Town of Reading, Massachusetts |
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Municipal Light Department |
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Budget Bill Program
Equalized monthly payments are offered to customers electing to be billed under the Budget Bill Program. Customers must sign up for the option for a period of one year.
The Budget Bill Program runs from January through November. A contingency will be added to the average twelve-month usage to account for any fluctuation in customer usage or increase in the fuel charge adjustment. Customers will be billed as normal with the “Balance Due” portion of the bill reflecting the running "true-up" balance which may be more or less than the Budget Payment Amount.
Budget Bill Program customers are eligible for the Prompt Payment Discount. A Prompt Payment Discount of 10 percent will be allowed on each monthly bill, excluding the fuel adjustment charge, and will apply as long as the customer is enrolled in the Budget Bill Program.
Budget payments will be made via a Pre-Authorized Payment Plan required for all Budget Bill customers.
In December of each year, the account will be trued-up. Any positive balance will be paid by the customer to the Department, or any credit balance, at the customer’s choice, will be paid to the customer by the Department or credited to the customer’s next Budget Bill Program.
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