PSEG "Balanced billing"

[twingles]

Originally Posted by chattyneighbor

Resurrecting this thread to 2019 and wondering how everyone is fairing with balanced billing 5 years later? Our settlement month is showing a huge difference - but seems to be in our favor. Not sure if they will just apply to the next 2 bills or issue a refund.

I believe they give you a choice or they used to if you want a refund or difference applied to bill.

[Spanky25]

Originally Posted by kirios

Just wanted to know opinions about balanced billing by PSEG. For me it seems not really balanced because they keep changing my payment every few months. The latest change is an increase of almost $200. Do others have these issues with PSEG?

I did it once and will NEVER do it again! One year they “forgot” to balance my bill & sent me a bill for over $1,000
So, now I just pay the bill every other month as billed. Why should I give them a months in advance?

In the summer my bill is an extra $75 +/- because of the A/C. Otherwise, my bill is always within $25 +/- every other month.

[LizWright]

I use balanced billing for both PSEG and National Grid. Once you get a year of data with them, it seems very accurate. I did owe $250 more once with PSEG within the first year as they were using the previous owners estimates who had a summer home at the beach and didn't live in the house much in the summer. Helps a lot with National Grid as those winter bills are brutal.

[OhBeeHave]

I'm currently at $238/month. My outdoor hot tub died, so we disconnected it in April. According to the useage page on my PSEG account, my electric useage is down 29% over last year. I'm curious to see how this will play out when I am recalculated.