Who we are
Meinroux Trading Services (Pty) Ltd trading as Prepaid Electric is a Pretoria-based company, specifically aimed at investors serviced by the City of Tshwane Metropolitan Municipality or any of its subsidiary electricity suppliers.
Prepaid Electric is owned by Wayne and Drika Dennison and was established at the beginning of 2010 after Wayne had identified a solution for the predicament that investors and property managers alike, find themselves in when tenants move and leave unpaid electricity bills.
How we were formed
Prepaid Electric was formed to assist investors and managing agents to curb this problem with the use of prepaid sub metering. Our prepaid submeters are STS (Standard Transfer Specification) compliant and are therefore fully approved and backed by Eskom. Our sub-metering solution includes electricity and water and is ideal for many real-estate applications including residential (buy-to-let) properties; granny flats; student communes; body corporates; retail and office parks; property developments; hospitality accommodation; rental estate agents; and sports facilities.
Investors
The majority of investors are not aware of the fact that the City of Tshwane Metropolitan Municipality transfers unpaid tenant electricity bills to the owner’s rates account. The municipality warrants this action by a clause (Municipal Bylaw 118) in the electricity agreement which states that it is the owner of a property’s duty to ensure that their tenant remains up to date regarding their electricity account. If the owner fails to do so, they become liable for the account.
Installations and management
Prepaid Electric not only installs prepaid submeters, but also offers a full management solution with regards to the tenant as well as the payment of utility bills.
Why should I apply for a sub meter?
Why is a submeter the best solution for investors and home owners, and what are the advantages of getting a prepaid submeter?
- Reliability: Our prepaid submeters are STS compliant and therefore fully approved and backed by Eskom.
- Monitoring: With our prepaid reporting system, owners can monitor and manage their electricity accounts more easily and run comparisons between the reports and their actual electricity bills.
- Investor assurance: An investor (owner) can request blocking a meter if rent is unpaid or in arrears.
- Levy collections: Our prepaid software has the functionality to collect water, sanitation, and refuse removal levies over and above electricity.