BudgetWise Billing® enables you to manage your budget and avoid seasonal spikes in energy costs. You’ll have predictable monthly payments – minimizing the ups and downs of energy costs impacted by weather.
Here’s how it works:
Calculate your monthly payment
Your BudgetWise Billing payment amount is the monthly average of your energy costs* over the past year. This applies to the first three months of your plan.
Quarterly reviews
Your monthly payment amount is reviewed every three months against your actual home energy costs over the past 12 months. If your energy costs changed by 5% or more over the 12-month period, your monthly payment amount may increase or decrease.
Nine-month review
After nine months, in addition to quarterly reviews, your total monthly payments are compared to your actual energy costs. If your energy costs were more than what you paid, the difference will be distributed equally over the final three months of your plan. If your energy costs were less, your monthly payment may be decreased.
Annual review
After 12 months, we review your account and settle any differences between energy used and the amount paid.
To enroll in BudgetWise Billing, log into your DTE online account.