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Budget Billing

 

Budget Billing (or levelized billing) is available to members who wish to pay the same amount each month and not be surprised by higher summer or winter bills. We will estimate your monthly consumption based on a past year's usage. The amount of the level bill may be increased or decreased based on the actual usage varying substantially from the previous 12 months. Your account will be reviewed each May. The monthly bill amount will increase or decrease, depending upon your usage over the past year. If you owe a balance, that balance is factored into the adjustment and spread out over the next 12 monthly bills, rather than billed in one lump sum. Any credit balances on your account will be spread out in the same manner. In order to qualify for Boone Electric's Budget Billing program, a member must meet the following guidelines:

 

  • No more than three delinquent bills within the past 12 months.
  • No collections or disconnections within the past 24 months.
  • Check writing privileges with the cooperative.
  • Residence at current service location for 12 months with a good payment history.
  • Must have 50 percent change from low to high monthly usage during past 12 months.

 

You also can participate in budget automatic payments, meaning we can sign you up for both auto-pay and budget billing. Then, the same amount will be electronically transferred from your bank account or charged to your credit card every month.

 
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