how do i payhalf of excel energy bill online

So you are giving them a free savings account. They will not let you use your reserve to pay any payment even if the amount in reserve is very large. They will insist on keeping a reserve even if you over pay for many months. This adjustment will occur at least once a year if not every six months. Then they will adjust the rate to reflect your useage and raise the rate to a new higher amount (a lot higher) to make sure they have a reserve at year end. But the first amount the utility calculates will only last for 6 months or so. Well way back when we did this for our house in Arizona and it turned out to be a very bad deal for us. This is either a credit or a charge to your account.' After 11 months of payments, we use the 12th billing month to settle the difference between what you have paid and the energy you have used. This becomes your Averaged Monthly Payment amount. If you're in a new place, we'll work with you to establish an average amount. We calculate the average monthly energy cost at your premise based on your energy usage over the past 12 months. At no cost to you, we’ll take into account your energy costs, historical usage and seasonal fluctuations in energy use to give you a more predictable bill each month.

Does anybody else use a similar payment plan? If so, any drawbacks you've experienced?Īveraged Monthly Payment spreads your heating and cooling costs over the entire year.

I don't think that was a bad idea, but now I'm wondering if it wasn't a mistake for some reason. A few days ago, I switched to a plan offered by Xcel energy to pay our electricity and natural gas bill on an averaging plan described below, to make monthly budgeting a little easier.

How do i payhalf of excel energy bill online