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.
First time My Account userYou will need your most recent bill to register.
