Budget Billing

Application

Budget Billing Online Agreement

Introduction:

Budget Billing allows member-owners to pay a set amount each month. Payments are calculated by totaling the past year’s electric usage. To avoid underpayment, that number is divided by 11, instead of 12, to determine the monthly payment. In October, when monthly payments are recalculated, any overpayment or underpayment is applied to the calculation for future billings.

It’s important to note that budget billing isn’t designed to help save money, but to simplify personal budgeting. There’s no enrollment fee, and signing up is easy.

Questions? Call 800-279-SIEA (7432) or email contactus@siea.com.

Eligibility:

Please note, Budget Billing is not available for members on a time-of-day or net-metering rate plan.

Are you on a time-of-day rate or net-metering (solar) rate?

YesNo

To qualify for Budget Billing you must have received service at the same location for at least 12 months.

Have you had electric service in your name at your service address for 12-months or more?

YesNo

Budget Billing enrollment also requires no late payments within the last year and a zero balance at the start of the plan.

Do you have a balance on your account AND have one of more electric payments been late in the past 12 months?

YesNo

Member Information

First Name

Last Name

The name on your Budget Billing Agreement must match the name on your San Isabel Electric account.

Billing Account #

Phone

Secondary Name on Account (if applicable)

First Name (secondary member)

Last Name (secondary member)

Service Location

Service Location Street

Service Location Street 2

Service Location City

Service Location State

Service Location Zip Code

Unfortunately, our Budget Billing program is not currently available for members who are on a time-of-day rate or a net-metering (solar) rate. Please call 800-279-SIEA (7432) or email contactus@siea.com if you questions.

In order for to calculate your average electric usage, we need to have at least 12 months of billing history at your service address. Please revisit this page or give us a call once you've had service at your address for at least a year. If you have questions please call 800-279-SIEA (7432) or email contactus@siea.com.

Please sign up for Budget Billing after you've paid the full balance on your account or once you have a year of no late payments. For a list of ways to pay visit siea.com/ways to pay.

Questions? Call 800-279-SIEA (7432) or email contactus@siea.com.

Agreement: By entering your initials in this box, you agree to enroll in Budget Billing.

Agreement: Enter your initials in the box below (minimum of two letters)

The undersigned Member hereby applies for and agrees to the terms and conditions of the San Isabel Electric Association, Inc. Budget Billing Plan.

San Isabel Electric Rules and Regulations, Residential Billing:

If the Member fails to pay the Budget Billings amount following due notice by the Association in accordance with the arrangements and is in default two (2) times in any twelve (12) month period, the Member will be removed from the Budget Billing Plan and any amount outstanding on the account will be immediately due and payable. Said Member will not be eligible for the Budget Billing Plan until a credit history of no late payments for the previous twelve (12) consecutive months is established.

It is imperative to pay the exact budget amount billed by the due date shown on the bill each month. If monthly payments are not made as billed, they may not be applied to the budget plan correctly.

The monthly Budget Billing amount may be adjusted with thirty (30) days’ notice, at the option of the Association, for any change in the Association’s rates or if the amount of electricity used changes substantially.

The Member may elect to terminate the Budget Billing Plan at any time by notifying the Association and by paying in full the entire outstanding past due amount on the account.

I have read and understood the conditions of this agreement and agree to pay the following amount on or before the due date specified on my bill.

Questions?
Email contactus@siea.com or call 800-279-SIEA (7432)

Contact Information