An agreement between the customer and the utility company, which determines the amount to be

paid for each bill on agreed dates. The payment plan amount is not necessarily the bill amount. The
difference amount between the bill amount and the payment plan amount is fixed and posted. The
payment plan is not to be compared with the budget billing plan that is charged between two periodic
bills.
Payment Scheme:
The payment scheme is a statistical budget billing procedure. Consumption billing amounts from
previous and current billing periods are copied to the payment scheme and distributed evenly over the
next billing period. The budget billing amount is determined partially from an extrapolation portion that
reflects the expected consumption for the current billing period and partially from the copied
consumption billings. It is not necessary to copy consumption billings to the payment scheme in order
to use this procedure. If you do copy them, the bills are not paid directly by the customer but during
the next billing period when the
payment scheme requests are paid. The payment scheme allows payments to be made in weekly,
fortnightly, monthly, quarterly, and yearly cycles. The validity period of a payment scheme is
unrestricted. This means that a payment scheme is not ended and another created when you create a
periodic bill. Instead, the existing payment scheme is adjusted.