How do prepayment meters work?
Prepayment meters – also known as ‘pay-as-you-go’ meters – are a common way to pay your energy bills. You need a meter installed in your house, which you top up with credit bought at a local shop or online, usually with a key or a card.
They’re a unique way to pay because you buy your energy in units before you use it. This means you know exactly how much energy you have available to you, and when you’re going to run out.
With the introduction of smart prepayment meters, it’s now much easier to top up via an app on your phone or online. You can also move any excess credit you have in gas to electricity – or vice versa.