Prepay electric?

[Lean L]

I live in a managed building where the only utility I have to pay is electric. I have my account set up so that the SOA fee is automatically transferred from my account at the beginning of every month. Since the electricity is managed, I cannot set up any sort autopay for it.

Last month I ended up writing a check for $13... and mailed it out. I figure at this rate, I can pay off my bill one year at a time and not break a sweat. The economics work out far greater than my money sitting in a bank (saved money in stamps).

Good idea? Am I missing something really obvious? Will the electric company understand what is going on here?

It's also pretty cool since I figured out that there is no surcharge (distribution fee, etc) in this sort of setup. So I only pay 10c a kwh flat.

 

[waffleironhead]

Just send them $100, they will just eat away at it till its gone. Just keep an eye on it so you don't miss out when your balance runs dry.

 

[rcpratt]

Yeah, I'd try just paying more than your balance. Worst they can do is cut you a check.

 

[Ken g6]

I know a better way to prepay electric bills:

[imglink]https://upload.wikimedia.org/wikipedia/commons/thumb/4/4e/Solar_panels.jpg/640px-Solar_panels.jpg[/imglink]

They probably don't allow you to do it on your building, though. :\

 

[Carson Dyle]

I don't suppose calling the electric company and asking them ever occurred to you?

 

[Red Squirrel]

Wow, where do you live that power is that cheap? I pay like $170/mo. A small part of that is probably my server equipment though. I use a bit under 1MWH per month. Check to see if you can just do preauthorized payments so you don't have to mess with having to send cheques.

 

[BoomerD]

I don't suppose calling the electric company and asking them ever occurred to you?

Remember...the OP is "The poster previously known as I am a Idiot."

The mods should reinstate that name.