National Grid "Balanced" Billing
I just bought a home and enrolled in National Grid’s “balanced” billing, whereby I am currently paying $200 for gas and in 4 months, my actual usage will be used to determine what I will pay for the next four months (once winter hits). Anybody have any insight/experience with the “balanced” billing. I feel like…
I just bought a home and enrolled in National Grid’s “balanced” billing, whereby I am currently paying $200 for gas and in 4 months, my actual usage will be used to determine what I will pay for the next four months (once winter hits). Anybody have any insight/experience with the “balanced” billing. I feel like National Grid is getting over b/c I am using nowhere near $200 in gas right now, and once the winter hits, they will be unwilling to lower my rate b/c…well…it will be winter. Any insight is much appreciated. Thanks!
You pay for your actual usage over the course of the year. Balanced billings just helps keep your monthly payments more stable, so you’re not paying a huge amount more per month in the winter than in the summer.
I pay $157 per month so at end of year I still have a credit which brings me into March.
K
>its, they will be unwilling to lower my rate
For a month or three you will pay more than you’ve used (Aug, Sep, Oct). In fall/winter you use MORE gas and a flat billing is to your advantage, as at the end of winter you’ve paid in much less than you’ve used; in effect you have an interest-free loan. As spring/summer rolls by you make up the difference and it all evens out.
I currently use balanced billing with national grid. its fairly calculated based on square footage, previous tenants historical usage, weather etc. I pay $51 a month. During the summer days I use approximately $35 of actual usage and during the winter months approximately $100. if your usage is consistently less than $200 they will adjust it accordingly. regardless at the end of the year you can have the money carried over or you can request a refund if their is a credit on your account. again, keep in mind weather is accounted for.
how big is your new home?