Can I Install Prepaid Electricity Meter For Tenant?

When I first rented out my apartment I too had the question about prepaid electricity meters for tenants. But it's possible that first-time home owners or tenants who have started renting a place will have to make use of a prepaid electricity meter. It's an easy-to-use system that improves the effectiveness and simplicity of managing your utilities. Installing a prepaid electricity metre has advantages for everyone, landlords as well as tenants. I will tell you all about it.

Can I install prepaid electricity meter for tenant India? 

Yes, you surely can. Prepaid metres are typically put in properties by landlords or body corporates so that renters or students can pay for utilities on a pay-as-you-go basis. This makes sure that the landlord, rental company, or body corporate won't be stuck with a big bill at the end of the month. Tenants who pay for their electricity in advance have better cash flow and no default risk. Tenants benefit from purchasing tokens for their prepaid power metres since it helps them to be more aware of their consumption.

How are landlords reimbursed for prepaid electricity meters?

Once your prepaid submeter has been successfully installed by a certified electrician, it must be activated in the electricity provider’s prepaid vending system. During the activation process, the landlord will be required to provide details including bank details. Every month, the electricity provider collects money spent by tenants on utilities and reimburses the landlord. When landlords receive their major municipal bills, they include gross consumption, which is made up of tenants' shares. Returning money to your landlord ensures that you have enough funds to pay your entire municipal bill.

What does installing a prepaid electricity meter cost?

Your property's type will determine the kind of prepaid submeter you need. The sub-price meter's will change depending on where you bought it. A licenced electrician can buy the metre for you, and their final installation price will include the cost of the purchase.

Where can you purchase electricity tokens?

To ensure that tenants may recharge around the clock at numerous convenient places across the nation, prepaid electricity tokens can be purchased in a variety of methods. Additionally, we work with internet partners, and a number of online platforms, including our portal and banks, are available for the purchase of tokens.

Many people have trouble comprehending how the recovery rate is determined. While using a prepaid electricity sub-meter, there are many extra expenses involved in buying tokens. The base tariff, building recovery cost, the electricity provider’s prepaid service fee, channel fee, and VAT are all included in the recovery rate.

This is all you need to be aware of regarding prepaid electricity meters for tenants.

Hi Deepali, I can tell you that yes, prepaid sub meter for tenants can be installed by landlords. Installing the prepared sub meter for my tenants turned out to be a good decision for us. Let me share more details on this with you.

What are the Documents Needed for the Metre Connection?

1. A valid rent or lease agreement or rent receipt not earlier than three months.

2. A valid ID proof

How to Connect Prepaid Meter for Tenants?

We gave our 1 BHK in Delhi on rent a few months ago. We decided to install a prepaid metre for the tenant after hearing about the same through our friend. 

So, after applying, and giving all the documents, the metre was ready to be installed. We found that a room with a kitchen and a separate entry is eligible for the metre installation.

The connection process is a little complicated, so we had an electrician connect the prepaid meter. The method of installation and everything can vary based on the metre box to be installed. So, I recommend you call up an electrician for the installation. 

I hope this helps you.