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beautyq115
New Year!
Member since 5/05 13729 total posts
Name:
Me
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Balanced billing from LIPA
Who does this?? Do you think it's worth it?
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Posted 8/27/09 5:33 PM  |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: Balanced billing from LIPA
We do it. It works well for us. We switched over after receiving a $400 bill one month! We pay about $125 a month now.
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| Posted 8/27/09 6:09 PM |
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pnbplus1
Family
Member since 5/09 5751 total posts
Name:
Mommy
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Re: Balanced billing from LIPA
I don't do it. I actually read my meter. I like to pay for what I use. This way, I know I'm not paying more than I should be. Also, by seeing the changes in the bill, I can try to monitor our usage better and try to cut back on our bill.
I do the same for our gas bill. I read the meter every month and call in the reading.
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| Posted 8/27/09 6:27 PM |
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Palebride
I am an amazing bakist
Member since 5/05 13673 total posts
Name:
Lori
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Re: Balanced billing from LIPA
We do. And when we didn't use as much as they anticipated we would, we got money off AND they lowered the monthly payment.
I LOVE knowing exactly how much I'm going to pay every month.
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| Posted 8/27/09 8:38 PM |
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itkocak
Member since 7/07 7639 total posts
Name:
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Re: Balanced billing from LIPA
Message edited 11/29/2011 4:55:56 PM.
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| Posted 8/27/09 8:43 PM |
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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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Re: Balanced billing from LIPA
i know my parents do and say that it saves them a ton of $$, especially in the summer with CAC
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| Posted 8/28/09 8:25 AM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: Balanced billing from LIPA
We do, our bill is $57
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| Posted 8/28/09 8:45 AM |
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Sparkyandang
LIF Adolescent
Member since 5/08 766 total posts
Name:
Ang
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Re: Balanced billing from LIPA
Posted by Palebride
We do. And when we didn't use as much as they anticipated we would, we got money off AND they lowered the monthly payment.
I LOVE knowing exactly how much I'm going to pay every month.
that's me too. I need to know exactly what my payment will be each month.
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| Posted 8/28/09 8:48 AM |
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Mdolph6
So in Love....
Member since 3/07 1622 total posts
Name:
A Family of 4
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Re: Balanced billing from LIPA
We use it and it def works for us.
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| Posted 8/28/09 9:01 AM |
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maymama
my little loves
Member since 8/08 18453 total posts
Name:
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Re: Balanced billing from LIPA
we use it and we LOVE it, there were two months this summer where we didnt pay b/c the account was over from the winter. It balanced out for us!
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| Posted 8/28/09 9:15 AM |
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Blazesyth
*yawn*
Member since 5/05 8129 total posts
Name:
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Re: Balanced billing from LIPA
Posted by snowflake08
i know my parents do and say that it saves them a ton of $$, especially in the summer with CAC
I still don't get this. You still end up paying for what you used. You don't get free electricity. If you're over/under whatever amount you'll either get a bill or a check at the end of your year. And then the next year they will raise/lower your monthly payment appropriately.
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| Posted 8/28/09 9:44 AM |
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browneyedgirl
family is all that matters
Member since 6/06 6513 total posts
Name:
browneyes
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Re: Balanced billing from LIPA
Posted by Blazesyth
Posted by snowflake08
i know my parents do and say that it saves them a ton of $$, especially in the summer with CAC
I still don't get this. You still end up paying for what you used. You don't get free electricity. If you're over/under whatever amount you'll either get a bill or a check at the end of your year. And then the next year they will raise/lower your monthly payment appropriately.
i don't get it either. how could you save money? you're just paying it differently
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| Posted 8/28/09 9:49 AM |
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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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Re: Balanced billing from LIPA
i guess they feel that it is better than getting hit with a huge bill for one month; or it evens out with what they DIDNT use in the winter??
