• Your monthly Budget Billing amount will be based on the average of your actual bills during the last 12 months.
• We continue to read your meter each month. Your monthly bill shows exactly how much energy you use, the actual bill amount, and any deferred balance on your account.
• Each month 1/12 of your deferred balance will be added (or subtracted if a credit) to your average bill amount and becomes your current bill – so your bills will vary slightly from month to month.

When you enroll in FPL Budget Billing, you will receive a monthly statement that includes three amounts:

1. "Actual Bill" amount – what you would pay on FPL's regular billing plan
2. "FPL Budget Billing" amount – what you owe as a Budget Billing customer
3. "Deferred Balance" amount – the cumulative difference between your "Actual Bill" and your "FPL Budget Billing" amount

We encourage you to stay on the program for at least one year to realize the benefit and to avoid paying a high deferred balance.

There is no annual "true-up" period with FPL Budget Billing unless you close your account, you discontinue the program, or FPL Budget Billing is discontinued because of a past-due bill.

By enrolling in FPL’s Budget Billing, you agree that your monthly bill will be calculated by the Budget Billing terms.

Any residential customer with no delinquent balance is eligible to participate in Budget Billing. A customer may terminate participation in the program at any time and/or may be terminated by FPL if their account becomes subject to collection action.

While enrolled in Budget Billing, a customer is billed monthly on a levelized consumption basis rather than on the basis of current consumption. A Budget Bill monthly bill will contain:

Actual Bill: Current consumption and associated charges; what would have been charged if off the program.

Budget Bill: The levelized consumption amount, which is determined by averaging the last 12 monthly billings for the premise, plus 1/12 of the deferred balance.

To note: If the account has been active for less than 12 months on the premise, then FPL will use a combination of the customer’s billing history and the history on the premise.

Deferred Balance: Any difference between the levelized amount and the actual bill amount is added to a deferred balance.

If the Customer’s participation in the Budget Bill program is terminated, for whatever reason, the deferred balance will be applied to the customer’s next bill, and the customer will not be able to rejoin the program for 12 months following the date of termination. If the deferred balance was a credit at the time of termination, the balance will be credited against any outstanding billed amounts, and any remaining balance will be credited against the Customer’s future billings or returned upon request. If the deferred balance was a debit at the time of termination, the balance will be billed to the Customer. Customers who transfer the location of their service account within FPL’s territory will have the debit or credit balance transferred to the new service address.

Note:  Any GS-1 or GSD-1 customer who has no delinquent balances and has been at the same location for 12 consecutive months with the company is eligible to participate in the Budget Billing Plan excluding GS-1 or GSD-1 customers that rent electrical facilities from the company under a Facility Rental Service Agreement and GSD-1 customers taking service under the Seasonal Demand Time of Use Rider.

Important: On your monthly statement, you will see a deferred balance, which is the difference between the bill for your actual energy usage and your budget bill. Because FPL adjusts this balance each month, the payment due never gets too large and is more predictable. This balance also reflects what will be added to or subtracted from your final bill, should you decide to stop using the program. We recommend staying on the program for at least an entire year to see the full benefits.

For further details on FPL Budget Billing, view our terms and conditions.