What is Levelized Billing?
Levelized Billing is a service providing the members with a set monthly billing each month. The amount is reviewed and adjusted annually. • Would Levelized Billing benefit me? Yes. Levelized Billing can help with your monthly budgeting needs, and can be used to level out high summer or winter usage for ease of paying. • Can I just call and be put on Levelized Billing? No. In order to be put on Levelized Billing a member must meet the requirements for Levelized Billing. • What are the requirements for Levelized Billing? A member must have an application filled out by Member Services. This application requires that the member has lived at the location for a minimum of 12 months, has had a good credit rating with Intercounty, and allow for an inspection by Member Services. All Levelized payments must be kept current. • How will my monthly bill be determined? Your monthly bill will be determined by your last 12 month kwh history divided by 11. Exceptions would be determined by the inspecti
When it comes to your sometimes high, sometimes lower electric bills, do you feel like you’re on a roller coaster? You can think of levelized billing as a shock absorber for “roller coaster weather”, when temperatures take your electric bill for a ride. Levelized Billing won’t reduce the amount of electricity you use, lower what you owe Pioneer Electric or even make your bill the same amount every month. What it will do is stabilize your monthly electric bills by billing you for your average monthly use. How Does It Work? • When you take advantage of Levelized Billing, you are simply charged and average of your past 12 months use. • Each month your latest meter reading, representing your most recent electric use, is averages with your past 11 months use. Your next bill is then based upon that average. • Your bill will continue to show what your kilowatt hour use is, as well as what your payment would be with and without Levelized Billing. • True to its name, your bill will be levelized
A. Levelized Billing allows customers to pay approximately the same amount for electric service every month. For example, they pay a lower amount than their actual bill amount during the high-bill summer months, but are required to make it up with higher payments during the low-bill winter months. This creates manageable bills regardless of temperature, volatility of our fuel cost, and usage. Under this program, bills are essentially an average of the customer’s monthly utility costs over a 12-month period. Bills will vary slightly each month. The benefit of Levelized Billing is that fluctuations in bill amounts are averaged out over the year.
Levelized Billing makes your electric bills nearly predictable. Under Levelized Billing, each monthly bill is the rolling average of your electric usage for the most recent 12 months. For instance, this month’s bill would be the average electric usage of the previous 11 months, plus this month. Your electric bill will change only slightly from month to month, and the 12-month rolling average guards against drastic changes in your bill, even during the coldest and hottest months. The only time you have to reconcile your account is when you leave the Palmetto Electric system or when you decide you no longer want to participate in the Levelized Billing Plan. How Do I Qualify For Levelized Billing? You can participate in Levelized Billing if you meet the following simple requirements: You must be a co-op member for at least 12 months at the same service location. You must have an acceptable credit history. You must keep your Levelized Billing account current, zero monthly balance. The acco
A. The Levelized Billing Program is designed for the Customer whose monthly or seasonal electric bill varies widely between summer and the other seasons. If the monthly bills do not vary by a large amount from summer to the other seasons then the customer is not going to see any real advantage to being on levelized billing. The Levelized Program is available to any year around customer being served under any Rate Schedule who desires to take service under the conditions specified under the levelized billing contract. It is not applicable to temporary or seasonal services. The customer’s account must be current and must have at least twelve months of billing history to be able to be set up on the program.
