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Levelized Billing and Bank Draft

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  2. Levelized Billing and Bank Draft

Levelized Billing and Bank Draft

Frequently Asked Questions:

What is Levelized Billing?

Levelized Billing provides you with a way to guard against large fluctuations in your monthly electric bill, without ever having to play “catch-up” at the end of the year. The program is designed to keep your electric bills affordable every month of the year, as long as you remain on the plan. Levelized Billing is the ideal way to accurately anticipate your monthly electric bill, which makes budgeting easier for you.

How Does Levelized Billing Work?

Levelized Billing takes the worry and surprise out of opening your monthly electric bill. With this simple program, your monthly electric bill becomes a rolling average of your electric usage for the most recent 12 months. For example, this month’s bill would be the average electric usage of the previous 11 months, plus the current month. Levelized Billing uses a “rolling average” so your monthly bill will change only slightly from month to month. By averaging your changes in usage over a 12-month period, your bill will remain fairly consistent, even in very cold or hot months when usage may be unusually high. The only time you have to reconcile your account is when you leave the Tri-County Electric system, when you decide you no longer want to participate in Levelized Billing or when you no longer qualify for the program.

How Do I Qualify?

You can participate in Levelized Billing if you have an acceptable payment history, you have been a member of Tri-County Electric for one (1)consecutive year at same location, have signed up for bank draft, and you keep your Levelized Billing account current. We do not permit solar members to enroll in levelized billing. 

Do I Pay the Same Amount Each Month?

Levelized Billing is very different from Budget Billing. Because a “rolling average” method is used, your amount due will vary from month to month. Although Levelized Billing can help take the shock out of your electric bill during extremely cold or hot weather, your electric bill will not be the exact same amount each month.

What Do I Pay for This Service?

Levelized Billing is free for the members of Tri-County Electric. There is no sign up fee or monthly service charges. All that is required is that you keep your account current. In order to keep your account up-to-date, you pay only the amount due indicated on your bill. Paying more or less than the amount indicated could cause confusion with your account. As long as you stay current and pay only the amount indicated, your account will remain in good standing. If you¹re interested in Levelized Billing, simply contact your Tri-County Electric office.

Simplify Your Life Even More with Tri-County’s Bank Draft Program.

The Bank Draft Program from Tri-County Electric makes paying your electric bill easier than ever. When you sign up for Bank Draft, Tri-County Electric will automatically draft your checking account for the amount of your monthly electric bill. You’ll still receive monthly statements showing kilowatt-hour usage and the amount due, but with Bank Draft, you won’t have to write a check  ever! And your payments will be made on time, every time.

What Are the Benefits Of The Bank Draft Program?

With the Bank Draft Program, you’ll never have to remember to pay your bill. And since you’ll receive a monthly statement, you can easily keep track of what was drafted out of your account. You won¹t have to write a check or pay for a stamp or remember to take the envelope to the mail box. With everything else there is to worry about, isn’t it nice to have one thing you can cross off your list?

Levelized Billing and Bank Draft Application

Levelized Billing Brochure

TCEC-15-Levelized-Billing-.pdf
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©2025 Tri-County Electric Cooperative. All Rights Reserved

  • My Cooperative
    • Mission Statement-Purpose & Principles
    • Cooperative Statement of Inclusion
    • Board Members
    • Monthly Board Meeting
    • Coverage Area
    • Capital Credits
    • Affiliations
    • Office Locations
    • Employment
    • Co-op Member Information
      • Bylaws
      • Financial Report
      • Monthly Board Meeting Minutes
      • Rates
    • Economic Development
      • Economic Development
      • Available Sites
      • Economic Development/ Resource Library
    • My Community
      • South Carolina Living
      • Washington Youth Tour/Cooperative Youth Summit
      • Operation Round Up
      • Calhoun Connect
  • My Account
    • Manage My Account
      • Pay My Bill Online
      • View Your Energy Usage
    • Download App
    • Understanding My Bills
    • Payment Options
    • Pay Stations
    • Levelized Billing and Bank Draft
    • Automatic Bank Draft Form
    • Bill Assistance
  • Member Services
    • Home Services
      • Start New Service - Residential
      • Start New Commercial/Industrial Service
      • Disconnect Service
      • Advance Pay
      • TCE Spec Book
      • Report Outdoor Light Outage
      • Maintenance Request
      • Hold Harmless Agreement
    • Programs
      • Co-op Connections
      • Tri-County Generators
      • Surge Guards
      • Green Power
      • Social Security Disability Plan
  • Energy Solutions
    • Save Energy & Money
      • Electric Vehicles(EV) Portal
      • Beat the Peak
      • Energy Efficiency- Residential
      • Help My House
      • Energy Efficiency - Commercial
      • C&I Lighting Application
      • TCEC Kids
      • 101 Easy ways to save energy and money
      • Energy Glossary
      • Appliance Energy Calculator
      • Home Energy Calculator
      • enLIGHTen SC
    • Renewables
      • Solar Calculator
      • Rooftop Solar
      • Community Solar
  • Outage Center
    • Outage Tools
      • Storm Center
      • Report an Outage
      • View Outage Map
      • South Carolina Outage Map
      • Weather Map
    • Safety
      • Call Before You Dig SC811
      • Tree Safety
      • Safety Presentations
      • Safety Checklist
      • Safety Quiz
      • Meter Tampering
  • News & Events
  • TriCoLink