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The company's founder and Chief Executive Officer is Bill Bullen. The company specialises in prepayment (pay-as-you-go) metering. [1] In 2005, Utilita became the first company in Great Britain to install a smart electricity meter in the residential sector, and in 2008 Utilita became the first to install a gas and electricity smart meter system. [1]
Prepayment meters are intended to help customers to manage energy use, thereby helping the environment, and control their spending, thereby enabling to live within their limited means. [3] Typically about 40% of customers use prepayment meters for their electricity and gas: this percentage has remained roughly constant over the last five years. [4]
The advisory service said it had seen more people who were unable to top up their meter in 2022 than in the whole of the last 10 years combined.
Prepayment meter can refer to: Electricity meter; Water meter; Gas meter; Parking meter; Other disambiguation pages: Pay as you go (disambiguation) Prepayment ...
Almost 300,000 households had their gas and electricity prepayment meters set to recover debt when they top up in the first quarter of this year. Energy prepayment meter customers seeing up to 90% ...
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MSP kWh is the amount of electricity consumed at the 'meter supply point', which is the customer's meter. GSP kWh is obtained by multiplying the MSP kWh by the Line Loss Factor (LLF, a figure > 1) to include the amount of electricity lost when it is conducted through the distribution network, from the 'grid supply point' to the customer's meter.
Ofgem said Utilita had agreed to pay out £830,000, including £508,260 in compensation for affected customers and £321,740 to the Energy Redress Fund.
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