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Payment Options

Convenient Payment Options

Choose the payment option that suits your life

McDougall Energy offers the convenience of preferred payment options. Choose between:

  • Pre-authorized payment
  • Online/telephone banking
  • Credit card
  • Cash*

*Accepted at one of our branches

Easy Payment Budget Plan: Predictable payments for painless budgeting

Take advantage of our Easy Payment Budget Plan and spread out your heating costs into equal, predictable payments over 10 months.
Approximately 60% of home heating costs occur between December and February. This means trying to budget over half of your annual heating expenses over three months. And that can add up.

Our Easy Budget Payment Plan allows you to spread your heating cost into predictable equal payments over 10 months from September to June. Plus, you have the option of paying at the beginning, middle, or end of the month making your financial planning more flexible. Learn more from your Territory Manager.

How does it work?

We determine your Easy Budget Payment by estimating your annual consumption based on:

  1. Past consumption information (if available),
  2. The size of your home and,
  3. The age of your heating equipment

We monitor your Easy Budget Payment balance and offset potential problems to ensure your account is on track to be paid out annually. Our goal is to always to have a zero balance by the end of June. Check out the example below to see how McDougall Energy’s Easy Budget Payment Plan simplifies your home comfort costs!

 

  Monthly Fuel Cost Running Balance
September $300   $300
October $300 $480 $120
November $300   $420
December $300 $470 $250
January $300 $650 -$100
February $300 $900 -$700
March  $300 $500 -$900
April $300   -$600
May  $300   -$300
June $300   $0
July  Reconciliation of Account    

Note: The July “reconciliation” will be adjusted to clear any remaining balance. If a credit exists you can leave the balance on your account for the following heating season or you can call and have the money sent to you; it is your choice!

 

Contact your Territory Manager to learn more 

 

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