What's the equal payment plan, and how do I sign up?
Equal payment plan
Manage your budget by signing up for an equal payment plan. We’ll take your usage from the last 12 months and divide it into equal monthly payments.
Each year after your sign-up date, we compare the amount you’ve been billed with your actual consumption. The difference may result in a credit or an amount owed to BC Hydro.
About your equal payment plan bill
Here’s some help so that you can fully understand your bill:
Annual review: Each year, we compare the amount you've been billed with your actual use. The difference may result in a credit (if you’ve used less electricity than you've paid for) or additional charges (if you've been using more electricity than you've paid for).
Balance to date: Not to be confused with the “Total due amount” in your “Bill Details” area, “balance to date” appears in the “Equal Payment Plan Status” area of your bill. It’s used to keep you up to date on how your equal payments to date have compared against your electricity charges.
How to sign up for the equal payment plan
To sign up, follow these steps:
- Log in to MyHydro
- Select Account settings
- Under Payment settings, select Equal payment plan Set up
If you don't have a MyHydro Profile, you'll need to create one first to access your account.
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