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Form 433-F online Columbus Ohio: What You Should Know
PIPE Plus is available for consumers who do not qualify for other payment plans that may offer a lower rate. PIPE Plus is a private payment plan that is used if the utility company believes the consumer is eligible for other payments, such as a loan, but may be ineligible for the PIPE. The PIPE Plus payment plan applies for a 5-yr. Period. It provides that the consumer can make an annual payment that is 30% higher than the annual rate in the contract and has a maximum payment of 30% per year. The monthly payment amount is fixed at 9.9% of the consumer's maximum payment, and the consumer's maximum payment can't exceed 15.9% of monthly income. The payment amount is adjusted according to income over a defined range, so the consumer can't exceed the maximum amount. Learn more about the PIPE Plus payment plan. The monthly payment amount is not adjusted for inflation, and the contract applies only to the consumer's income. PIPE Plus may be a good option for people who earn a low income but have a high utility bill. If the consumer doesn't qualify for other payment plans, but is eligible for PIPE Plus, it can be a good option for helping them pay their utility bill. PIPE Plus is not available to consumers with income under 3,500. Read more about the PIPE Plus payment plan on the Department of Public Utilities website. The State of Ohio and Public Utilities Commission Public utility plans can help you save money on your electric bills. Most public utility plans cover the majority of your electric bill, and allow you to pay only half each month. In addition, if you are able to keep your electricity costs at the same level for a long period of time, you can be able to save money by making the switch to a higher-priced plan. Some utility companies offer additional benefits and choices in their plans. For instance, some companies may not offer the highest-priced option for an entire year, instead offering an “affordable” plan for the month or two in which you sign up. Some companies, such as Ohio Power, pay off all electricity bills during the first year of your membership at no charge. Learn more about Ohio's utility plans. The rate you pay for the electric and gas companies is regulated by the Ohio Utilities Comptroller.
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