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Budget Billing

Budget Billing Makes Your Budget More Predictable

 

 

 

 

Smooth Out Higher Winter or Summer Electric Bills
 

Budget Billing letters are mailed to residential members after the May bills. To enroll, members sign and return the letter by July 1st. For the next eleven months, Budget accounts are billed at 1/11th the previoius year’s total used energy. The twelfth month, June, is the true-up month.When the weather warms up, everyone starts thinking about yard projects, vacations, and time at the lake. Before you break out the sunscreen and swim suits, you may want to take five minutes to consider next winter’senergy budget. Each year, many EMEC members smooth out their winter payments by signing up for Budget Billing.
 

Budgets for the program are based on each resident’s previous twelve months of used energy. That yearly energy total is divided by eleven and billed out over the next eleven months. The twelfth month, June of the following year, is the “truing up” month. Any used energy not already paid for  in the budget is billed that month. 
 

Budget Billing is most helpful for residents who haven’t moved recently, because a family can use very different amounts of energy from one home to the next. For this reason, the program is only available to residents who have lived in the same place for several months. 
 

For the same reason, Budget Billing at one residence can’t carry forward to the next location if the family moves during the budget year.
 

How do you sign up? Toward the end of May or in early June, Eastern Maine Electric’s billing department mails out Budget Billing letters to residential members. The letter tells each member how much budget payments would be for his or her account. 
 

To enroll in Budget Billing, members just have to sign and return the bottom of the Budget Billing letter.
 

The budget program is only available for residential accounts that are current when the new budgets begin in July. 
 

If a Co-op member falls behind on his or her budget payments, their account will revert to regular billing. 
 

Sometimes a Budget-Billed residence will have a substantial increase or decrease in used energy during the budget year. If that happens, the Co-op will recalculate the budget amount (upward or downward), and the member is mailed a letter with the new budget payment amount.
 

If you haven’t received your budget letter before the June bill, or if you have questions about the program, contact Eastern Maine Electric’s Billing Department by dialing 

(800) 696-7444 and pressing menu option 2. 

 

Requirements

Members must have lived at the same location for at least nine months. Accounts must be current before budget billing can begin. Letters with each member's budget amount will be mailed to all members in June. Simply sign and return the letter when you receive it. If you have not received your letter by June 15th, or if you have questions, please contact the Billing Department at EMEC's main address, at (207) 454-7555, menu option 2, or by email at billing@emec.com.

 

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