Want to pay the same amount each month?
Iowa's unpredictable weather can cause member-owner's energy consumption to fluctuate on a monthly basis. Budget Billing allows you to pay a set amount on your electric account each month, giving you the opportunity to budget for the year.
The Budget Billing program is based on the previous year's average kilowatt usage and will be reevaluated at least annually. In the event the monthly budget amount is adjusted, Iowa Lakes Electric Cooperative will provide a written notice to you with the new monthly budget amount.
You may request termination of the Budget Billing program at any time. At the time of termination, any balance on your electric account(s) will be due in full or any credit on your electric account(s) may be refunded or applied to future charges.
Payment of the monthly budget amount is required by the due date on your monthly billing statement. Failure to pay the budget amount may result in penalties, termination of service and/or removal from the Budget Billing program.
Ready to enroll?
For more information or to enroll in the Budget Billing program, please contact Iowa Lakes Electric Cooperative at 800-225-4532 or online.