Monthly payment vs Annual Payment for essential utilities.

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I think most of the utilities that we have give people options to choose between annual payment or monthly payment for the services.

What are the advantages of adopting either a monthly payment or annual payment system for services? Which one do you use for your basic utilities?
 
When renting a property I prefer to accept annual rent payments rather than monthly rent payments, because money is worth more now than it will be in a year. Even if you rent a property monthly, the landlord often increases the rent along the way so you are better off paying annually.
 
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