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| Posted 8/28/09 9:55 AM |
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Rycois
Blessed with 2blue/2pink
Member since 12/05 13341 total posts
Name:
J
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Re: Balanced billing from LIPA
I don't do it yet but want to sign up for it before baby #2. It will be nice to have a real budget every month - not just guess our useage.
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| Posted 8/28/09 10:21 AM |
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Finally1108
My two boys
Member since 12/08 3541 total posts
Name:
Angela
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Re: Balanced billing from LIPA
Posted by Palebride
We do. And when we didn't use as much as they anticipated we would, we got money off AND they lowered the monthly payment.
I LOVE knowing exactly how much I'm going to pay every month.
I could not have said it better myslef! Getting that letter that says, next mouth your payment will be lower...oohhh i get so excited!
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| Posted 8/28/09 10:21 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Balanced billing from LIPA
We have done it for about 14 yrs. I just got my bill yesterday and I have been paying $120/month. Next month I pay $165 and then it gets lowered to $110. It's not alot but it is something :)
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| Posted 8/28/09 11:09 AM |
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Blazesyth
*yawn*
Member since 5/05 8129 total posts
Name:
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Re: Balanced billing from LIPA
I know about what my bill is going to be based on the time of the year and budget appropriately. (My bill doubles in the summer months.)
In the summer months the money we dont put into oil goes to electric - and in the winter the money we dont put to electric goes to oil. Done.
Personally, I would rather pay for what I use, when I use it instead of them keeping my money and keeping track. I dont have enough time to track monthly usage to make sure they're reconciling properly. Plus, I dont want to be stuck with a possible large bill at the end of the year for overages.
ETA: I just dont understand how it works and maybe thats my problem with it. The previous poster's example. She pays 120 a month. Yet next month the bill is 165. Then after the 165 bill is going down to 110. But how can the monthly bill go DOWN if obviously 120 a month wasn't high enough since there is a higher payment next month of 165? Shouldn't the payments be increased monthly to cover the increase and not lowered?
Message edited 8/28/2009 1:08:19 PM.
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| Posted 8/28/09 1:03 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Balanced billing from LIPA
Posted by Blazesyth
I know about what my bill is going to be based on the time of the year and budget appropriately. (My bill doubles in the summer months.)
In the summer months the money we dont put into oil goes to electric - and in the winter the money we dont put to electric goes to oil. Done.
Personally, I would rather pay for what I use, when I use it instead of them keeping my money and keeping track. I dont have enough time to track monthly usage to make sure they're reconciling properly. Plus, I dont want to be stuck with a possible large bill at the end of the year for overages.
ETA: I just dont understand how it works and maybe thats my problem with it. The previous poster's example. She pays 120 a month. Yet next month the bill is 165. Then after the 165 bill is going down to 110. But how can the monthly bill go DOWN if obviously 120 a month wasn't high enough since there is a higher payment next month of 165? Shouldn't the payments be increased monthly to cover the increase and not lowered?
They estimate from my usage from the last year how many kilowatts I will use next year and the price. They take that and divide it by 12 months and come up with my new bill. My estimated usage is something like $1,300 + change for the coming Sept-Sept. Not sure why they couldn't just put the $3.75 in the bill each month but that is how they do it.
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| Posted 8/28/09 1:15 PM |
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Blazesyth
*yawn*
Member since 5/05 8129 total posts
Name:
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Re: Balanced billing from LIPA
Posted by hazeleyes33
My estimated usage is something like $1,300 + change for the coming Sept-Sept. Not sure why they couldn't just put the $3.75 in the bill each month but that is how they do it.
Right - how it considered balanced if they just give you the same bill 11 months out of the year and then charge you the difference for month 12? And in reality, since you used more than they estimated last year, how can they estimate that you'll use less next year? You'd think they would choose more or at least stay the same as this year.
11 months your bill was 120 bucks
Month 12 is 165. So this year you used $1485 dollars worth.
So next year they are charging you 110 bucks a month for 11 months - totals 1210. So if you were to use the same amount of electricity next year as you did this year, your 12 month bill would be 275 dollars.
