Levelized Billing Program
Levelized billing prevents drastic changes in your bill, even during the coldest or hottest months of the year. A levelized bill averages the previous 11 monthly bills and the current month's bill for a service address. See below for examples of how levelized bills are calculated.
Because the levelized billing amount is recalculated each month based on a rolling average, the need to settle up balances annually is eliminated. Reconciliation of your account will be necessary only if you move or decide to stop participating in the program.
If NOVEC has been providing electricity to your home for at least one year and your account is current, you are eligible to participate in levelized billing. We will simply calculate your levelized payment based on the average billing for your home. Call 703-335-0500 or 1-888-335-0500 to sign up today.
To arrive at your levelized amount, NOVEC adds your current month's use to your previous 11 months, then divides the total by 12. It is then rounded to the nearest dollar. Example 1 is a sample levelized bill for July, and Example 2 is a sample for August.
The example below shows a customer with an electric heating and cooling system installed in their home.
|February *current month||255.93|
|February *current month||229.00|