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Electricity exposes risks of coded meters in apartment sales
The article discussed the topic of coded meters in residential properties, emphasizing that these meters are considered safe and legally authorized. They are used to regulate electricity consumption and protect properties from illegal practices. Coded meters cannot be waived or transferred from seller to buyer, as they are issued with a code number without a specific owner's name. The meter is billed at the highest fixed consumption rate of 2.74 Egyptian pounds per kilowatt. Consumers are advised to review the property's status regarding reconciliation and regularization of procedures to ensure that the meter will be transferred to the buyer's name in the future. It is also recommended to inspect the meter in advance by topping up the card in front of the seller and verifying that the meter's capacity matches the size and requirements of the apartment. Additionally, a review of any potential debts should be conducted before completing the sale. Smart technologies, such as reading the card via digital applications, are used to facilitate the inspection process, ensure the balance, and verify data accuracy. The sources also stressed the importance of including a financial clearance certificate in the sales contract to guarantee that any dues are paid before finalizing the transaction, and that debts are clearly addressed before the final ownership transfer.
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