Prepaid electricity

richjdavies said:
Nah. That's always on the rates account.
Home Users pay R194.29 inc VAT.
So if it was that he'd only have R105.71 left for units... And would only get 44 units (at 2.4004.inc vat per unit on Home Tariff).

Try again...
Click to expand...

Then it can only be that there is a credit on said account and they are taking it off the prepaid now which has happened plenty.
 
richjdavies said:
Alright... So that is City of Cape Town (not Eskom) according to my map!
R300 for 77.8 units = 3.86/kWh
Theres no tariff which corresponds directly:

Starting on COMMERCIAL:
SPU3 - No daily charge small business = a small business tariff = 4.38 (I kid you not!!)
SPU2 - small daily business = 5.80/day and 3.6785/kWh... Would be close but not exact at 1 day
3.6785 x 77.8 = 286.19... leaving 13.81... not an exact number of days... But maybe 1 day AND R8 charged by Standard bank?!

So down to Residential rates
Domestic = 272.82c/kwh lowest band
So that would be 212.25 for 77.8...
That would be a 29.7% margin... Feels wrong

All the highest bands = 3.3126
77.8 x 3.3126 = 257.72
That would be a 14% margin... Could be? But you'd only be in those bands if

Feels like it must be a dodgy service fee with a R20 + 8% or something like that. Or maybe Standard Bank are charging you R10 and then another service provider is charging R10 etc...





View attachment 1205356
Click to expand...
R2.50 service fee on Standard Bank.
 
TheChamp said:
R2.50 service fee on Standard Bank.
Click to expand...
Does that come out later or does that come out of the R300?
(Btw its one of those annoying illegalities... Completely illegal to charge to buy prepaid... But somehow every single bank does it!)

Maybe there is a further itemisation somewhere?
 
richjdavies said:
Does that come out later or does that come out of the R300?
(Btw its one of those annoying illegalities... Completely illegal to charge to buy prepaid... But somehow every single bank does it!)

Maybe there is a further itemisation somewhere?
Click to expand...
It's a separate fee that is not reflected in the voucher, R300 becomes R302.5.

I have just bought for R300, 96.3 units for me, R40 charges.
 
Thanks very much for all the feedback guys. I have managed to get hold of someone at CoCT and they are looking into it. Will update here once I hear more.
 
Any news?

Would be interested to hear their excuse.

Just FYI for R300 inc VAT you should have got either:
- 124.98 units (@2.4004 Home tariff - property over R1m, has R194 on rates bill)
- 110.12 units (@2.7252 Domestic Tariff no fixed charge)
- 90.56 units (@3.3126 Domestic or Home higher band - over 600kwh already bought... But it was 1st so probably not!?)

Lifeline tariff is more complicated - as there are free units to think about.
 
richjdavies said:
Any news?

Would be interested to hear their excuse.

Just FYI for R300 inc VAT you should have got either:
- 124.98 units (@2.4004 Home tariff - property over R1m, has R194 on rates bill)
- 110.12 units (@2.7252 Domestic Tariff no fixed charge)
- 90.56 units (@3.3126 Domestic or Home higher band - over 600kwh already bought... But it was 1st so probably not!?)

Lifeline tariff is more complicated - as there are free units to think about.
Click to expand...
This does not look correct, there are only two brackets for the Home Tarrif residential properties? See attached.

Maybe I am misunderstanding the post, still early and half asleep!
 

Attachments

Koosvanwyk said:
This does not look correct, there are only two brackets for the Home Tarrif residential properties? See attached.

Maybe I am misunderstanding the post, still early and half asleep!
Click to expand...
Yup... There are only 2 brackets for home.

Domestic is not the same as Home!
 
Why you should buy your prepaid electricity at the start of the month and just enough to use up in that month

businesstech.co.za

Why you should buy your prepaid electricity at the start of the month

Energy expert Ted Blom says that prepaid electricity users in South Africa are getting 'ripped off' by noncompetitive and opaque prepaid power suppliers - while most are still not aware of how to get the most out of their power at the lowest price.
businesstech.co.za businesstech.co.za

most prepaid users don’t know that the best time to top up their electricity is on the first of the month.

This is due to Eskom’s Incline Block Tariff system.

Because the blocks increase in the price, customers can save money by not buying more electricity than what they will use during the month. It is much better to wait until the next month and start to buy again at the low price.

Buy what you need in a month, at the start of the month, that will get you the best deal

Buying in bulk is not cheaper. Incline Block Tariff (IBT) means the more electricity you buy in a month, the more you pay per unit of electricity. ...
 
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