Quote:
Originally Posted by 411ken
^ Noob here... but what difference would it make if you dont mind me asking 
Is your bill still at 44 a month even during winter? :S |
Yes, its $44 per month during winter.
Equal monthly plans look at the previous electricity usage at the address, and devy up the costs equally over 12 months. Lets assume, $120 per year for 1200 kwh used in 2010. Using that info Hydro will bill you $10 per month for 2011 (Jan -Dec). In December hydro notices that you used 2400kwh in 2011, your final bill in december (or whatever the reconciliation month is) will be $130 (extra usage at $120 and $10 monthly payment). In 2012, hydro will adjust your monthly payment to $20 per month since in 2011 you used 2400kwh.
Equal monthly plans , make it very easy to budget and every month you see a "Bill amount to date" and "Cost of gas to date" , if you cost of gas is higher, expect your monthly amount to increase next year and vv.
Hope that helps.
*for simplicity sake, i'm assuming rates never go up - but even if they do everything will be reconciled in the reconciliation month