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In This Section
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Budget Billing
Budget Billing Budget billing is another service that Cape Hatteras Electric Cooperative is pleased to provide as a customer-owned cooperative business. You must have 12 months prior service in your name, with good payment history, at the location of the account requesting budget billing. Beginning with the November 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. Each October 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, beginning with November of the current year. Should you decide to terminate the budget billing option and return to normal billing, you may do so by calling the CHEC 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 the CHEC office, 800-454-5616 or 252-995-5616, if you would like for us to calculate your budget billing amount for the next year. |
