With our Budget Billing option, you can avoid seasonal peaks in
your electric bills by dividing your payments evenly over the course of the
entire year. This plan makes it easier for you to budget and pay your energy
bill each month, because you’ll know your regular payment amount.
Budget Billing has 11 "budget" months and one
"settlement" month each year. During each budget month, your bill
will include the budget installment amount, which is due before the late
payment date listed on your bill. The budget installment amount is established
based on past energy usage patterns at your service location.
Your bill will also show the amount of your actual energy use
for that month and your current budget balance, which is the difference between
the actual cost of your energy usage and the sum of your monthly budget
installments up to that point. Periodically, we review your budget installment
amount and, if necessary, recalculate your monthly payment based on your actual
(lower or higher) energy use.
The amount you owe in the settlement month will include your
actual energy costs for that month, as well as your standing budget balance
(which can be negative, or positive), the total difference between the amount
you paid during the previous 11 budget months and the cost of the amount of
energy actually used during those months.
To sign-up for budget billing, you will need to register for My
Account, a secure self-service option that will allow you to:
Once you have registered for My
Account, log in and click on the "Budget Billing" button in the menu.