ABOUT LEVELIZED BILLING
Carroll EMC's 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 the12-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 if you leave the Carroll EMC system or if you decided you no longer want to participate in the levelized billing plan.
Levelized billing is a rotating average, so there is no settle up month (unlike budget billing). It will continue to rotate.
- Carroll EMC takes the average of the previous 12 months to determine the levelized amount. Each month that a new bill comes out, the average is recalculated.
- If the levelized amount is more than the actual bill, the amount over the billed amount will be put towards the Member's arrears as a credit.
- If the levelized amount is less than the actual bill, the difference will be added to the Member's arrears balance as an amount owed.
- As long as the Member is on levelized billing, they do not need to worry about the arrears.
- Once a Member is removed from the levelized billing plan, they can be set back up when they have a zero balance.
If you've lived in your current home for at least 12 months, have a traditional (not PrePay) account, have a favorable credit rating and have a zero balance on your account, you may qualify for Levelized Billing. It allows you to pay about the same amount each month -- making it easier to manage your energy budget. Smooth out the budget bumps of high summer and winter electric use by signing up now.
If you sign up for budget billing, you must understand the following:
- The Member's account must have a zero balance and preferably 12 months of history to be put on levelized billing.
- The amount of your levelized bill will appear on the monthly bill in the space designated "Total Amount Due."
- Your payment must be received in full by Carroll EMC by the due date each month.
- If your payment is not received by the due date, you may be removed from the program.
- Members on levelized billing should not pay ahead or before their account is billed. This could cause an adverse effect on the monthly balance calculation. Do not pay ahead without notifying Carroll EMC (this includes energy assistance).
- No arrangements are allowed when a Member is signed up for levelized billing. If an arrangement is needed, the Member must come off of levelized billing, and the total balance must be paid.
- You may withdraw from the program at any time.
There is no charge to be placed on levelized billing, and Members may return to regular billing at any time by notifying Carroll EMC and by paying the total amount due on the bill.