Examples of AMPP in a sentence
The average daily amount will be multiplied by thirty (30) days to determine the current month’s payment under the AMPP.
The difference between actual billings and the averaged billings under the AMPP will be carried in a deferred balance that will accumulate both debit and credit differences for the duration of the AMPP year – twelve (12) consecutive months.
If a customer requests removal from the AMPP, the amount of any overpayment made under the AMPP will be applied as a credit on the next month’s bill.
If a customer fails to pay bills as rendered on the AMPP, the Company shall have the right to withdraw the AMPP with respect to such customer and restore the customer to billing as provided for in the applicable tariffs, in addition to any other rights the Company may have under such tariffs in case of arrearage in payment of bills.
The average will be recomputed each month using the available actual history throughout the first AMPP year.
In such cases where sufficient billing history is not available, an AMPP account may be established allowing the first month’s amount due to be the average based on the actual billing for the month.
Under the Average Monthly Payment Plan (AMPP), variations in customer billings are minimized by allowing the customer to pay an average amount each month based on the current month’s billing plus the eleven (11) preceding months, divided by the total billing days associated with those billings to get a per day average.
At the end of the AMPP year (anniversary month), the net accumulated deferred balance is divided by twelve (12) and the result is included in the average payment amount starting with the first billing of the new AMPP year and continuing for twelve (12) consecutive months.
Both of the Company’s budget billing plans, AMPP and EPP are described below.
Residential customers using electric service shall have the option of paying bills under the Company’s Average Monthly Payment Plan (AMPP).