Results 1 to 12 of 12
  1. #1
    All-Star
    Points: 42,017, Level: 63
    Level completed: 29%, Points required for next Level: 933
    Overall activity: 1.0%
    Achievements:
    25000 Experience PointsVeteran
    BloodyBuddy's Avatar
    Join Date
    Mar 2012
    Posts
    1,624
    Points
    42,017
    Level
    63
    Thumbs Up
    Received: 115
    Given: 31

    Budget Billing-Utilities

    I just bought a house. The previous owners were on budget billing for Electric and Gas. I understand the benefit of having the same bill every month, from the peace of mind spectrum. Is this really worth it? Will I pay more over the course of the year if I am on budget billing? If my usage is below the years budget, do they credit you? If I go over the years budget, do I have to pay them back?


    Last edited by BloodyBuddy; 05-26-2012 at 06:34 AM.

  2. #2
    Pro
    Points: 64,198, Level: 78
    Level completed: 60%, Points required for next Level: 652
    Overall activity: 6.0%
    Achievements:
    Veteran50000 Experience Points
    Acylum's Avatar
    Join Date
    Nov 2006
    Location
    Parts Unknown
    Posts
    2,897
    Points
    64,198
    Level
    78
    Thumbs Up
    Received: 657
    Given: 1,635

    Re: Budget Billing-Utilities

    I've been using it for gas and electric for quite a few years and like it. If you get too far ahead or behind they will adjust your monthly amount. I don't think you'd be asked to come up with a large lump sum, they won't let it get to that point.


    I'd agree with you, but then we'd both be wrong.

  3. #3
    Pro
    Points: 41,354, Level: 62
    Level completed: 78%, Points required for next Level: 296
    Overall activity: 3.0%
    Achievements:
    Veteran25000 Experience Points
    CapnCy's Avatar
    Join Date
    Jul 2010
    Posts
    2,825
    Points
    41,354
    Level
    62
    Thumbs Up
    Received: 366
    Given: 220

    Re:Budget Billing-Utilities

    Mine adjusts as we go. So, over the winter I may be paying $50 a month but actually using $120 in gas, but it catches back up with itself over the low gas months in the summer. Now, if we moved in Feb and we were behind, we'd then pay to zero it out.

    I like it from a budget perspective. My amount has changed a couple times, but only by about $10 a month (my house set empty a couple months before we moved in, etc).



  4. #4
    All-Star
    Points: 44,835, Level: 65
    Level completed: 45%, Points required for next Level: 715
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points
    Let's Go State's Avatar
    Join Date
    Nov 2007
    Location
    Far Western Iowa
    Posts
    1,846
    Points
    44,835
    Level
    65
    Thumbs Up
    Received: 1
    Given: 1

    Re: Budget Billing-Utilities

    I do it and it's brilliant. Much smaller adjustments.



  5. #5
    Speechless
    Points: 788,894, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 41.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience PointsOverdrive
    Cyclonepride's Avatar
    Join Date
    Apr 2006
    Location
    A pineapple under the sea
    Posts
    54,226
    Points
    788,894
    Level
    100
    Thumbs Up
    Received: 5,708
    Given: 2,549

    Re:Budget Billing-Utilities

    You'll pay the same. It makes sense for knowing your payment and having it consistent.



  6. #6
    Pro
    Points: 64,198, Level: 78
    Level completed: 60%, Points required for next Level: 652
    Overall activity: 6.0%
    Achievements:
    Veteran50000 Experience Points
    Acylum's Avatar
    Join Date
    Nov 2006
    Location
    Parts Unknown
    Posts
    2,897
    Points
    64,198
    Level
    78
    Thumbs Up
    Received: 657
    Given: 1,635

    Re: Budget Billing-Utilities

    I came out of this past winter with a positive balance on my gas bill. That has never happened before. So my budget billing amount was lowered $15/mo in April.


    I'd agree with you, but then we'd both be wrong.

  7. #7
    All-Star
    Points: 42,017, Level: 63
    Level completed: 29%, Points required for next Level: 933
    Overall activity: 1.0%
    Achievements:
    25000 Experience PointsVeteran
    BloodyBuddy's Avatar
    Join Date
    Mar 2012
    Posts
    1,624
    Points
    42,017
    Level
    63
    Thumbs Up
    Received: 115
    Given: 31

    Re: Budget Billing-Utilities

    Doesn't sound like there are any draw backs.