*shrug* Maybe it's some crazy formula, but it just doesnt make logical sense to me. Eh, logic who needs it.
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| Posted 8/28/09 3:24 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Balanced billing from LIPA
Posted by Blazesyth
Posted by hazeleyes33
My estimated usage is something like $1,300 + change for the coming Sept-Sept. Not sure why they couldn't just put the $3.75 in the bill each month but that is how they do it.
Right - how it considered balanced if they just give you the same bill 11 months out of the year and then charge you the difference for month 12? And in reality, since you used more than they estimated last year, how can they estimate that you'll use less next year? You'd think they would choose more or at least stay the same as this year.
11 months your bill was 120 bucks
Month 12 is 165. So this year you used $1485 dollars worth.
So next year they are charging you 110 bucks a month for 11 months - totals 1210. So if you were to use the same amount of electricity next year as you did this year, your 12 month bill would be 275 dollars.
*shrug* Maybe it's some crazy formula, but it just doesnt make logical sense to me. Eh, logic who needs it.
I don't have the bill in front of me so I would have to look at the exact amounts. My bill has always either gone down or stayed the same so I am happy-lol!! An extra $20-$40 one month is not a big deal to me. My estimate for the entire year is $1,300 and change so I don't think that is so bad.
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| Posted 8/28/09 3:33 PM |
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Blazesyth
*yawn*
Member since 5/05 8129 total posts
Name:
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Re: Balanced billing from LIPA
Posted by hazeleyes33
I don't have the bill in front of me so I would have to look at the exact amounts. My bill has always either gone down or stayed the same so I am happy-lol!! An extra $20-$40 one month is not a big deal to me. My estimate for the entire year is $1,300 and change so I don't think that is so bad.
Yeah. I wasn't talking about the prices specifically, whether they're fair or not - just using your numbers as an example. ;)
I'm more talking about how they can call it balanced but it's really not. For some 20-40 extra on that 12th month could be a big deal thats why I dont know how they can tout it as balanced billing when they potentially set it up for a huge bill on month 12 by lowering your monthly when the year previous you already went over your allocation.
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| Posted 8/28/09 3:44 PM |
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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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Re: Balanced billing from LIPA
for those of you whose bill is roughly $120-$150 per month, how large is your home; if you know the square footage/
We are purchasing soon and I am trying to get some idea of what we may pay
TIA
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| Posted 8/28/09 3:45 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Balanced billing from LIPA
Posted by Blazesyth
Posted by hazeleyes33
I don't have the bill in front of me so I would have to look at the exact amounts. My bill has always either gone down or stayed the same so I am happy-lol!! An extra $20-$40 one month is not a big deal to me. My estimate for the entire year is $1,300 and change so I don't think that is so bad.
Yeah. I wasn't talking about the prices specifically, whether they're fair or not - just using your numbers as an example. ;)
I'm more talking about how they can call it balanced but it's really not. For some 20-40 extra on that 12th month could be a big deal thats why I dont know how they can tout it as balanced billing when they potentially set it up for a huge bill on month 12 by lowering your monthly when the year previous you already went over your allocation.
I guess it is hard to estimate to the exact dollar depending on the weather, how much you use, etc. They have done a pretty good job for use all these years estimating but I am sure, it might not work for others.
I also like that I pay the same amount for at least 11 months out of the year.
I do the same for my oil bill.
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| Posted 8/28/09 3:49 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Balanced billing from LIPA
Posted by snowflake08
for those of you whose bill is roughly $120-$150 per month, how large is your home; if you know the square footage/
We are purchasing soon and I am trying to get some idea of what we may pay
TIA
My house is about 1,000-1,100 sq. ft.
It is a 3 bedroom, 1 bath ranch
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| Posted 8/28/09 3:50 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Balanced billing from LIPA
I don't like balanced billing for anything.
I like to know what I used, when I used it.
Same goes for my oil deliveries. No balanced billing for that either.
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| Posted 8/28/09 4:14 PM |
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