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12-27-2018, 12:03 AM
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Sage
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Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 10,508
Thanks: 82
Thanked 1,505 Times in 677 Posts
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From the Horse's Mouth - Duke (Poke Here)
Quote:
Budget Billing
How the program works:
Your monthly Budget Billing amount will be based on the average of your actual bills during the last 12 months (including local taxes, franchise fees, private area lighting and energy management credits).* This amount will be the same for at least three months.
We continue to read your meter each month. Your monthly bill shows exactly how much energy you use, the actual bill amount, and the deferred balance on your account.
The difference between your actual bill and your Budget Billing amount each month will be shown as a deferred balance.
This may be a credit or a debit.
Every three months, your Budget Billing amount will be recalculated to reflect the average of your last 12 months' actual bills and your deferred balance.
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