What is the Levelized Budget Billing Plan?
The Levelized Budget Billing Plan is designed to eliminate extremely high or low bills that you may receive throughout the calendar year by providing a fixed amount due each month, with a "settle-up" month each April. The fixed payment amount shall be determined each April from a review of the member's previous 12-month usage.
How does it work?
In order to help avoid a large "settle-up" amount, GVEA will periodically review your account to compare actual bills with budget payments. The fixed monthly amount may be raised (or lowered) if the review reveals a variation of 10 percent or more over (or under) anticipated seasonally adjusted billings.
If the annual review in April reveals that a member has a balance (over/under), the balance will be added to (or subtracted from) the average monthly bill in 12 equal installments. Once enrolled, members will automatically be re-enrolled into the Levelized Budget Billing Plan each April.
How can I qualify for the Levelized Budget Billing Plan?
All residential members of GVEA who are current with their bills and have been a member for at least one year at the same service location are eligible to participate in the Levelized Budget Billing Plan.
For more information, please contact Member Services at 907-452-1151 or email@example.com