And an unpredictable monthly payment can make it challenging to plan and stick to a budget.
And around $538 to $613 when you add in phone, internet and streaming services.
How Does Budget Billing Work?
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Most utility companiesbase the budget billing payment on average energy usage over the past year.
You should definitely still keep a close eye on your energy usage though, especially during the first year.
Did you know?
Energy companies often adjust payments quarterly after reviewing actual usage patterns.
Can Levelized Billing Help You Save Money?
Anytime you could smooth out expenses, it makes them easier to predict and plan for.
But dont expect smooth sailing right away.
Your payment may still fluctuate at first.
Is Budget Billing Right for Me?
Even if budget billing doesnt save money on your energy bills, some benefits make it worth considering.
The benefits are the ability to plan out your expenses and budget more effectively, Doe says.
Doe also cautions homeowners consideringenergy efficient improvementsto be wary when starting monthly budget billing.
Be aware that leveling your utility bills can have hidden impacts on your usage.
When your bill is always the same, higher energy consumption can creep up on you.
Bertman says this drawback of budget billing can also be a benefit.
Which Utility Companies Offer Budget Billing?
We cant create an exhaustive list of every utility or electric company that offers budget billing.
Think of it as asinking fundof sorts but for utilities.
Like investing in a smart thermostat or asking your service provider or local government for a free energy audit.
Kaz Weida is a senior writer for The Penny Hoarder.
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