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Utility Payment Agreement Overview

The document discusses a payment plan agreement between a customer and utility company where the customer pays a fixed amount on agreed dates, which may differ from the actual bill amount. Any difference between the payment plan amount and bill amount is posted but not due. It also describes a payment scheme that evenly distributes previous and current bill amounts over the next billing period, with the amount determined partly from expected consumption. Payments through the scheme can be made weekly, fortnightly, monthly, quarterly or yearly.

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Menon film
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52 views1 page

Utility Payment Agreement Overview

The document discusses a payment plan agreement between a customer and utility company where the customer pays a fixed amount on agreed dates, which may differ from the actual bill amount. Any difference between the payment plan amount and bill amount is posted but not due. It also describes a payment scheme that evenly distributes previous and current bill amounts over the next billing period, with the amount determined partly from expected consumption. Payments through the scheme can be made weekly, fortnightly, monthly, quarterly or yearly.

Uploaded by

Menon film
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

An agreement between the customer and the utility company, which determines the amount to be

paid for each bill on agreed dates. The payment plan amount is not necessarily the bill amount. The
difference amount between the bill amount and the payment plan amount is fixed and posted. The
payment plan is not to be compared with the budget billing plan that is charged between two periodic
bills.
Payment Scheme:
The payment scheme is a statistical budget billing procedure. Consumption billing amounts from
previous and current billing periods are copied to the payment scheme and distributed evenly over the
next billing period. The budget billing amount is determined partially from an extrapolation portion that
reflects the expected consumption for the current billing period and partially from the copied
consumption billings. It is not necessary to copy consumption billings to the payment scheme in order
to use this procedure. If you do copy them, the bills are not paid directly by the customer but during
the next billing period when the
payment scheme requests are paid. The payment scheme allows payments to be made in weekly,
fortnightly, monthly, quarterly, and yearly cycles. The validity period of a payment scheme is
unrestricted. This means that a payment scheme is not ended and another created when you create a
periodic bill. Instead, the existing payment scheme is adjusted.

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