Levelized Billing takes the guesswork out of budgeting for your monthly electric bill.
PVEC’s Levelized Billing Plan is a great option for those on a budget. One advantage of the plan is knowing the approximate amount of your bill, which allows you to plan ahead for that monthly expense.
Each month, your current month’s bill is combined with your previous 11 months’ bill to determine the average bill over the past 12 months. This rolling 12-month average makes your electric bills approximately the same each month. The bill amounts can vary a small amount each month.
The chart shows an example of an actual levelized bill over the past year. The green bars represent the actual bill amount and the blue bars represent the levelized amount the customer actually paid. The highest bill during the 12-month history was in December. Instead of paying the bill amount of $281, the customer paid $162 due to the levelized bill amount. The remaining balance of that bill is accrued as an account balance which will be paid off during the months of lower usage.
Are you ready to sign up for Levelized Billing? Call your local PVEC office to find out more information about this program. In order to sign up for the program, participants must have an account balance of $0.