Customers on equalized payments pay a set amount toward their power bill all year and have a settle-up bill at the end to match what they paid for power with their use.
Your “Balance forward” from month to month is the unbilled/overbilled amount of power used in your home. “Current Installment Amount” is what you’re paying each month, and “Actual use, current bill” is the amount you owe this month only. The difference between your actual use and balance to be billed is the amount that will be transferred to the balance forward on your next bill.
If you notice that you’re building up a carry-forward balance, give us a call. We can increase your billing amount to avoid a high settle-up bill at the end of the year.