AVERAGE BILLING PLAN. The Average Billing Plan is designed to even out the highs and lows in a Customer’s electric invoice. For Customers that enroll, the invoice will be based on total billing cycle electricity charges for the most recent twelve (12) billing cycles divided by 12. This will be the amount Company bills Customer each billing cycle. If Customer does not have previous invoices in the Customer’s name at the service location, Company will take the previous usage that is available for the service location and apply the then-current price to calculate the average billing cycle charge. A final true-up will be made if the account is terminated or this Agreement expires, but such true-up will occur at least every twelve (12) billing cycles and be invoiced or credited on the next billing cycle. Any remaining account balance will be due in full upon such termination or expiration.
AVERAGE BILLING PLAN. The Average Billing Plan is designed to even out the highs and lows in your electric bill and is based on your current price plan and usage history at your service location. To calculate the amount that you will pay each month, we add your current bill amount to your previous 11 bill amounts for your service address, if available. We then take the total and divide the amount by 12 or by the total months available for your service address. If you do not have previous bills in your name at the service address or if you do not have 11 monthly bills at the service address, we take the previous usage that is available for the service address and apply your current price to calculate your average monthly payment amount. Finally, we add or subtract 1/12th of any Deferred Balance that you have accumulated. The Deferred Balance is any difference between your average monthly payment amount and your actual monthly charges. You may elect to have your account returned to regular billing; however, any variance in actual charges and average monthly payments will be immediately applied to your account and become due with your next regular bill. An account may be removed from the Average Billing Plan if, within the most recent 12 months, 2 or more service disconnection notices are issued, service is disconnected for non-payment, or two or more checks or other forms of payment are returned to Payless Power as unpaid by your financial institution. If your account is removed from the Average Billing Plan and returned to regular billing, any variance in actual charges and average monthly payments will be immediately applied to your account and become due with your next regular bill.
