Do you remember the high power bills during last winter’s extended cold spell? You likely aren’t looking forward to going through that again. Consider Budget Billing to smooth out the peaks and valleys of seasonal high bills.
PRECorp offers a Budget Billing program for residential members to help even out seasonal spikes in power usage over an 11-month period. Your account must be current and have at least 12 months of service history to enroll.
Annual billing is averaged - with a 5% buffer built in - to enable members to budget and pay a fixed amount for their power bill each month. The monthly budget amount needs to be paid for 11 successive months with the final, or 12th month’s, payment being a settlement (or clearing) amount equal to the difference between the total payments made during the prior 11 months and the actual amount due for the 12-month period. The clearing month will always be the October-dated billing for September usage, regardless of what month the plan was made effective. The October statement will reflect the new monthly budget amount, which is recalculated based on the average usage over the past 12 months.
October is a great time to sign up, before the next winter sets in.
If you are interested in signing up for Budget Billing, please contact a Member Service Representative at 1-800-442-3630 to help get you set up.