Common use of Budget Billing Clause in Contracts

Budget Billing. Budget Billing is an optional payment program designed to provide predictable billing by equalizing payments over a period of time. Budget Billing is available for the XOOM Energy portion of your bill. Your monthly bill will reflect the actual amount of gas you use, the actual bill amount, and any deferred balance on your account. XOOM Energy will forecast your usage by reviewing your consumption history and calculate an average monthly payment amount. Your bill amount will be comprised of your monthly budget payment, all AGL charges, and any additional fees not related to your consumption which may include, but not be limited to, disconnect fees. Periodically under this option, XOOM Energy will review your account to determine if your Budget Billing payment is still appropriate. The amount of gas actually used is compared with the amount that was estimated to determine if an adjustment to your monthly payment is necessary. Your monthly bill amount may also be adjusted based on changes to your XOOM Energy rate. At the time of review, your new monthly Budget Billing payment will be adjusted for any variance, whether positive or negative, between what you have paid and your actual charges. This variance will be evenly distributed over the next Budget Billing plan period or until the next review. In the event that you choose to cancel your Budget Billing plan, your Agreement is cancelled or terminated, or your natural gas service is disconnected, your account will be reconciled and any variance between what you paid and your actual charges will be applied to your account and reflected on your next invoice. If this amount is a charge, payment for this variance, along with all other charges on your account, will be due on or before the due date of this invoice. Deposits: XOOM Energy does not deny service based on your credit score. However, you may have to provide an initial deposit before receiving natural gas service if you cannot demonstrate satisfactory credit. An initial deposit may also be required to continue to receive natural gas service, if you have been late paying your bill more than once during the last 12 months or your service has been disconnected for non-payment. You may be required to provide an additional deposit to continue to receive natural gas service if you have not paid all bills in a timely manner for a period of three months. If a deposit is required, the total amount of your deposit will not exceed $150.00. If you have paid all of your XOOM Energy bills in a timely manner, XOOM Energy will return your deposit for gas service held for a minimum of six (6) months.