How does Budget billing work for RGE?
With a budget billing program, your utility company will review and average energy usage at your home for the past 12 or 24 months. The average monthly cost and anticipated energy prices are then used to calculate your new monthly bill under the budget billing plan, and you’ll pay a set amount each month.
Is Budget billing on utilities a good idea?
Bottom line: Utility budget-billing plans might be a good idea for homeowners and renters who want a little more predictability in their monthly payments.
What is RGE budget billing?
Budget Billing is a free program designed to ease the fluctuation of your monthly bills. Instead of paying your actual energy costs each month, you pay an average amount. It is not a discount program and offers no savings or lower rates, however, you get the convenience of a more predictable bill.
How does Budget billing for Nyseg work?
When you sign up, we’ll calculate your yearly bill based on last year’s electricity and/or natural gas use. We’ll divide your yearly bill into 12 equal payments and send you a bill every month. The best thing about Budget Billing is that you can anticipate your monthly payment.
How do you explain budget billing?
Budget billing is basically a set amount that you pay each month for your utility bill, whether it’s your electric bill or something else. Your power or gas company for example, will look at the amount of money you spent on your utilities the year prior.
Can you cancel budget billing?
You may cancel budget billing whenever you wish by calling (888) 835-4672.
What happens if I cancel budget billing?
When you stop Budget Billing, any carryover credit or balance due is applied to the next month’s bill and becomes due in full at that time.
How is budget billing calculated?
Budget billing works like this: Utility companies (your electric, natural gas companies, etc.) add up your bills for the last twelve months and divide the total by twelve to determine a fixed amount for your bill for the next twelve months. If you paid more than you used, you get a refund credit on your next bill.
Is budget Billing better?
Having a fixed utility payment aids in better budgeting for monthly expenses. Budget billing helps people avoid super high summer or winter bills. Budget billing averages out your annual energy costs so that you don’t have to pay hundreds of extra dollars during peak usage months.