Prepaid Electricity Metering Market: Global Industry Analysis and Forecast (2024-2030)

Prepaid Electricity Metering is a payment system for electricity consumption that allows consumers to pay for their electricity usage in advance, as opposed to the traditional post-paid system where consumers receive a bill after using electricity. Prepaid electricity meters are installed by utility companies and allow consumers to monitor their electricity usage and budget their expenses accordingly. The prepaid meters have a built-in communication module that sends usage data to the utility company, allowing them to monitor consumption and top-up the meter as necessary. This payment system offers advantages such as increased control over energy consumption, reduced financial risks for utility companies, and improved energy management.