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Budget Billing is a program where Randolph EMC calculates how
much electricity a member has used for the previous year. Assuming the
member will use that same amount of electricity for the coming year,
Randolph EMC divides the total kilo-Watt hours (kWh) used for the year
and its cost, into 12 equal payments. The member then pays that equal
amount each month for next 11 months, regardless of what they use. The
12th month is called the "catch up" month. If a member has paid too much
during the previous 11 months a check is written out to repay them.
If they have paid too little, the member pays the remaining balance to
bring his/her account balance to zero. The Budget Billing Program starts
each June. Bank Draft and Budget Billing are two separate programs.
Members can choose either one, or both, if they desire.
For more information about the Budget Billing program
call Randolph EMC for details Toll Free at 1.800.672.8212 or
email General.Randolph@RandolphEMC.com
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