- What is Budget Billing?
- Why might Budget Billing be better for me than just paying Minnesota Energy Resources for what I use each month?
- How does Budget Billing work?
- What if I paid too much?
- What if I paid too little?
- Does the budget amount ever change?
- Can I go on Budget Billing at any time?
- Are there any requirements?
- Do you offer any other programs that could make paying my natural gas bill easier?
If your question is not answered here, or if you'd like more information, please contact us.
- What is Budget Billing?
- With Budget Billing, we review your past energy use, estimate your total energy costs for the next year, and then simply bill you for 1/12th of that amount each month. This budget amount is reviewed every six months, to ensure your budget amount remains accurate. At that time, your budget amount could increase or decrease based on your actual gas consumption.
- Why might Budget Billing be better for me than just paying Minnesota Energy Resources for what I use each month?
- Budget Billing spreads your energy charges out evenly over the entire year, helping you better manage your energy bills. No matter what the weather is like, you know you'll pay about the same amount every month.
- How does Budget Billing work?
- The budget year begins with your first bill after joining the plan. You pay equal amounts until your Budget Billing anniversary, which is your twelfth month on the plan. At this time we settle up for any difference between what you paid and the actual costs of the energy you used.
- What if I paid too much?
- It's simple. If you paid too much, the difference will be applied as a credit to your bill at the end of the Budget Billing year.
- What if I paid too little?
- If you paid too little, you can pay the difference outright or have Minnesota Energy Resources spread the balance over the new Budget Billing year.
- Does the budget amount ever change?
- Yes, occasionally. Your account is reviewed periodically because there are several reasons why your budget amount may go up or down. Besides rate changes and unusual weather, lifestyle changes like a new baby in the home can increase usage. Also, adding or removing equipment such as a swimming pool or hot tub could make a difference.
- Are there any requirements?
- Since Budget Billing is a service to you, we appreciate prompt payment. If your monthly bills are not paid on time, you may incur late payment charges, and it may become necessary to remove you from the plan.
- Do you offer any other programs that could make paying my natural gas bill easier?
- Yes, we do. Automatic Payment provides the ability for your payments to be made directly from your checking or savings account by your financial institution, and is very popular with Budget Billing customers. By combining the two programs, you have about the same payment made automatically at the same time of every month.