Prepaid energy leads to 11% drop in energy consumption, report finds

Washington, DC, U.S.A. — METERING.COM — A new report from energy management consulting firm DEFG has found that prepay energy customers at Oklahoma Electric Cooperative have reduced their energy usage by an average 11 percent.

Based on an average monthly bill for Oklahoma Electric Cooperative customers of $146, this implies a $192 annual reduction in a customer’s energy bill.

This study supports the notion that regular communication providing timely data where usage is tied to dollars and cents is key to a shift in consumer energy consumption.

Prepaid service operates as a consumer platform for both energy and budget management.

Jamie Wimberly, CEO, DEFG

The report, which was prepared for DEFG’s Prepay Energy Working Group by economist Michel Ozog of Integral Analytics, used monthly consumption data for 1,217 households, with an average of 32 months under post-pay and 22 months under prepay, with the latest date being March 2012.

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