I&M’s Michigan Plan includes EZ Bill, which offers qualified residential and small commercial customers an easy way to plan.
EZ Bill offers peace of mind knowing your electric costs will be the same each month.
EZ Bill gives you:
- One year custom rate for your home or business
- Your rate is based on your previous 12 months of use and expected future electric usage
- No true up if you stay enrolled for the full 12-month period
- No surprises on summer or winter bills
- Automatic renewal – your new offer is based on your last year’s usage
- Consistent monthly amount for a year
How Does EZ Bill Work?
We calculate your EZ Bill amount using your energy usage history for your location, and expected weather in the coming year. Your customized bill remains the same amount for the next 12 months.
A helpful feature is there is no “true up” or need to pay anything additional at the end of the 12-month period as long as you remain enrolled. Customers will be automatically re-enrolled at a recalculated price for the next 12 months and be notified by letter.
A program fee, not to exceed 9% of your total bill, is included in your EZ Bill offer amount. This allows I&M to provide the convenience of a monthly fixed bill amount with protection against risks such as weather extremes.
Please understand that the EZ Bill is a way for I&M to provide you with a predictable bill that helps you manage your budget and is not designed to give you the lowest price or necessarily save money.
Proposed for 2020
Pending approval by the Michigan Public Service Commission, EZ Bill would begin in spring 2020. Qualified customers will receive an offer letter stating the amount of your monthly EZ Bill.
Look for more information about the program next spring.