Prepayment in a sentence

After establishing the property was unoccupied, the reporter observed the agents work with a locksmith to force their way in and install a prepayment meter.

But those with traditional prepayment meters - where the user has to top up a card or key at a shop and then load it on to their meter - received vouchers via text message, email or post.

Centrica said the support measure includes non-repayable credit up to £250 on prepayment metres, and British Gas will identify the beneficiaries with an aim to target the most needy on priority.

China's mortgage rate cuts spur prepayment rush, threaten bank earningsinvesting.

Citizens Advice also claimed it saw more people unable to top up their prepayment meter last year than in the whole last ten years combined, as the cost of living crisis squeezed budgets across the country.

Energy firms have been given a deadline by the Government to decide on what action to take for customers who have had a prepayment meter wrongfully installed.

Historically, customers on prepayment meters (PPM) have paid higher standing charges than direct debit customers, reflecting the higher cost to serve these customers.

In protecting people from rising energy costs, the Chancellor said the energy price via prepayment meters will match with that of those who pay via direct debit, and he has extended the energy price guarantee at its current rate until the summer.

Jane said her energy provider had apologised on the phone for the mistake, removed the prepayment meter and credited her account with £45.

Multinational energy firm Centrica, which owns Bord Gáis in Ireland and British Gas in the UK, said this week that it will introduce lower prepayment prices for UK customers from the 1st of April, making it the cheapest option to buy energy in Britain.

N.S. said it is not aware of how many customers were on a prepayment plan.

On the positive side, prepayment risk has declined given the high rates on new mortgages, but spreads are all over the place, and book values have been decimated.

Prepayment meters use a pay-as-you-go system where you have to pay for your gas and electricity up front, with the unit rate usually higher, making fuel more expensive.

So that is kind of, I call it, a show of good faith and to support us in terms of accelerating Arizona, put up what Pat said was a meaningful prepayment.

That means that one person is being cut off from their energy supply every 10 seconds as millions of people cannot afford to top up their prepayment meter).

The lock-in effect of these rates is real and is likely to suppress overall prepayment activity at a low level for a while.

The prepayment of the loan will drop from 3% to 1% in June, and given that this is a high-interest variable loan, it would make sense for the company to pay it off given that it currently has net cash on the balance sheet.

These can include administrative charges, legal fees, valuation fees, and prepayment penalties.

The undercover investigation by the Times revealed how agents working for Arvato Financial Solutions on behalf of British Gas had forced their way into the home of a single father-of-three to install a prepayment meter.

The way prepayment meters are handled is under the spotlight after it emerged that agents for British Gas had broken into vulnerable people's homes to force-fit meters.