Save Money with Our Pre-Paid Electric Service Program
Looking to save money on your electric bill? Kosciusko REMC’s Pre-Paid Electric Service program is a proven way to save money for our members. Read more to learn how pre-paid service works, how it saves you money, and how to join the program.
How Does Pre-Paid Service Work?
Our Pre-Paid Electric Service program works like a debit card in comparison to a credit card. You put money into the account in advance, and you can watch the money in your account go down daily as you use electricity. This allows you to be aware of exactly how much you are spending on electricity and adjust accordingly, instead of just receiving a bill at the end of the month. Meters are read and the appropriate charge is deducted from the account balance daily at approximately 10:30 a.m. Monthly service charges are prorated and calculated into the daily deduction. Our members can opt to receive alerts and notifications about their pre-paid account through their account settings on kremc.com. This allows you to really see what is using the most power and change your daily habits for better results.
Does Pre-Paid Service Really Save Money?
At KREMC, we've always believed that prepaid billing can help our members save money. But we didn’t want you to just take our word for it—so we put it to the test.
We reviewed accounts of members who have been with us for at least two years, with at least one year each on our prepaid billing program and our traditional monthly billing. The results were clear: members on prepaid billing consistently used less electricity compared to when they were on monthly billing.
This reduction in usage translates to real savings for our members. By monitoring daily usage more closely, prepaid billing empowers members to make small adjustments that add up to significant savings over time. Plus, with a pre-paid account, you don’t have to worry about late fees on your bills.
If you’re looking for a simple, effective way to lower your energy consumption and reduce your bill, prepaid billing could be the solution for you. With proven results and an opportunity to take control of your energy use, it’s a smart choice for any household.
Results:
- Average energy used over one year: 2,383 kWh less
- Average decrease in usage over one year: 15%
- Average cost savings: $235
How Do You Join the Pre-Paid Service Program?
KREMC members can enroll in the program by opening an account with a minimum initial credit balance of $50. Then going forward, payments of $20 or more can be made at any time. Once the account is set up, members are responsible for monitoring their account to ensure the balance does not reach $0. If the balance reaches $0, disconnection will occur after the member has been alerted through the notification option they selected. A $50 initial balance will be required to start service again.
As shown, joining our Pre-Paid Electric Service program gives you greater control and awareness of your electrical use and is a tool proven to be beneficial in helping you save money. You can either give our KREMC team a call or stop into our offices to learn more about setting up a Pre-Paid Electric Service program.