Houston, TX, U.S.A. — (METERING.COM) — March 1, 2010 – Nations Power has announced that it is providing prepaid and real-time pricing for electricity to customers in Texas utilizing smart metering technology.
This allows Nations Power to deliver electricity to customers who are having problems paying for high up-front deposits or high prepayments with other electric providers.
Nations Power believes itself to be the first electric provider to implement prepay with real-time pricing anywhere in the U.S. Its prepaid and real-time pricing products can utilize the nearly 1,000,000 advanced smart meters currently installed in Texas. The billing solution allows customers to prepay for power on a daily basis versus the traditional monthly post-paid or month-ahead estimated prepaid methods. Plans are for nearly 6 million customers to have smart meters in Texas by 2013.
“Our one-of-a-kind, state-of-the-art software was developed exclusively for Nations Power, by SmartGridCIS, to provide prepaid electricity to our customers,” said Fernando de Aguero, CEO of Nations Power. “The software processes 15-minute usage data from any smart meter, which allows us to provide prepaid electricity with real time pricing.”
Currently, the prices offered by Nations Power are approximately 30-40 percent lower than the estimated prepaid companies. Furthermore, a customer can get started with Nations Power electric service with an initial $50 payment.