Budget Billing
The Budget Billing Program is designed to provide members with equal monthly payments that will make it easier to plan household budgets. Any residential member in good standing with GCEA and who has had 12 months continuous service is eligible for the program.
How Does Budget Billing work?
The program cycle begins in July of each year and continues through June of the following year. Your payment amount is based on your electric usage during the previous 12 months. Beginning in July, you will be billed in equal amounts for the next 11 months. In June, which is the last month of the Budget Billing cycle, we will reconcile your account. This is when we calculate cost of your actual usage for the year and then we subtract the amount you paid from that cost. If the balance is positive, we will bill you for the difference. If the balance is negative, we will credit the balance to your account. The Budget Billing cycle starts all over again in July.
What are the Benefits of Budget Billing?
The purpose of Budget Billing is to help you plan ahead for your household budget by leveling out your monthly energy bill throughout the year. Because you use less energy during the warmer spring, summer, and fall months, you build up credit to carry you through the higher use winter months. But you should keep in mind, that if there are any variables in your electric usage, such as new electrical appliances or extreme weather conditions, you may want to adjust your monthly payment amount to help cover these costs. If you experience a lifestyle change, GCEA’s Billing Department can adjust your monthly payment amount any time during the year. Just give us a call at 1-800-726-3523 or email us at billing@gcea.coop and we will be happy to assist you.