Prepaid metering is a win-win for both the power utilities and the consumers. While the utilities cut their AT&C losses caused by the use of postpaid, analog meters, consumers don’t have to any extra amount because of faulty meter readings. In this regard, the Xenius platform, offered by prepaid meter pioneer Radius Synergies, is the best choice for both.
Prepaid metering has been nothing short of a revolution in the power sector. It allows the power utilities to charge and collect revenue from the public smoothly, for the electricity consumed by them. It also enables the consumers to keep track of their power consumption on real-time basis.
Earlier, postpaid meters were used by the Electricity Department to track the energy consumption of the consumers. These meters were mostly analog and showed faulty readings most of the time. The consumers had no option but to pay the electricity bill according to the reading shown on the meters. It was causing huge financial loss to the consumers.
- There were many instances when consumers either changed their locations or simply ran away without paying their bills, leading to huge losses to the Electricity Department
- The DISCOMS are the worst hit due to the AT&C losses as their performance is judged on the basis of their revenue collection. That is why it is essential for utilities to shift to prepaid metering
- The Xenius platform offered by Radius is a world-class platform which, besides enabling the consumers to track and monitor their energy consumption, also helps utilities to monitor revenue realisation with respect to the electricity sold.
Postpaid meters caused financial losses to the Electricity Department also as the latter was collecting the revenue on monthly basis. There were many instances when consumers either changed their locations or simply ran away without paying their bills, leading to huge losses to the department. Many consumers also used to fiddle with their meter reading using illegal means, thereby putting the department at a great loss.
Such losses are dubbed as AT&C, which stands for Aggregated Technical and Commercial losses. AT&C loss is the sum total of technical and commercial losses and shortage due to non-realisation of billed amount. They can be calculated using this formula: AT&C loss = (Energy input – Energy billed) * 100 / Energy input
The distribution companies (DISCOMS) are the interface between the utilities and the consumers. The DISCOMS are the worst hit due to the AT&C losses as their performance is judged on the basis of their revenue collection. That is why it is essential for utilities to shift to prepaid metering.
With prepaid metering, the DISCOMS can collect the revenue beforehand and they don’t have to run after the defaulters, which are always large in number. Also, prepaid meter readings cannot be altered using whatever means as the calculation is done in backend, which is a fully compliant system.
Radius Synergies International is the pioneer in bringing prepaid metering to India. The Xenius platform offered by Radius is a world-class platform which, besides enabling the consumers to track and monitor their energy consumption, also helps utilities to monitor revenue realisation with respect to the total electricity sold. The Xenius mobile app helps the consumers to get the real-time data of their energy consumption on a single platform. The app also enables them to pay their electricity bill online from anywhere in the world.
