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PPL Budget Billing Overview

Determining Budget Amounts . Sufficient History

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PPL Budget Billing Overview

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    1. PPL Budget Billing Overview

    2. Determining Budget Amounts Sufficient History PPL takes the bills for the last twelve months, adds them together, then divides by 12 to get the monthly installment amount. Insufficient History PPL defaults to the annual base default amount, which is based on the rate and geographic location. If the account has insufficient history and the budget amount is not sufficient, PPL uses a Quick Budget Estimator calculator. The calculation of the budget billing amount includes all services for an account; electric and lighting. Reviews -- If the quarterly review is within a $10 range (higher or lower) of the current budget figure, the monthly budget figure will remain the same. Annual Settlement -- the new budget amount will be calculated by taking the last 12 months of use and dividing by 12. NOTE: When starting on the budget at the time of connect, the first month's budget amount is for the full month's bill.

    3. Budget Billing Calculation Used during their review months. NOTE: If the change amount is less than or more than $10, the Budget Amount will remain the same. The review formula calculates as follows: First Budget Review after settlement (3rd month) CSS totals the actual charges of the same 9 months from the previous year that match the 9 "upcoming" months (months that have not yet billed) to get the annual base amount. Annual base plus or minus the current deferred balance (deferred will be a credit or debit)=adjusted annual base. The "adjusted" annual base will be divided by 9=(months remaining until settlement)=new budget amount. Second Budget Review after settlement (6th month). CSS totals the actual charges of the same 6 months from the previous year that match the 6 "upcoming" months (months that have not yet billed) to get the annual base amount. Annual base plus or minus the current deferred balance (deferred will be a credit or debit)=adjusted annual base. The "adjusted" annual base will be divided by 6=(months remaining until settlement)=new budget amount. Third Budget Review after settlement (9th month). CSS totals the actual charges of the same 3 months from the previous year that match the 3 "upcoming" months (months that have not yet billed) to get the annual base amount. Annual base plus or minus the deferred balance (deferred will be a credit or debit)=adjusted annual base. The "adjusted" annual base will be divided by 3=(months remaining until settlement)=new budget amount. Budget Bill Settlement (12th month Settlement) System will total the actual charges of the previous 12 months to get annual base.

    4. Definitions Amortized Balance -- The balance remaining at the time of annual settlement, which exceeds the monthly budget amount by $4.00 or more. The amortized balance can be paid in full with the annual settlement billing or in four (4) monthly installments after the annual settlement billing Annual Base -- The dollar amount of consumption for any given month Annual Settlement -- The annual settlement occurs twelve (12) months from the budget bill start date. The difference between the actual billing for the budget year and the total of the monthly budget amounts is calculated and presented as the Annual Settlement Amount Annual Settlement Amount --The difference between the actual billing and the budget billing at the end of the budget year. Average Annual Base -- The total amount of consumption for the last 12 months divided by 12. Budget Adjustment -- The difference between the current electric service bill and the monthly budget amount. Balance Deferred -- The cumulative difference between the actual electric service billing and the monthly budget billing for the current budget year.

    5. Definitions Budget Start Date -- The month and year of the first scheduled budget billing for an account enrolled in the plan. Budget Year -- The budget year runs for twelve (12) months after the customer enrolls. During the 12th month, there is an annual settlement and the customer begins a new budget year the following month. Degree Days -- The method used to determine the severity of the weather. If the average temperature for a given day is less than 65 Fahrenheit, then 65 minus that average temperature will result in the number of heating degree days for that day. Daily degree days are accumulated into Monthly and Annual statistics and compared against the average. Degree Days and TEMP information can be found under the Weather Information button. Monthly Amortized Amount -- It is 1/4 of the deferred balance. The result is rounded to the whole dollar. Monthly Budget Bill Amount --It is 1/12 of the actual dollar amount of consumption for the past 12 months. Projected Monthly Amount -- It is 1/12 of the estimated annual billing amount. This is maintained for customers who are not enrolled in the budget billing plan. Summer Months -- Historical information recorded during the months of June through September. Winter Months -- Historical information recorded during the period of October through May.

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