Budget Billing definition

Budget Billing means an arrangement whereby Supplier, rather than invoicing and collecting monthly charges from a customer equal to actual monthly metered usage multiplied by the Contract Price, instead invoices and collects an equal amount each month, which equal monthly amount is derived by multiplying estimated total usage over the contract term by the Contract Price, and then dividing that total amount by the number of months in the contract term. Customer shall pay for actual usage via an annual true-up as described in Section 5.5 in Appendix A – Master Performance Agreement.
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Budget Billing means an arrangement whereby Supplier, rather than invoicing and collecting monthly charges from a customer equal to actual monthly metered usage multiplied by the Contract Price, instead invoices and collects an equal amount each month, which equal monthly amount is derived by multiplying estimated total usage over the contract term by the Contract Price, and then dividing that total amount by the number of months in the contract term. Customer shall pay for actual usage via an annual true-up as described in Section 5.5.
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Budget Billing means an equal payment arrangement between a
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Examples of Budget Billing in a sentence

  • Failure to pay your monthly bill on or before the stated due date may result in Constellation’s cancellation of your participation in Budget Billing.

  • Customer may opt-out of Budget Billing by 1) paying the full balance due and 2) providing Constellation with notice of your desire to be removed from Budget Billing.

  • Budget Billing does not affect your obligation to pay for all actual usage and other associated charges taxes and fees.

  • Constellation will credit Customer’s account for any over-billed amount and will include any under-billed amount in the new Budget Billing amount.

  • At least every twelve (12) months, Constellation will reconcile Customer’s account and calculate a new Budget Billing amount accordingly.

  • At least every twelve(12) months, Constellation will reconcile Customer’s account and calculate a new Budget Billing amount accordingly.

  • Budget Billing is available for the XOOM Energy portion of your bill.

  • 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.

  • Periodically under this option, XOOM Energy will review your account to determine if your Budget Billing payment is still appropriate.

  • This variance will be evenly distributed over the next Budget Billing plan period or until the next review.


More Definitions of Budget Billing

Budget Billing refers to averaging annual energy costs over the previous 12 months to determine a monthly payment amount and is re-balanced every three months, adjusting the xxxx up or down based on the previous four months’ usage.
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Related to Budget Billing

  • Budget month means the calendar month from which nonfinancial and financial information is used to determine eligibility (see section (28) of this rule) and benefit level for the payment month (see section (50) of this rule).

  • Budget Act means an act containing appropriations which form a portion of the state's annual budget.

  • Medicare cost report means CMS-2552-10, the cost report for electronic filing of

  • Balance billing means charging or collecting an amount in excess of the Medicaid, Medicare, or contracted reimbursement rate for services covered under a Medicaid, Medicare or employer sponsored beneficiary’s plan. “Balance Billing” does not include charging or collecting deductibles or copayments and coinsurance required by the beneficiary’s plan.

  • Managed Care Plans means all health maintenance organizations, preferred provider organizations, individual practice associations, competitive medical plans and similar arrangements.

  • Budget Year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Budget Period means the fiscal period for which a budget is prepared.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Routine patient care costs means Covered Medical Expenses which are typically provided absent a clinical trial and not otherwise excluded under the Policy. Routine patient care costs do not include:

  • Managed care plan means a health benefit plan that either requires a covered person to use, or

  • Social Engineering Security Procedures means security procedures intended to prevent Social Engineering Fraud as set forth in the Application and/or as otherwise provided in writing to the Underwriter.

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • Pre-commissioning means the testing, checking, and any other required activity that may be specified in the Technical Requirements that are to be carried out by the Supplier in preparation for Commissioning of the System as provided in GCC Clause 26 (Installation).

  • ERCOT Protocols means the document adopted by ERCOT, including any attachments or exhibits referenced in that document, as amended from time to time, that contains the scheduling, operating, planning, reliability, and Settlement (including Customer registration) policies, rules, guidelines, procedures, standards, and criteria of ERCOT. For the purposes of determining responsibilities and rights at a given time, the ERCOT Protocols, as amended in accordance with the change procedure(s) described in the ERCOT Protocols, in effect at the time of the performance or non-performance of an action, shall govern with respect to that action.

  • service delivery and budget implementation plan means a detailed plan approved by the mayor of a municipality in terms of section 53(1) (c) (ii) for implementing the municipality’s delivery of municipal services and its annual budget.

  • Basic Comprehensive User Guide means the Ministry document titled Basic Comprehensive Certificates of Approval (Air) User Guide” dated April 2004 as amended.

  • Routine care means medical care which is not urgent or emergent in nature and can wait for a regularly scheduled physician appointment without risk of permanent damage to the patient’s life or health status. The condition requiring routine care is not likely to substantially worsen without immediate clinical intervention.

  • Direct care worker means a paid individual who provides direct, personal care services to persons with disabilities or the elderly requiring long-term care (see also the definition of long-term care worker, which includes direct care workers).

  • Utilization review plan or "plan" means a written procedure for performing review.

  • Health Plans means any and all individual and family health and hospitalization insurance and/or self-insurance plans, medical reimbursement plans, prescription drug plans, dental plans and other health and/or wellness plans.

  • CREFC® Operating Statement Analysis Report The monthly report in the “Operating Statement Analysis Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Managed care means a system that provides the coordinated delivery of services and supports that are necessary and appropriate, delivered in the least restrictive settings and in the least intrusive manner. Managed care seeks to balance three factors: achieving high-quality outcomes for participants, coordinating access, and containing costs.

  • Prescription drug means any drug required by federal law or regulation to be dispensed only

  • Billing involves the provision of appropriate usage data by one Telecommunications Carrier to another to facilitate Customer Billing with attendant acknowledgments and status reports. It also involves the exchange of information between Telecommunications Carriers to process claims and adjustments.