Budget Billing
In Budget Billing, CIS provides Customers with levelized billing each month.
Following are the salient features of Budget Billing:
- It is available for both Residential and Commercial Customers.
- It is available for both Single ESI ID and Multiple ESI ID invoicing. If Customer has Multiple ESI IDs, all ESI IDs are included in the Budget Billed Amount.
- The Budget Billing Calculator Tool provides the user means to calculate the
Monthly Budgeted amount. This tool uses the last 12 months of historical usage and/or
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market data if available in the market database. Otherwise, if data is not available, the Client can input data in the User Interface. - The system bills the actual monthly
kWh
received in the867
, but the Invoice Amount Due is the Budget Billing Amount set for the Customer. - Actual Reads billed each month is applied with taxes.
- True-Up occurs based on Customer configuration or upon receipt of a final read,
whichever occurs first. It can be done Annually, Quarterly and Semi-annually.
- True-Up invoices are billed at actual charges plus the Budget Billed balance.
- You can force a True-Up for a Customer upon demand.
- AR Summary Information includes the Budget Billed Amount, and not the actual charges.
- Customer may be removed from Budget Billing upon demand. Upon removal from Budget Billing, the True-Up Process occurs at Customer’s next billing.
The topics below discuss Budget Billing in detail.