Budget billing is another value-added service that Cape Hatteras Electric Cooperative is pleased to offer to our members. To qualify, you must have 12 months prior service in your name, with good payment history at the location of the account requesting budget billing.
Customers who subscribe and qualify for the program, will receive a bill for the same amount for the next twelve months. Each month your bill will itemize your actual usage, the budget bill payment amount and your actual electric balance due.
After 12 months, your active budget billing account is analyzed and the shortage or overpayment is taken into account and spread over the budget billing monthly amount for the next 12 months.
Should you decide to terminate the budget billing option and return to normal billing, you may do so by calling our office. Any excess payments will be applied to your existing electric account or bill shortages will be collected at the time you return to normal billing. If your summer or winter bills are much higher than other months, budget billing may help relieve the strain on your checkbook during these times.
Other terms and conditions apply for budget billing qualification. Please call our office at (800) 454-5616 or (252) 995-5616, if you would like us to calculate your budget billing estimate.