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Budget billing allows you
to know in advance how much to set aside
for your electric payment. It serves to
even out the highs and lows of your
electric bills and averages out annual
usage and charges you that amount for 11
months. In the 12th month, the
difference between what you paid and
what you used is compared and your
account is credited or billed according
to this difference. For the next twelve
month cycle, a new budget bill amount
will then be calculated.
Budget billing
normally runs on an annual cycles that
begins with sign-up in April, and
true-ups the following April. Keep in
mind that even if you sign up in a month
other than April, your bill will still
be "adjusted to actual" in April. The
determined budget amount will begin
billing in May and bill the same amount
each month until April of the following
year when the adjusting amount shows up
on your statement.
Your account needs to
be paid in full for budget billing to be
an option.
Please call our office at (507) 373-6421
or 800-734-6421 for more details. |
Budget
Billing