WE Energies Budget Billing
WE Energies customers who are tired of the volatility of their monthly energy bills can utilize a free Budget Billing service provided by WE Energies. This is a helpful tool that makes budgeting a little easier.
Here’s how the program works:
An average monthly payment is calculated based on an analysis of past energy bills. For the first six months, the customer is charged the same monthly payment. In addition to seeing the monthly payment due on the bill, customers will see the actual energy they have used and the actual charges. The difference between the monthly payment and the actual charge is tracked as a settlement balance.
A review is done at the end of six months. If energy use is not in line with the prior six months of billing then an adjustment is made to the monthly payment due.
At the end of the twelve month period the customer’s account is reviewed again. If an adjustment is necessary, those enrolled in the Periodic Plan will have a settlement balance automatically added or subtracted to the bill in the 12th month. Those enrolled in the Continuous Plan will have the settlement balance included in the calculation for the next years monthly bill amount. In the long run, customers will always pay for their actual energy useage.
WE Energies recommends that customers track the settlement balance on each bill. This will avoid any surprises during the seventh or twelfth months of the billing cycle.
To review the terms and conditions and information how to enroll, visit the WE Energies Budget Billing webpage.
Are you a fan of the Budget Billing process? Any helpful hints to share with our readers? Leave a comment here.
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