Prepaid Sub Meters for tenants: How It Works

These prepaid sub meters for tenants are a means for the landlord, property manager or body corporate to collect money from their tenants before they use electricity or water. Our prepaid electricity meters for tenants are installed on a sub meter basis. This means that the supply authority (Eskom/Municipality) meters remain in place. Our prepaid sub meters for electricity are fitted in the rental unit next to the distribution board and are suitable for entire blocks of flats, complexes, factories, shops and even granny flats.  We can install more than one prepaid sub meter per property!  You will love the convenience.

View electricity prepaid meter special | View water prepaid meter

JKNV ENERGY OFFERS 3 VENDING METHODS

All 3 vending methods are available to both prepaid electricity and prepaid water purchases on our prepaid sub meters.  You can choose the option that best suites you.  You can also change options.

OPTION 1:  Automated vending:  (Most popular) Easy revenue collection via nationwide partners

The tenant purchases prepaid electricity or water for their prepaid sub meter via our nationwide vending channels, making use of selected (Easypay and Unipin) outlets:

  • Pick n Pay stores
  • Checkers Hyper
  • Spars
  • Uni Pin outlets
  • BP Express stores
  • FNB internet banking, FNB cell phone banking & FNB ATMs
  • Standard Bank, ABSA, Nedbank internet banking
  • Online:  Credit Card purchases via EasyPay
  • Phone App: EasyPay

At the end of each month the total revenue collected on the prepaid sub meters is paid to the property owner’s or body corporate’s bank account, who in turn pays the supply authority (eg Council or Eskom).  There is a 15% administration fee on all transactions for the use of the system. This fee will be recovered when purchasing a token, the tenants are charged this convenience fee, so the Landlord does not pay for this service.

When the prepaid sub meter for tenants is purchased the meter becomes the property of the owner.  An application form will need to be completed by the property owner and emailed, faxed or delivered to JKNV Energy.  This application form registers the meter to the property owner.

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How it Works Prepaid Meter Enquiry
Council meter type on property?
Prepaid Sub Meters for tenants: How It Works 1
Prepaid Sub Meters for tenants: How It Works 2
OPTION 2:  JKNV vending:  Outsourced revenue collection via JKNV Energy

This option is used if the Landlord doesn’t want the hassle of collecting the money for electricity, but still wishes to maintain control by being able to instruct us not to vend electricity should the tenant have rental arrears.

Our minimum administration fee is R40.00 per meter per month or 10% of sales whichever is the greater. This covers access to our website, meter revenue collection management, SMS return vending and support

When the prepaid sub meter is purchased by the property owner, a registration form will need to be completed by the property owner and returned to JKNV Energy.

Vending process

  1. The tenant does an EFT or deposits cash into JKNV Energy’s bank account, using their meter number as a reference.  Minimum purchase of R500.  Operating hours Monday – Friday only.  (No cheques, all cash deposit fees will be deducted from the total paid.)
  2. JKNV Energy allocates the amount paid by the tenant to the nominated meter.
  3.  The tenant sends an sms to our vending platform, SMS format to be sent is m(pin No.)* meter No.*amount,  to 0790914073. example SMS for a R500.00 purchase is, (m(1356)*04192130303*500)
  4. The Tenant will receive a return SMS with a 20 digit token number that they will punch into their meter. NB. the tenant must allow +- 1 hour before sending the SMS.

At the end of every month JKNV Energy will do an EFT into the property owner’s bank account, for all revenue collected on the prepaid sub meters less the administration fee. The property owner in turn pays this over to the Municipality or Eskom.

OPTION 3:  Owner managed vending

Web vending is available for landlords who prefer to collect cash from their tenants and generate their own tokens. This vending is done on the internet, to generate a token the landlord needs to enter the Meter No. and password.

When the prepaid sub meter is purchased by the property owner, a registration form will need to be completed by the landlord and e-mailed or faxed to JKNV Energy for registration on the system.

The service fee is R 40.00 per meter per month. This covers access to our website, initial training, SMS return vending and support.

Conclusion

Be it a block of Flats a Granny Flat, house, shops, factory or entire complexes, JKNV Energy can offer easy tailor made vending solutions for you and your prepaid sub meters to suit a variety of needs.  Our prepaid electricity meters for tenants coupled with our vending solutions offers a one stop solution to your utility billing problems, that is hassle free and convenient for property managers and tenants.

It’s all done for you, so that you can focus on your core business whilst we ensure your property is operating smoothly and your utilities are being collected efficiently.  This article is designed to answer questions on how does prepaid electricity work on our system.  If your question was not answered here, please go to Prepaid Electricity Meters Frequently Asked Questions or complete an enquiry form.  We are very happy to explain over the phone.

View electricity prepaid meter special | View water prepaid meter

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