Victron Energy offers many beneficial products for pay-as-you-go (PAYG), enabling customers to take advantage of high quality systems at an affordable cost. Collaborations are being forged with various partners to offer turnkey solutions in this domain.
BBOXX, a next generation utility, has recently launched PAYG solar systems in towns and cities in the Democratic Republic of Congo (DRC). This has been enabled through a technical collaboration with Victron Energy and will deliver reliable, clean and affordable power to businesses, enhancing productivity and powering growth.
What is PAYG?
Over the last several years new business models have emerged that could considerably accelerate the progress of access to reliable electricity, especially in low income countries. These models take advantage of improvements in information and communications technologies (ICT) and the declining cost of renewables. The implementation of the PAYG model in Sub-Saharan Africa and South Asia is one of the most significant examples.
In short, PAYG means that a company rents solar energy systems to consumers – households, shops, SMEs, etc. Consumers then use mobile money to transfer payments on a regular basis and pay back their system over a contract period (in general 1 to 3 years). Once paid, ownership is transferred to the consumer. It is a prepaid scheme and solar systems are automatically blocked if customer payments are overdue. This allows PAYG providers to minimise costs and mitigate risk – whilst consumers overcome the high upfront cost of the technology.
Project in the DRC
In the DRC less than 14 per cent of citizens have access to any form of reliable electricity, which is a significant barrier to economic development. The combination of BBOXX and Victron Energy technologies will serve the energy needs in various areas of the DRC, providing SMEs such as grocery stores, restaurants and micro-processors, with productive power solutions of up to 5.0kW.