Thanks to budget billing. I signed up for budget billing about 2 months ago with my power company (Georgia Power). I hated getting to get those huge electric bills in the summer months when my electricity usage was 2-3 times higher than my winter usage. For those of you that don't live in or have never been to the deep South, summers here can be brutally hot and humid. I usually run my A/C around 75 in the summer because don't like the heat. I sweat really bad and if I am outside for too long, it looks like someone has thrown water on me.
This past month, my power bill was over $250 but I only had to pay $111 thanks to budget billing. Essentially, it works like this: The power company takes the average of your power bills from the last 12 months and this amount becomes the monthly amount due.
On your monthly bill, even though you only pay budget billing amount, they itemize your actual usage and the actual dollar amount of your bill for that month. They keep a running tally of how much you have accumulated over or under your average bill amount. At the end of 12 months, the shortage or overage is recalculated and your bill is adjusted higher or lower for the next 12 months.
I like know exactly what my power bill will be and it makes it alot easier to budget. For the next 10 months, I know exactly how much my power bill will be, no matter how much electricity I use. I have to be careful about using my electricity too freely because even though my bill will be the same for the next 10 months, I'll have to pay for those increases once my bill is recalculated.
Image Credit: Elsie esq.'s