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Sales Information: Meter - Meter deposit depletion period (2778)

Sales Information: Meter - Meter deposit depletion period (2778)

Postby admin » Thu Apr 24, 2014 11:34 am

Content:

The depletion period of the initial meter deposit is 18 months.

Example 1:

* Initial deposit of US$1,200 was paid on 1st Jan 2013.
* Average monthly usage is US$25.
* Depletion period will end on 30th June 2014.

For the above scenario, a total of US$450 will be depleted from your account by the end of June 2014. Since the depletion period will also end at the end of June 2014. Before the depletion period ends, you can pay a US$150 extension fee to move forward your meter deposit for 12 months.

Example 2:

* Initial deposit of US$1,200 was paid on 1st Jan 2012.
* Average monthly usage is US$80
* Depletion period will end on 30th June 2013

For the above scenario, the initial deposit will be fully depleted by the end of April 2013. You can then choose to settle your monthly payment adding another meter deposit to your account. Benefit of adding advance meter deposit can be found in following article. Otherwise, you can settle payment by credit card on a monthly basis, but you will risk interruption of service if payment is not settled on time.

Please note that subsequent deposit placed, the depletion period is 12 months.
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