Electricity Reading prior to settlement

Discussion in 'Legal Issues' started by newtoinvest4, 7th Sep, 2020.

Join Australia's most dynamic and respected property investment community
Tags:
  1. newtoinvest4

    newtoinvest4 Well-Known Member

    Joined:
    8th May, 2019
    Posts:
    45
    Location:
    NSW
    can any provide some advise please...
    How does the electricity side of things work?
    Should I be getting an electricity reading done prior to taking over the new property? If so, who do I contact as I don’t know who the electricity provider is.
    Or do I just sign up with my preferred electricity provider and they take care of it?
     
    newtoinvest4, 7th Sep, 2020
    #1
  2. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,415
    Location:
    Gold Coast
    Which State?
     
    kierank, 7th Sep, 2020
    #2
  3. newtoinvest4

    newtoinvest4 Well-Known Member

    Joined:
    8th May, 2019
    Posts:
    45
    Location:
    NSW
    NSW
     
    newtoinvest4, 7th Sep, 2020
    #3
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,517
    Location:
    Sydney
    Generally speaking a electricity meter is linked to a energy provider. (Think of it like a phone number). It is portable. The buyer can choose who their energry provider is and arranges connection. The former provider reads the meter and its then transfererd over to a new provider or account if you happen to choose the same provider.

    You must arrange connection and it can take a few days - AGL offer a next day poromise I believe. If you dont arrrange connection the lighyts anmd power wont work. Unless the former occupant didnt end their bill. - Which they would be foolish to miss. If they did miss it your provider will sort it.
     
    Last edited: 7th Sep, 2020
    Paul@PAS, 7th Sep, 2020
    #4
    kierank likes this.
  5. Marg4000

    Marg4000 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,417
    Location:
    Qld
    Just contact your preferred supplier and arrange connection.
    They will be happy to assist.
     
    Marg4000, 7th Sep, 2020
    #5
  6. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,517
    Location:
    Sydney
    Shop around !!

    Energy Made Easy is an INDEPENDENT price comparison site from the Commonwealth Govt. Its a legal requirement of all energy providers to list all offers
     
    Paul@PAS, 7th Sep, 2020
    #6
    Stoffo likes this.
  7. newtoinvest4

    newtoinvest4 Well-Known Member

    Joined:
    8th May, 2019
    Posts:
    45
    Location:
    NSW
    Thanks Paul :)
     
    newtoinvest4, 9th Sep, 2020
    #7