Budget Payment Plan
Rich’s Budget Payment Plan is a free service to help manage your expenses by equalizing monthly oil bills.
- Once enrolled, Richs will forecast the cost of oil for the coming year by looking at the amount of oil used at your address for the same time-period the prior year. The projected amount is divided into equal monthly payments.
Total Yearly Energy Use divided by 10 months = Budget Billing Amount
- By equalizing your payments over a 10-month period, you avoid the seasonal peaks associated with heating and cooling months.
- Periodic reviews are conducted on your account. If there is a significant difference, the budget amount will be adjusted accordingly.
- Once a year, a settlement bill is calculated and credit balances will be included in next year’s budget calculation.