Levelized Billing Program
Levelized billing is based on a rolling 12-month average. A levelized bill is based on the average of the previous 11 months electricity billing and the current month's billing for the service address. Levelized billing prevents drastic changes in your bill, even in the coldest or hottest months of the year. See below for examples of how levelized bills are calculated.
Because the levelized billing amount is recalculated each month based on a rolling average, the need to settle up balances annually is eliminated. Reconciliation of your account will be necessary only if you move or decide to cancel your participation in the program.
If NOVEC has been providing electricity to your home for at least one year you and your account is current, you are eligible to participate in levelized billing, and you can join the program at any time. We’ll simply calculate your levelized payment based on the average billing for your home. Call 703-335-0500 or 1-888-335-0500 to sign up.
To arrive at your levelized amount, NOVEC adds your current month's use to your previous 11 months, then divides the total by 12. It is then rounded to the nearest dollar. Example 1 is a sample levelized bill for July, and Example 2 is a sample for August.
Actual Billed Amounts
Total Billed Amounts $3,497.75 /12 = $291.23
Total Billed Amounts $3,476.31 /12 = $289.69