And if you are worried about the cost of your utility bills, you can work to lower them, like preparing your home for winter. Based on your ZIP code, we need to know your street address so we can customize your experience. Knowing where your account is located will help us serve you better. Budget Billing takes effect on the next bill after you sign up. However, you could still be hit with a large bill at the end of the year. With Budget Billing, the cost of your seasonal bills is spread out over a year. Keep your monthly payments predictable by enrolling in Budget Billing … You can choose to have your budget bill amount reviewed every three or six months. We determine your budget bill amount based on projected energy prices and the cost of the previous 24 months of usage at your home or business. When you sign up for Budget Billing, we first determine an average monthly bill amount by simply dividing your total electric bills for the past 12 months by 12 and rounding that amount to the nearest dollar. The fees can vary from company to company, but anything more than $2-3/month is likely too much. Many will charge a monthly fee. Bill Disputes Take a look at whether or not you will be charged extra if you use more power than they planned. New Service Connection / Contractor Services. You will receive a notice on your bill letting you know that Budget Billing has started. With Budget Billing, we calculate your monthly payment by adding together utility service averages based on usage information and days of service. Additionally, customers must not have discontinued the program in the last 12 months. There will also be a budget billing section on page three of your bill. Then roll over the additional amount from the lower months to cover the months where you use more power. You can also sign up for text and email alerts to notify you when your budget has been reviewed and whether a change is needed. This content is customized by location. If you have no usage history, we will estimate a budget amount for you. It eliminates surprises and offers a more consistent, predictable monthly payment. City of Austin COVID-19 Updates Tree Pruning Keep in mind that all the company is doing is giving you an average monthly payment. If you discontinue the program or close your account, this balance will be applied to your next bill. Your actual usage will continue to be shown on your monthly bill. Budget Billing spreads costs evenly month to month by charging a pre-arranged amount with each bill.. She is also a freelance writer and business consultant. When you sign up, we'll calculate your yearly bill based on last year's electricity and/or natural gas use. Budget Billing is a free service that eliminates those extreme peaks by leveling out your payment, so you pay roughly the same amount year-round. We track the difference in what was actually used versus what was paid. Many features on this site require them to be enabled. Knowing that your bill will be the same each month, a budget billing system can lull you into a false sense of security. Your session will expire in {{countBack}} seconds, please select OK to continue your session. Contact Us, View Outages Online Consider the contract that you are signing. Main Content, 2. Knowing your monthly payment allows you to save in other areas of your life. Each month, your billing statement will show how much your actual bill is along with your Budget Billing amount. Plug-In Austin Electric Vehicles, Residential Web App Some months you will pay less than your actual bill and some months you will pay more to make up that difference, keeping your bills more consistent. Our budget billing plan is a free program designed to ease the fluctuation of your monthly bills. Start/Stop/Transfer Service Call us at 888-427-5632. For more information, visit Budget Billing FAQs. If you see that fixed monthly payment and think you don't have to watch your energy usage at all, think again. Budget billing helps these people smooth out their utility bills so they know how much money to expect to pay every month. Budget Billing With Budget Billing, there are no surprises. You can do this with any category where the amount you spend each month fluctuates. Load Profiler Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university, and prior to her accounting career, she spent 18 years in newspaper advertising. Think about doing this yourself, without the charge, the contract, and the hassle. What are my options? 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