![]() This can be particularly difficult to manage if your balance is quite high. Should this happen, your entire account balance will become due. Your retailer may cancel your budget payment plan if you miss one or more budget payment(s). Budget plan amounts still have to be paid monthly even when you have a credit balance. Some budget payment plans let you build credit over the summer and then use this credit in the winter when your actual energy charges may be higher than your budget amount. If you're planning to pay more or less than your requested budget amount, make sure to call your retailer. Always pay the amount listed on your statement and watch your account balance as of billing or actual account balance. The amount you pay is not optional, and must be made consistently each month. Retailers offer the budget plan as a courtesy to help customers manage monthly expenses. Your retailer may not be able to offer you a budget payment plan until they have several months of billing to determine an appropriate average to charge you. Forecasted gas and/or electricity prices for the next 12-month period.Average distribution charges for the past year.Previous average energy usage based on daily, monthly or annual consumption.How retailers calculate budget payment plans The stability of a fixed monthly payment amount can help ease the financial strain of high-cost months. If you paid less than your actual costs, that balance will be added to your next bill. If you paid more than your actual costs, you will receive a credit. Under these plans, energy costs are averaged over 12 months and you're billed an equal amount every month.Īt the end of your budget year, you will receive a settle-up bill that compares your actual charges to the payments you've made. Many retailers offer budget payment or equalized payment plans. You may choose to pay each bill as it comes in, sign up for authorized payments to be withdrawn from your bank account or set up a budget plan to even out payments over the course of the year. When it comes to electricity and natural gas utility bills, there are several payment options available to Alberta’s residential, small business and farm consumers.
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