Customers will pay more today if there's payback later, shows equal billing study
Wednesday, May 6, 2015 - 14:20
in Mathematics & Economics
What's not to like about getting a refund? It's a possibility under equal billing plans, where consumers are charged the same amount every month for consumption-based services such as energy or water. Those billings are later reconciled with actual usage, usually at the end of the year, leading to either a refund for overpayment, or an extra charge.