Budget Billing Enrollment
What is Budget Billing?
Budget Billing is as it says — evens out your monthly electric bill. Budget Billing makes your monthly electric bill predictable. No Surprises!
To Be Eligible
To qualify for the Budget Billing Program, you must have been a member of People’s Energy Cooperative for one year, lived in the same location for one year, have an account(s) in good standing with the cooperative, and have a zero balance upon enrollment.
Your account(s) must remain current to stay enrolled in the Budget Billing Program. If your account(s) become delinquent or you do not make monthly payments, your account(s) will be removed from Budget Billing. To requalify your account(s) must have remained in good standing for 12 consecutive months.
Demand accounts do not qualify to be on Budget Billing.
What are the Advantages of Budget Billing?
Budget Billing gives you more certainty about what your electric bill will be each month. In low usage months, you will pay more than your actual bill. Likewise, when usage is high, your budget bill amount will be lower than your actual bill.
How Is the Budget Bill Amount Calculated?
We take the average of your previous 12 months of consumption history.
Can My Budget Billing Amount Be Adjusted During the Year?
Yes. Your budget billing payment is reviewed twice a year by the co-op to avoid significant overpayment or underpayment. Your actual usage and rates, compared to the utility’s estimated budget amount, may cause your budget plan payment to go up or down.
What Factors Can Cause A Change In My Payment?
Weather. Warmer or colder than normal temperatures will impact the amount of electricity you use. If you improve the energy efficiency of your home, your usage will be lower than expected. For example, you can improve home energy efficiency when you replace an old air conditioner, insulate your attic or seal air leaks. A change in the cost of electricity or your monthly usage can also affect your payment.
How Do I Sign Up For Budget Billing?
To sign up for the Budget Billing Program, complete the form below and submit.