While budget billing may seem to be a great idea to help you with your Take a look at whether or not you will be charged extra if you use more power than they planned.
If you do sign up for budget billing, you may be tempted to simply pay your bill each month and stop worrying about it altogether. If you are vision-impaired or have some other disability under the Americans with Disabilities Act or a similar law, and you wish to discuss potential accommodations related to shopping or ordering on or using the benefits of our website, please contact Alliant Energy at 1-800-ALLIANT (800-255-4268).
To determine this amount, the company will add up the amount you spend last year on that particular utility, then divide that number by 12, assuming that your usage will generally stay the same. Approximately every six months, we look at your Budget Billing account to see whether your bill needs adjusting. Gov. If you have used more energy than you paid for, you can expect your bill to go up. Participants are required to pay their budget amount in full every month, or they may be removed from the Monthly budget amounts will be reviewed every six months. Consider the contract that you are signing. To authorize third-party access to billing and usage history information associated with your MidAmerican Energy account(s), complete the billing and usage history authorization form . During the low energy usage periods of the year, usually the spring and fall, you’ll be paying more for your monthly bill than you’ll be using. She is also a freelance writer and business consultant. This plan allows you to pay in equal monthly installments, so you know ahead of time how much to budget for your utility bills. Get the most out of your Alliant Energy service. By using The Balance, you accept our Budget effectively with no surprises! Many features on this site require them to be enabled. Your Budget Billing amount will be estimated—or you can wait to establish a usage history before enrolling. They likely aren't saving you any money and is not something that should require a high monthly fee.
You can tell the customer service representative that you need to talk it over with your partner and ask them to send you a copy of the terms and conditions and that you will call back if you choose to sign up for it. For example, you may need to pay extra if you move or if you have used more power than you have already paid for. If you live in Iowa, Budget Billing is open to residential, rural or small non-residential customers whose consumption is less than 3,000 kWh/month (electric) and/or less than 250 therms/month (gas).
Usually, this overage amount will be due at the end of the year without any notice. Many people will sign up for budget billing over the phone, but it's important to not verbally agree to budget billing without first seeing the terms in writing.
Enroll in My Account. Find Out What Happens If the Company Estimates Incorrectly Make Your Decision Carefully and Monitor Your Bill Learn How to Budget for Bills That Change Each MonthHow to Negotiate Lower Rates on Common Monthly ExpensesSolutions for Having Too Much Month at the End of Your MoneyThe 6 Things You Should Do to Prepare for a Credit CardYour Utility Bills Play an Increasingly Important Role in Your Credit Our Welcome Book includes important contact and safety information, along with energy services and payment options.My Account is your key to helpful tools and programs – like Automatic Payment and Paperless Billing. The budget bill amount is reviewed and adjusted, up or down, every six months. Once enrolled in My Account, check out all of your options:It doesn't take a lot to save a lot. As with any contract, it's important that you fully understand what you are signing up for. This will help you to budget without spending money on administration fees. So, if you do decide to sign up for budget billing, check to see if you'll owe money if you go over.
We determine your budget bill amount based on projected energy prices and the cost of the previous 24 months of usage at your home or business. Once completed and on file with MidAmerican Energy, the customer-authorized third-party can receive account information or transact business with MidAmerican Energy on your behalf. My Account is your key to helpful tools and programs ... Budget Billing averages your energy cost for the past 12 months and sets your bill to the same monthly amount . You can even budget the amount they suggested.
Think about doing this yourself, without the charge, the contract, and the hassle.
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