Anyone living in Cape Town and with a bit of spare cash and a pre-paid electricity meter would probably do well to buy electricity before the 25% increase on the 1st July.
By doing this you will effectively be buying electricity at a 25% discount to the new price…a tidy return on your money indeed. A couple of caveats first though:
- You need to make sure that you remember to at least “top-up” your account each month to pay for that daily service fee that is levied. Failure to do that could land you with a nasty surprise in a couple of months when you get no electricity next time you buy because all of the money went to cover arrear service fees…
- I have no idea what happens if you buy the electricity and something goes wrong with your electricity box – it does not happen very often but I guess it could and if Murphy is around it will happen just after you have charged up – so make sure you keep your receipts so you can at least “prove” that you had the electricity if there is a problem.
- Make sure you dont forget to make provision for electricity in your future monthly budgets – i.e. if you have bought enough for 3-4 months, dont forget to budget for electricity in the months after that..
That’s all for now – I need to top-up with electricity.