A problem that will stop all prepaid electricity meters from working next year, unless they are updated, offers a great opportunity to recover revenue from the sale of electricity.
Electricity meter fraud levels range from 5% to 70% of customers who do not pay depending on the area, a specialist said.For more stories, visit the Tech and TrendsA problem affecting prepaid electricity meters that will see them all go dark on 24 November 2024 unless updated offers a unique opportunity to clamp down on the rampant levels of meter fraud in the country.
There happens to be enough minutes programmed into the meters to reach 24 November 2024, after which users will not be able to vend electricity unless their meters are updated. The update is relatively simple to perform, but the issue is that many authorities haven’t started their projects.Eskom is responsible for updating 6.6 million meters, and told News24 earlier this month that they had rolled over 5 800 so far in a pilot project in Gauteng.
Don Taylor, who is heading the rollover project nationally and who invented the first integrated prepayment meter, said there had been a significant increase in revenue for those municipalities who had performed revenue recovery operations at the same time as the update.Those who are doing revenue protection actions at the same time as the meter reset are generally reporting a 30% increase in revenue.
"The reason we fund this kind of work is that the municipalities are generally financially distressed,"They don’t have the money to do it themselves and I believe they are relying more and more on this type of partnership to improve things. Dr Beyers Naude completed their rollover project in 2019 and it took around nine months to completely finish updating the 11 000 meters in the area.
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