If you are a residential member and don't like surprises, we may have the perfect plan for you. Levelized Billing lets you forecast future electric bills!
With Levelized Billing, you will know what to expect on your electric bill because the amount will be approximately the same month after month, even throughout peak cooling and heating periods. It does not reduce your electric bill, but will smooth out your charges and help you manage your account.
With Levelized Billing Plan, your electric bill is calculated by adding your current month revenue plus your previous 11 months total revenue and dividing that by 12. This becomes your current monthly average amount. It then compares the new monthly average amount to the actual account balance. Any deficit or credit is added or credited to the monthly average as 1/12th of the balance.
The eligibility of the Levelized Billing Program is based upon the Arkansas Public Service Commission's General Service Rules. Any time your account is not paid by the bill due date on your statement, the account becomes delinquent and we have the right to remove your account from this plan. If your account is removed from the Levelized Billing Program, you are not eligible to reapply to the program for 12 months from date of removal.
There is no charge for using the Levelized Billing Plan. This is a service we provide to our members to make it easier to budget their electric bills. Enjoy the peace of mind that comes from planning ahead.
For more information on how to sign up for levelized billing, contact our office by calling toll free 1-877-252-4538 or simply fill out the application, print and mail to:
Ouachita Electric Cooperative Corporation
PO Box 877
Camden, AR 71711-0877