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What is Residential Budget Billing?
Residential Budget Billing takes the guesswork out of the amount your FPU bill may
fluctuate each month. Budget Billing allows you to stabilize your monthly energy
costs by allowing you to pay the same amount each month.
Many things can cause your FPU bill to fluctuate during the year. Some factors that
may cause these changes are:
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• Weather |
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• Purchased Power Cost |
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• Addition of appliances
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• Houseguests |
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Stabilized billing makes it easier for you to manage your monthly account, and it
prevents spikes in the amount due on your bill.
How FPU Budget Billing is Calculated:
FPU will calculate the monthly energy costs by averaging the monthly energy previously
billed in the past 12 months. The average is increased by a percent to account for
cost in fluctuation.
NOTE: Since Budget Bills are calculated
from the past 12 energy bills, you MUST have been an FPU customer for at least 12
months with 12 monthly bills.
If you are not satisfied with Budget Billing, you can discontinue at any time. FPU
recommends that you stay in the program for at least 12 months to understand the
true benefit of Budget Billing throughout the seasons. |
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Review of Customers on Budget Billing:
On a quarterly basis, FPU will review customers’ Budget Billing accounts. The purpose
of this is to ensure that monthly budget payments are not drastically over or under
stated. If a customer has a 10 percent variance of their current budgeted amount,
their account will be recalculated and the revised Budget Billing amount assessed.
"Trued Up" Accounts:
On an annual basis, FPU will evaluate accounts on Budget Billing. Customers will
NOT have to “true up” the difference between the actual accounts and the amount
paid through Budget Billing. Instead, the difference, whether it be a credit or
debit, will be rolled into the next year’s recalculated monthly billing amount.
To Enroll in Budget Billing:
Residential customers interested in Budget Billing must have had year-round residential
service with FPU for at least 12 months, and have no past-due balance owing. Likewise,
any Budget Billing account that requires collection activity will be automatically
removed from the program. Customers can enroll in any month. The effective date
for Budget Billing enrollment is the first of the following month after enrollment.
Accounts with delinquent balances must be brought to a current status to be considered
for this program.
Sign up for
Budget Billing today!
(Simply click here to sign up.) |
