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Understanding Your Monthly Equal Payment Plan Statements

Below you will find a close-up view and description of some of the key sections of your Equal Payment Plan monthly statement.View a sample statement here.  

Equal Payment Plan Balance Forward

Equal Payment Plan balance forward

Your "Equal Payment Plan Balance Forward" is the balance on your account from the previous month:

  • “Previous Budget Balance” is the balance owing on your account from the previous month, carried forward
  • “Payments” are any payments withdrawn from your bank account, including your Equal Payment Plan amount
  • “Adjustments” can be any additional payments or charges to your account, such as an extra payment, interest charges, or an NSF fee.

Charges Incurred

This section lists the charges incurred in the current billing period.

Electricity Charges

Current Equal Payment Plan Balance

Current budget balance

Your “Current Equal Payment Plan Balance” is the sum of the “Equal Payment Plant Balance Forward” amount listed at the top of the bill and the Invoice Total.

This amount will appear as the “Previous Equal Payment Plan Balance” on your next Equal Payment Plan invoice.

  • If there is a dash next to your balance forward, there is a credit on your account.
  • If there is no dash next to your balance forward, there is a balance owing on your account.

Should you choose to discontinue with the Equal Payment Plan, this is the amount that would be due for immediate payment to Guelph Hydro, or credited to your account.  

Equal Payment Plan Withdrawal Amount

Equal Payment Plan draft amount

This is your monthly Equal Payment Plan withdrawal amount (budget amount) and the date it will be debited from your bank account.

Check Your Equal Payment Plan Statements

Please review your Equal Payment Plan statements periodically to determine if any adjustments are necessary.

 

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