Our Budget Billing Plan allows you to budget your payments over the course of the year, allowing you to improve your financial planning. Using this plan, you know each month exactly how much your electric bill is going to be. The monthly billing amount is determined by averaging the kilowatt-hours used for the previous 12 months, and the payment is figured using the current rates. The member agrees to pay the budgeted amount each month for 11 months. However, actual usage is recorded on each month’s billing statement to allow the member to track his or her usage throughout the year. In the 12th month, the member either pays the difference in what was actually used or receives a refund if there is an overpayment.
The Budget Billing Plan is offered to members who have had electric service with the co-op for at least one year. Applications for budget billing are available throughout the year; however, members can only join the program from May 1 through Sept. 15. June is the first billing month of the program, with May being the12th, or settlement, month.
Interested members should contact UDWI’s billing department to learn more and start the sign-up process.