What are Credit Meters?

Hi there. I’ve started the switch to Bulb yesterday (17/11/2018), and the Bulb Welcome Pack states I have Credit Meters. Are credit meters prepayment meters? Just wondering. Thanks.

Hi there. I've started the switch to Bulb yesterday (17/11/2018), and the Bulb Welcome Pack states I have Credit Meters. Are credit meters prepayment meters? Just wondering. Thanks.

Credit meters are not prepayment meters, which means the energy supplier works out your energy usage (ideally based on meter readings you have sent) and bills you for the energy you have used.

Thanks!