Budget Billing gives you more predictable energy bills by balancing seasonal high and lows, taking the guesswork out of your monthly bill. Once signed up, you'll pay a similar amount every month - making budgeting and planning much easier. Benefits of Budget Billing include:
- It’s predictable – you always know what your bill will be
- It helps you stay on budget
- The program is free, and you’ll only pay for the energy that you actually use
How it works
You still pay for all of the energy you use, but your total costs are spread evenly throughout the year. Budget Billing amounts are evaluated twice a year, usually in February and August, and may go up or down based on your actual usage and updated energy costs.
You can discontinue Budget Billing at any time. If you have paid for more energy than you have used, we'll credit your next bill. If you've used more energy than you've paid for, it will be added to your next bill.
Who's eligible ?
Your account must be current to sign up for Budget Billing online and we recommend having seven months of energy usage history at your service location.
If your account is past due, you may still be eligible. Call us at 888-DIAL-PNM for additional consideration.