Pay the same amount each month
Electric bills can vary greatly from season to season or month to month.
Budget Billing levels out the peaks and valleys and allows you to make the same monthly payment year-round by dividing your estimated yearly charges across each month.
With Budget Billing, you'll know ahead of time exactly how much to budget for your electric bill, allowing you to better manage your finances.
How it works
Your estimated annual bill will be divided into 12 equal monthly payments. We will continue to read your meter monthly, but you'll pay the same amount from one month to the next instead of paying a different amount each month. Your bill will show how much energy you've used, the amount you've paid and your actual account balance.
We may adjust Budget Billing amounts periodically to reflect changes in your actual usage. As a Budget Billing customer, you also have the option to request a review anytime to see if an adjustment to your Budget Billing amount is necessary to reflect your actual usage. But ultimately you'll only pay for the energy you use.
If you've used less energy than you've paid for, we'll owe you the difference. That amount will be applied to your next Budget Billing payment(s) until it is used up. If you used more power than you paid for, you will owe us. That amount will be added to your Budget Billing payment, equally divided over the next 12 months until it is paid off.
Budget Billing is not a discount program.
Sign up and help build a community free from abuse
Through our TEP Gives program, when you sign up for Budget Billing, e-bill or Auto Pay, we'll make a donation to Emerge Center Against Domestic Abuse.
Our contributions are funded with company resources, not with customers' rates. TEP is committed to community improvement and engagement. When all of us work together, we can break the silence and answer the call to end domestic abuse in our communities.