Now may seem like a good time to sign up for a budget plan to avoid high bills in the future.
But how does that work?
National Grid’s budget plan is free, and the utility says it will even out the spikes you see in your bill – spreading the expense throughout the year.
National Grid formulates the bill by looking at your usage over the last year and dividing it by 12 months.
The actual usage is reviewed every six months and your budget may be adjusted at that time.
The 12th month of the budget plan is the “settlement month.” If you paid more than you actually used for the year, the month’s bill will be reduced to reflect your overcharge.
If you did not pay enough to cover usage for the year, you can choose to either pay the amount over the next 12 months, or pay it as one lump sum in the 12th month.
A budget plan is a good option for those who are on fixed incomes because they know there will not be any surprises.
The budget plan can be cancelled at any time.
National Grid says the best thing to do is consult them to decide whether the budget plan will work.
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