Budget Billing
The City of Lake Crystal Budget Billing Plan is designed to provide you with predictability and convenience in managing your energy expenses throughout the year. Instead of fluctuating monthly bills based on seasonal changes in energy usage, this plan allows you to pay a consistent amount each month, making it easier to budget and plan your finances.
Key Benefits:
- Predictable Payments: You'll know exactly how much your energy bill will be each month, helping you budget more effectively.
- Avoid Seasonal Spikes: Budget Billing spreads out your annual energy costs evenly, so you won't experience high bills during peak usage months.
- Convenience: Simplify your financial planning with one fixed monthly payment for your energy usage.
Eligibility:
- To enroll in our Budget Billing Plan, your account must be current and up to date.
- You must make the budget payment amount monthly, even if it results in a credit balance as those dollars are meant to offset your higher bills in the winter
- If you miss your budget payment, you will be taken off the budget plan
- Failure to make payments on the due date will result in a penalty and possible shut-off
- Service must be established for at least one year.
How It Works:
- We calculate your monthly budget payment based on your historical energy usage or other relevant factors.
- Each month, you'll pay this fixed budgeted amount, even if it results in a credit balance during lower usage months.
- At the end of each budget period, we'll reconcile your actual energy usage with the total payments made. Any overpayments or underpayments will be adjusted accordingly.
- When a final bill is generated, the actual balance becomes due.