A Look At The Advantages Inherent In The No Deposit Electricity Supply Schemes

A Look At The Advantages Inherent In The No Deposit Electricity Supply Schemes

In the traditional way of doing things, it was always mandatory for anyone applying to be connected to the national electricity grid to pay a deposit to the electricity supply company. For many people, this charge often turned out to be much higher than even the charges for getting the electricity physically connected (the wiring, switches, sockets and so on). These were the days when all we had were those analog meters which every electricity user had to have installed at their premises, for the purposes of metering their electricity usage. It was the meter readings that were used in calculating electricity usage bills. What this meant was that you only paid for your electricity consumption after having used the power. The requirement for the electricity deposit was therefore a mechanism by the electricity supply company, to protect itself in case one was unable to pay their electricity bills for a given month after having used electricity for the duration.

The last few years have, however, seen a rise in the number of companies that offer what they refer to as no deposit electricity supply.' In these schemes, you don't have to pay any deposit to the electricity supply company in order to get the electricity supplied. You only need to pay for the installation of the electricity supply equipment, but no deposit is required of you.

We have, consequently (and quite understandably), seen many people being attracted to these no deposit electricity supply schemes.

One of the reasons many people are drawn to the no deposit electricity supply schemes is their appreciation of the fact that the companies which demand for electricity deposits tend to be very quick to take the money that makes up the deposit, but very reluctant to refund it when the time for doing so comes. Many of the companies know that by the time you get to asking to get your deposit money back, your relationship with them will be nearing its end. They therefore have no motivation to refund promptly, seeing that the relationship is coming to an end anyway. And rather than get into these struggles, many people who have the choice opt to go to the no deposit electricity supply schemes, and thereby avoid the potential frustration of trying to get a refund on their electricity deposits.

Most of the no deposit electricity supply schemes also tend to be the prepaid electricity schemes. Actually, it is the very fact that electricity usage is prepaid which makes the electricity deposits superfluous. But seeing that they are prepaid electricity schemes, many people find many other issues - besides the fear of not being promptly refunded of their deposits - as motivations for their opting for these no deposit electricity supply programs. One of those other reasons is the superb electricity expenditure control that is made possible by the prepaid electricity supply programs. There is also the greater accuracy made possible by the prepaid electricity supply programs (as compared to the postpaid systems, where human error in meter reading can lead to great inaccuracies).

And then there is the considerable convenience, in electricity procurement, associated with the prepaid electricity schemes (which also tend to be the no deposit electricity supply schemes); which sees many people opt for these schemes.

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