budget billing
Averaged monthly payments
Budget billing is a payment arrangement offered by utility companies that spreads annual costs into equal monthly installments.
Instead of bills that spike in summer or winter due to heating and cooling, customers pay the same amount year-round: We signed up for budget billing so our electric bill wouldn't jump to three hundred dollars in August.
The utility periodically adjusts the amount based on actual usage.
- payment planArranged installment schedule
- utilityFunctional worth or purpose
- monthlyOccurring each lunar cycle
- power companyElectricity distribution business
- averageArithmetic mean or ordinary
flat rate · installment · gas company · meter · autopay · bank account · predictable · balance · account · statement · due date · pay day · energy · consumption · winter · summer · equalized · fixed