Personally, I find that kind of payment method annoying and possibly underhandedly devious. On one hand, I understand the reasoning to have less folks miss payments. The devious part is they might get a large surplus of money built up from the folks that never miss a payment, then they get to invest the money instead of the customer. In a sense, you are giving your utility company a free loan.
Back to the topic at hand. Awesome! It is always nice to see the power bills go down. My wife and I budget around $200 per month for utilities and any left over or over spent is carried over to the next month (we use Mint.com). As of right now, we have around $120 surplus year.
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