I. Objective:
To provide PEC's members a plan to avoid high seasonal billings by allowing an average payment amount in lieu of paying the actual current bill and to provide PEC’s member the option of having said average or actual bill automatically withdrawn from member’s financial institution.
II. Policy Content:
To establish a procedure to properly administer the Average Monthly Payment and Bills Electronically Transferred programs
III. Provisions:
A. Average Monthly Payment - Fixed (AMP-F)
This program is available to all PEC members who have retained electricity at the location for one year or longer. The average shall be calculated by taking the annual historical usage and dividing by twelve (12). This amount plus any estimated or actual demand will be applied to the appropriate PEC rate. The result will be the initial average monthly payment amount.
- The amount may be increased or decreased at any time by PEC if, in its view, the amount will result in an over or under recovery of the actual amount over a one-year period. Example of events which would bring about a recalculation in amount are:
a. A change in PEC's rate.
b. A change in the member’s usage. - All PEC changes in amounts will be provided in writing to the member at least ten (10) days in advance.
B. Average Monthly Payment - Variable (AMP-V)
This program is available to all PEC members who have retained electricity at the location for one year or longer. The average shall be calculated by taking the annual historical usage and dividing by twelve (12). This amount plus any estimated or actual demand will be applied to the appropriate PEC rate. The result will be the initial average monthly payment amount. This bill amount will be calculated and changed monthly using the most recent twelve (12) month average. Rate changes or changes in the Member’s usage may warrant an additional adjustment to the monthly bill amount. Member’s participating in PEC’s Variable Average Monthly Payment program will not receive written notification of the monthly changes to their bill amount.
The following provisions apply to members participating in either AMP-F or AMP-V:
- The plan may be terminated for the following reasons:
a. Termination of electric service by the member. The entire balance will become due immediately.
b. Nonpayment of electric bill or other violation of PEC's Terms & Conditions of Service. The entire balance must be paid prior to PEC restoring service.
c. The member may cancel by bringing his/her account to current status and have no balance outstanding.
d. PEC may terminate if the member fails to pay the average amount on a current basis.
- Accounts are subject to a late penalty if payments are made after the due date.
C. Bills Electronically Transferred (SureBET)
Members may elect to have either the actual monthly electric bill or average monthly electric bill (AMP) automatically deducted from their bank account.
- Actual Monthly Draft
a. The member allows PEC to electronically draft his/her financial institution on the due date of each month the amount stated on member’s electric bill. If the due date falls on a weekend or holiday, the draft will be posted to the
member's account on the next business day.
b. If the electronic draft is returned unpaid for two (2) or more times during a twelve (12) month period, PEC will have the option to terminate the program and require the member to bring his/her account current or be subject to PEC's rules for disconnection of service.
c. Any discrepancies or questions regarding the current electric bill should be resolved by the fifth (5th ) of the current month to allow sufficient time to process bill changes prior to draft.
- Average Monthly Payment (AMP) Draft
This program is calculated using the same method(s) as the "AMP" options listed above under III A. and III B. All the provisions applicable to the "AMP" are the same for this program with the following exceptions:
a. The member allows PEC to electronically draft his/her financial institution on the due date of each month the amount stated on member’s electric bill. If the due date falls on a weekend or holiday, the draft will be posted to the
member's account on the next business day.
b. PEC will pay interest on overpayments on an annual basis.
c. If the electronic draft is returned unpaid for two (2) or more times during a twelve (12) month period, PEC will have the option to terminate the program and require the member to bring his/her account current or be subject to PEC's rules for disconnection of service.
d. Any discrepancies or questions regarding the current electric bill should be resolved by the fifth (5th ) of the current month to allow sufficient time to process bill changes prior to draft
IV. Responsibility:
It will be the responsibility of the Director of Member Services to properly administer these provisions.
Approved by the Board of Trustees
- Effective Date: January 1, 1994
- Second Revision: June 30, 2009
- Third Revision: November 30, 2010
- Fourth Revision: February 26, 2019
- Fifth Revision: January 25, 2023