Levelized Billing

Most folks would agree that it’s easier to budget for something when you know what to expect. However, electric bills, due to the heating and cooling of homes, are prone to fluctuation and consequently are somewhat unpredictable.

Well, if that fluctuation is something you could do without, New-Mac offers a payment option which evens out the peaks and valleys of energy use. Through a process called Levelized Billing, each month your bill is based on an average of your electric bills over the previous 12 months.

Levelized Billing consists of 11 equal payments and one

adjustment payment per year. Since household usage typically varies from year to year (due to weather, improvements, additions, etc.), the twelfth payment is used to make up the difference between the estimated and actual usage.

Most residential members with a good credit history are eligible for this program. Participants also must have at least 12 months of billing history at the location to be put on Levelized Billing.

For more information on Levelized Billing, call the billing department at 417-451-1515 or 800-322-3849. If you would like to go ahead and get started, fill out the online agreement below and a billing clerk will contact you to let you know the amount of your levelized payments.

To get started with Levelized Billing, provide the following information and hit "submit".

 

ONLINE LEVELIZED BILLING AGREEMENT

This Levelized Billing agreement is between New-Mac Electric Cooperative, Inc., of Neosho Missouri, and :
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Levelized Billing consists of eleven equal payments and one adjustment payment per year. The amount of the twelfth payment will be adjusted according to the meter reading secured by New-Mac Electric Cooperative, Inc., at the end of a one-year period. Should you have a credit balance, no payment will be required for that month. Should an underpayment occur, you will be billed accordingly.

Levelized payments will be based on your anticipated usage and applied to the rate proposed for the next twelve-month period.

This is to request Levelized Billing at the above location upon the following terms:

2. Payment to consist of eleven equal payments and one payment adjusted according to secured meter reading. You will be notified by the billing department of your monthly payment amount.

3. All payments must be accompanied with your bill.

4. Term of agreement will be one year and renewable on or before anniversary.

5. Payments need to be in our office no later than the last day of the month.

6. Should your account become delinquent more than three times in a twelve-month period or become more than one-month delinquent, this contract will be void.