Balanced Payment Plan

Balance Your Power with the Balanced Payment Plan!

The BALANCED PAYMENT PLAN (Budget Billing) is offered to residential members and allows them to pay the same amount each month. How?

VEA residential consumers arrange with the co-op to pay the same dollar amount each month based on previous power use.

For those consumers that would like to be a part of this plan, this is how it works:

1. An average of the consumer’s power use over the previous 12 months is calculated. Using the 12-month billing history as a guide, VEA then estimates what the consumer’s bill will be for the next 12 months.
2. The estimate is then divided into 11 equal payments, which are billed during the regular billing cycle. The twelfth month is then used to balance any shortfall of money to either the consumer or VEA.

It’s as easy as that!

Benefits:

• Most of us have higher bills in the winter and summer and smaller bills in the fall and spring. The BALANCED PAYMENT PLAN allows you to balance your bill throughout the year.
• Your monthly payment is the same and easier to manage.
• You can be on the BALANCED PAYMENT PLAN and the Automatic Payment Plan at the same time, making it even easier!
• No more guessing what your bill will be for the month.
• Adjustments are made at the end of 12 months.
• You can cancel anytime.

Requirements:

• Members must have lived at their present address for the past 12 months.
• A member must not have been disconnected for nonpayment during the last 24 months.
• A member cannot have received a late notice within the past 12 months.
• Members may enter the balanced payment plan at the beginning of any monthly billing period.

**Depending on power use, adjustments may be made by the co-op at any time to the account to more accurately reflect average monthly power use.

If you would like to sign up for this program please contact the VEA office at 775-727-5312.

See also the Automatic Payment Plan option