Choice: Budget Based Programs
Secure Fixed Price (Fixed Monthly Bill) vs. Budget Billing
Each one of us has different budget goals and needs. Between the three programs we offer, two focus on budget protection. Secured Fixed Price offers both protection from market volatility as well as usage increases. Meaning, every month you pay the same amount, no matter how much gas you use.
Every year during the Black Hills Energy Choice enrollment period, we often get many questions about how our Secure Fixed Price plan relates to budget billing, so we’d like to clear the air!
What is Fixed Monthly Billing (Secured Fixed Price) from WoodRiver Energy?
Fixed Monthly Billing is offered from WoodRiver Energy as a complete budget protecting plan that sets a flat price for every bill for up to two (residential) or three (commercial) years. This one price covers all gas used and other fees and taxes applied by Black Hills Energy. In other words, you have access to unlimited gas for one all-inclusive price every month.
What is Budget Billing?
Budget Billing is provided by a utility. It is a mechanism to equalize your gas bills over a year, it averages out the winter and summer bills. At the end of the year, if you used more gas than the plan predicted or the cost of gas increased, you must “true up” and pay the difference.
Can I use Budget Billing with Fixed Monthly Billing (Secured Fixed Price)?
No. Budget Billing cannot be used with Fixed Monthly Billing.
Is there anything I should know before switching to Fixed Monthly Billing from Budget Billing?
It is important to remember that when switching to WoodRiver Energy’s Fixed Monthly Billing plan from Black Hills Energy Budget Billing, you will be asked to “true up” in the new term starting in June.