Budget billing is available for monthly billed residential members to help “even out” expenses.
- Your history of electric usage is averaged out and a constant monthly payment is determined for billing.
- Each month you receive a bill showing the calculation based on your meter readings, but the dollar amount payable will remain constant.
- The budget year begins on the bill you receive in May. The 12th month is referred to as a “catch-up month”. On the bill you receive in April, you will be billed exactly what you owe in accounts receivable rather than the budget amount. Either a debit or credit may show on the bill. A new budget is then established for the upcoming year.
Requirements
- Energy usage history for 12 months.
- Good credit history for 12 months.
- Account paid in full at the start of the budget year.
- The account is set up on a direct payment plan.