Is it cheaper to buy prepaid electricity at the beginning of the month?
Updated | By Darren, Keri and Sky
When do you think is the right time to buy electricity?

Prepaid electricity is becoming increasingly popular among households as it allows consumers to pay for their electricity usage in advance.
The main advantage of prepaid electricity is that it helps you to keep track of your electricity usage and costs more efficiently.
Read more: Declaring load shedding a state of disaster won’t make difference to investors – economist
However, did you know that it can also be cheaper to buy prepaid electricity at the beginning of the month?
According to Moneyweb, there are several reasons why it’s cheaper to buy prepaid electricity at the start of the month.
Firstly, electricity providers typically offer lower rates at the start of the month.
This is because they usually have more energy available at this time.
Read more: South Africans warned as big changes are coming to prepaid electricity
Therefore, they are willing to offer lower rates in order to attract more customers.
Another reason why it’s cheaper to buy prepaid electricity at the beginning of the month is due to the fact that electricity prices tend to increase throughout the month.

As demand for electricity increases, so does the cost.
Therefore, buying earlier in the month, when demand is low, can save you money.
Read more: Mantashe says electricity minister 'long overdue'
Finally, prepaid electricity plans are typically cheaper than postpaid electricity plans, as there are no set-up fees or long-term contracts involved.
Therefore, if you’re looking to save money on your electricity bill, consider buying prepaid electricity at the start of the month.

MORE ON EAST COAST RADIO:
Main image attribution: Pexels
Show's Stories
-
A step-by-step guide to dealing with a stolen phone
Follow these simple steps to protect your personal info and prevent iden...
Stacey & J Sbu 53 minutes ago -
Durban Country Club to host Investec SA Open
The Investec SA Open is back at Durban Country Club! Sunshine Tour commi...
Stacey & J Sbu 2 hours ago