My electricity provider (which is Green Mountain Energy, because I’m an aspiring hippie), offers me the ability to make the same payment each month, based on the previous six months’ usage.
Here in Dallas, people require air conditioning for roughly nine months a year, so our average monthly billing is about $300. I won’t say that’s not a lot of money, but in previous years in leakier houses, we’d sometimes see bills over $550.
For me, it’s unlikely that I’d pay close enough attention to our bills to figure out what the average amount is and then set our budget accordingly. So we’ve had instances where the joint “bills account” had overdraft problems, which is just about the dumbest way to waste money.
I’d prefer it if we could get even more of our predictable monthly expenses billed on an average basis: groceries, haircuts, gasoline, lunch, you name it. For me, one of the keys to financial stability is not having to think about how much to spend.
Do you enjoy average billing for any of your utilities? Would you ever go back?