What Is Equalized Billing?
Equalized billing takes the average cost of heating your home during winter and spreads it over the year, allowing you to pay a lower fixed amount from September to August. This means that although two-thirds of the fuel to heat your home is used in the coldest one-third of the year, your bill won't get bigger as the winter gets colder.
Why Would Equalized Billing Be Good For Me?
You know at the beginning of the season approximately what your fuel cost will be. Budgeting is much easier when you don't have to wonder how much the next bill will be or when it will arrive. In addition, no finance charges are applied to your account when using equalized billing.
How Does It Work?
By reviewing your past consumption, we will estimate the cost to heat your home over the year. Beginning in September, you make 12 equal payments by preauthorized payments or post-dated cheque and we will send you regular statements of your account. In April, your account is reviewed and any adjustment is made at that time.
How Do I Start The Plan?
Just give us a call or stop by our office and we'll be happy to set up an equalized payment plan for your account.
To pay by electronic banking you will need your account number.
You can search “McKeown and Wood Fuels” for the following banks: TD Canada Trust, Bank of Montreal, BMO, CIBC, Scotia Bank, CUCO, and Royal Bank.
Payment of Balance by Preauthorized Payment
By providing us with a void cheque or credit card, you can make paying your bill as simple as possible. Once authorized, each month we will take your balance and have it withdrawn automatically from your account or taken off your credit card. You will get your statement by the 5th, and on the 15th the balance is paid. As easy as can be.
McKeown and Wood also accepts payments made using VISA and MasterCard.