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To even out the seasonal peaks and valleys of your monthly bill,
REMC offers two different budget payment plans.
Under the fixed payment plan, your REMC will bill you in eleven
monthly installments equal to the average of your past monthly kilowatt
usage. During the twelfth month, any credit or amount due will be
reconciled. During month twelve, your budget amount may be adjusted
to more accurately reflect your actual usage.
When a given year is hotter and/or colder than normal, or when other
factors change the kilowatt hour usage in your home, this plan may
result in a higher-than-expected bill in the twelfth settlement
month.
If you prefer NOT to have a twelfth settlement month, your REMC
offers a variable payment budget plan. This plan is called variable
because it “floats” up or down slightly to compensate
for changing climatic conditions. To determine your monthly rate,
the variable plan averages the past 11 month’s kilowatt usage
plus the current month to determine your actual payment amount.
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