
iVillage Member
Registered: 11-13-2008
Wed, 09-12-2012 - 2:56pm
That is very interesting! It gives them a chance to also pay a bit more when they have extra funds when that might not be the case down the road. It also can help you even out your monthly bills to prepare for times when your usage is a lot higher.