Levelized Billing is Blue Ridge Electric Cooperative's method of making it easier to maintain your household budget. Similar to "Equalized Payment" plans that you may be familiar with, levelized billing differs in that there is no anniversary or catch-up month at the end of the annual cycle.
Here's how levelized billing works
Your current monthly statement, based upon your true energy consumption is added to the actual bills for the previous eleven months. This total is then combined with the cumulative debit or credit on your account. The account will show a debit if you have paid less than the average billing during the most recent twelve months or a credit if you have paid more. The sum of the twelve monthly statements plus or minus the cumulative debit is then divided by twelve to arrive at your levelized amount.
How Do I Qualify for Levelized Billing?
- You must be an active member for at least twelve months at the same location.
- You must have an acceptable credit history with no more than four delinquent notices over a consecutive twelve month period.
- You must keep your levelized billing account current.
- You must have a zero balance to activate your account for levelized billing.
If your budget will benefit from levelized billing, and you are interested to see if you qualify, please stop by one of our convenient office locations or call our Member Services Center at 1-800-240-3400.