Budget billing has 11 budget months and one settlement month each year.
Ep electric budget billing.
If you need more information about your individual situation or other payment options please call our 24 hour customer operations center at 1 800 672 2231.
Most residential customers small businesses small farms schools and not for profit organizations in good financial standing with vectren are eligible for budget bill.
Securely receive view and pay your bill online.
At the end of your cycle is the annual true up.
A semi annual review may result in an adjustment to your budget amount to reduce the end of the budget cycle amount you owe.
Budget billing is an optional tep payment plan that allows you to pay for your electric use in equal monthly installments.
Budget billing means your utility company like the power or gas company will offer you a set amount due each month for a certain utility.
Your payment amount is calculated by taking your estimated yearly consumption and dividing it by twelve.
During each budget month your bill will include the budget installment amount which is due before the late payment date listed on your bill.
The budget billing plan the plan allows you to pay your electric bill with a scheduled amount each month.
Budget billing levels out the peaks and valleys and allows you to make the same monthly payment year round.
It s as easy as point click and pay.
To schedule your payments using our free e bill service click here for information on how to read your bill dispute a cost or find additional payment options click here.
Make payments or security deposits at your convenience 24 7 using one of our easy payment options.
Budget billing can lull people into using more energy.
Electric bills can vary greatly from season to season or month to month.
Make your epe bill payments anytime 24 7.
Instead of paying your actual energy costs each month which can fluctuate you pay an average amount based on your energy use from the previous 12 months.
To determine this amount the company will add up the amount you spend last year on that particular utility then divide that number by 12 assuming that your usage will generally stay the same.
To be eligible for the plan you must have satisfactory credit history.
Budget billing averages out annual energy bills so that people don t have to try and budget in hundreds of extra dollars per month for energy bills when energy use peaks for them.
Pay for your electric use in 12 equal installments and even out the peaks and valleys of your bill.
For all the benefits of a budget billing system there is a down side.
