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The One Payor Debt Conversion Plan - OPDC
Accredited Municipalities, through authorised representatives / mandatees, will qualify for a custom made FinSure OPDC PLAN. It is mandatory for OPDC Plan applicants to become a Client through the LAEP Program.
The OPDC PLAN includes the following:
The conversion of the Local Authority’s existing Utility Provider debt to InovaSure in return for a monthly energy security management service fee to ensure ongoing Energy Security for Local Authorities i.e. Cities / Municipalities / Villages.
Local Authorities should have the following information available when applying for an OPDC plan:
Total average energy usage per calendar month for the last 12 months;
Total cost to the Municipality for the power used per time period;
Tariff paid for peak power;
Total consumption of off-peak (base load) power;
Tariff paid for off-peak power;
Total outstanding debt to the Utility Provider as of a specific date.
InovaSure will assess the above information and present the Local Authority customer with an OPDC “Plan” quotation.
In this manner, the Municipality follows all the correct governance steps and obtains Council and other relevant approval for the arrangement.
The ESMA Agreement is issued and a monthly fee replaces the outstanding debt to the Utility Provider.
Application for the OPDC Program
For registration of interest in the The One Payor Debt Conversion Plan - OPDC Program, kindly complete the form and click the Apply button below.