Strange Monthly Equal Payment
Financial Management

Strange Monthly Equal Payment

drone lake balloon

A person was telling me today that she was so shocked and proud that her hydro bill for the month of December turned out to be a little over three dollars. Yes, three dollars. Apparently this was a result of the company’s payment plan option where they bill the customers based on an “estimate of consumption”. As you may have guess, winter is usually a time where people use less electricity and more gas. So, as a result the estimate of usage was really low.

Kind of an interesting yet confusing scenario. That makes me wonder if in the summer time the bill would be higher than your actual usage since the assumption is that you will use more electricity during that time. So in reality your savings might be minimal in the big picture.

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading...