Ep Electric Budget Billing

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.

Ep electric budget billing.

Budget billing is an optional tep payment plan that allows you to pay for your electric use in equal monthly installments. During each budget month your bill will include the budget installment amount which is due before the late payment date listed on your bill. Budget billing is a voluntary program that eases the highs and lows of your monthly bills. Most residential customers small businesses small farms schools and not for profit organizations in good financial standing with vectren are eligible for budget bill.

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. Your payment amount is calculated by taking your estimated yearly consumption and dividing it by twelve. It s as easy as point click and pay. Budget billing can lull people into using more energy.

A semi annual review may result in an adjustment to your budget amount to reduce the end of the budget cycle amount you owe. Securely receive view and pay your bill online. For all the benefits of a budget billing system there is a down side. Electric bills can vary greatly from season to season or month to month.

The budget installment amount is established based on past energy usage patterns at your service location. Pay for your electric use in 12 equal installments and even out the peaks and valleys of your bill. Make your epe bill payments anytime 24 7. Make payments or security deposits at your convenience 24 7 using one of our easy payment options.

At the end of your cycle is the annual true up. 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. Budget billing has 11 budget months and one settlement month each year. The budget billing plan the plan allows you to pay your electric bill with a scheduled amount each month.

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. To be eligible for the plan you must have satisfactory credit history. 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.