Yes, we currently have three plans:
- Automatic Payment option — This plan is an agreement between VEA and the member authorizing the co-op to automatically deduct your payment from a bank account. The member will still receive a statement from VEA explaining how much power was used and the amount the account was billed for that month.
- Budget Payment option — This plan is offered to residential members and allows them to pay the same amount each month. The member must have lived at their present address for the past 12 months. The member will arrange with the co-op to pay the same dollar amount each month based on previous power use. This plan can be used along with the Automatic Payment Plan, making it easy for members to pay their bills.
- Pre-paid Metering option — Pre-paid metering offers the members an alternative to a normal monthly billing statement. While a credit reference and deposit are not required, members must establish a pre-paid metering account with an initial credit of $50. Instead of receiving a paper bill each month, member energy usage is calculated and billed daily against a self-managed credit balance on their account. When the credit balance runs out, the meter automatically disconnects power. In order to restore the service automatically the member needs to have a $25.00 credit balance on their account. However, Pre-Paid Metering accounts will not be charged disconnect or reconnect fees. Once a credit balance is restored to a Pre-Paid Metering account, the power will be automatically turned back on within minutes.