  8. #8
    Starter
    Points: 12,428, Level: 33
    Level completed: 69%, Points required for next Level: 222
    Overall activity: 1.0%
    Achievements:
    10000 Experience PointsVeteran
    leroycyclone's Avatar
    Join Date
    Jan 2010
    Location
    Boulder, CO
    Posts
    854
    Points
    12,428
    Level
    33
    Thumbs Up
    Received: 19
    Given: 3

    Re: Budget Billing-Utilities

    Quote Originally Posted by Cyclonepride View Post
    You'll pay the same. It makes sense for knowing your payment and having it consistent.
    Chicago suburban utilities use estimated meter readings on an every other month basis.

    Gas: estimated usages in late winter and early spring raise the bill, which is bad. You are paying in advance. Over the summer, with low usage, your bill will be small, which is good.

    Electric: estimated usages in late fall, winter and spring raise the bill, which is bad. You are paying in advance. Over the winter, with lower usages, your bill will go down, which is good.

    The utilities claim the estimation system is needed to even out monthly revenues. That's their way of justifying the pay in advance estimated bills.

    Budgetting would eliminate these practices.



  9. #9
    Pro
    Points: 30,944, Level: 54
    Level completed: 9%, Points required for next Level: 1,006
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points
    CyPride's Avatar
    Join Date
    Oct 2008
    Posts
    2,542
    Points
    30,944
    Level
    54
    Thumbs Up
    Received: 2
    Given: 10

    Re: Budget Billing-Utilities

    it's a way for the utility companies to get you to use more juice - i.e. comfort level, who cares if it is xtra hot, or xtra cold, it will all be the same. just pay as you go.


    “The American people will never knowingly adopt socialism, but under the name of liberalism they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened.”
    – Norman Thomas, American socialist and six-time presidential candidate for the Socialist Party of America

  10. #10
    Addict
    Points: 88,720, Level: 92
    Level completed: 67%, Points required for next Level: 630
    Overall activity: 4.0%
    Achievements:
    SocialVeteran50000 Experience Points

    Join Date
    Apr 2006
    Location
    Hudson, Iowa
    Posts
    8,213
    Points
    88,720
    Level
    92
    Thumbs Up
    Received: 74
    Given: 101

    Re: Budget Billing-Utilities

    I don't like the concept because you it hides if you are wasting energy. If you have a house too hot in the winter, you'll see it in a regular bill and can adjust your temperature down whereas with budget billing it's harder to pick up on that.

    I understand the whole even budget issue, but to me that's more a matter of self dicipline and anticipating different seasons bills.



  11. #11
    Pro
    Points: 22,232, Level: 45
    Level completed: 65%, Points required for next Level: 318
    Overall activity: 3.0%
    Achievements:
    10000 Experience PointsVeteran
    Three4Cy's Avatar
    Join Date
    Jan 2010
    Location
    West Des Moines
    Posts
    2,036
    Points
    22,232
    Level
    45
    Thumbs Up
    Received: 65
    Given: 62

    Re: Budget Billing-Utilities

    Before you go on budget billing, ask the utility company for a history of the previous owners usage, then compare your usage for the same month and determine the difference. Granted, if the weather was drastically different, it will be difficult to tell, but at least you'll have an idea of how much energy the previous owner used.



  12. #12
    Hall-Of-Famer
    Points: 67,593, Level: 80
    Level completed: 72%, Points required for next Level: 457
    Overall activity: 13.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Goothrey's Avatar
    Join Date
    May 2009
    Location
    Austin, Tx
    Posts
    3,802
    Points
    67,593
    Level
    80
    Thumbs Up
    Received: 358
    Given: 102

    Re: Budget Billing-Utilities

    I am sure you pay more than if you are charged for your monthly usage. The bill is more in your control.


    Rip 'n Shred - Shred 'n Rip

    Check out my ratings site!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Cyclones.TV
  • FOOTBALL: Iowa State vs. UNI
  • September 5, 2015
  • 07:00 PM