PAYG submetering service that run itself.
No charges to connect to the distribution network. No hidden fees or commitment, and low installation costs. You can trial it with a single meter …
and it’s more convenient for your tenants
Problems That We Solve
Many buildings which are split up into flats or commercial units have a single connection to the electricity and gas networks. This is because the cost to connect to the networks is excessive. In the past, landlords have usually tried to recover the cost of the energy through billing tenants in arrears using sub-meters, or DigiCard or coin prepayment meters. Most have given up and include unlimited energy in the rent. There are serious difficulties with these “solutions” and Ofgem regulations mean that the landlord cannot make a profit on the energy and so cannot recover the cost of their time.
We offer a new service to the market based on the latest technology to provide a Pay As You Go metering solution like no other. Now your tenants pay for credit on their meter via our free phone line or internet, and the sub-meters are credited via their built-in mobile phone SIM cards. So your tenants can only use what they’ve already paid for, and you can just install and forget, because we manage the whole system for you.
How It Works:
We supply you with smart meters which are pre-configured ready for you or your electrician to install by the entrance to each flat, etc. We do require a deposit for each meter that we supply, and if you don’t like our service for any reason, this is fully refundable upon your returning the meter undamaged anytime within the first year.
We will then transfer you to the best tariff available in your electricity region. Your tenants will be charged a highly competitive tariff which we aim to keep below the PAYG tariffs of the major suppliers.
You continue to pay the energy supplier for the whole premises, with us automatically reimbursing you for all the electricity that the tenants have used directly into your bank account.
Find out how we’re Better for Landlords
Our system keeps the original cables with often just a mains fuse upgrade which is a five minute job. Sometimes the mains supply may need to be increased, eg by installing a three phase supply by the Distribution Network Operator. This is expensive but still usually considerably less than installing a mains supply to each flat.
The deposit is also discounted when you purchase multiple sub meters. It is £175 for one meter, £150 for 2-3 meters and £120 for 4+ meters.
Each month we will email you a remittance advice statement for the energy used in the previous month, and at the end of the month we will refund you the cost of the electricity that you have paid for each flat directly into your bank account.
You don’t need to tell us about change of tenancies, but we would expect that you would top-up the meter to ensure that there is no outstanding debt at the start of any new tenancies.…as we said, install and forget.
If so, reinstalling them is illegal with a potential fine of £5,000. Furthermore, our meters do not start to under read consumption as they get older and are practically fraud proof. So you will actually get paid for all the energy that your tenants use.
The cheapest flat on Rightmove will get a lot of attention.
…Better for Tenants
Happy tenants = Happy landlords
Very soon they will be able to pay by cash at any one of over 31,000 local retailers using the ePay network. In the meantime if they don't have a card they can ask anybody to use their card and pay them the cash.
Credit is placed on meters automatically by a mobile phone signal so there is no need to enter a long credit code or even put a key in the meter.
Tenants love the convenience.
Tenants have access to their account through our on-line Tenants' Portal.