When you know what to expect each month, it's easier to plan your budget.
AES Indiana has updated its billing program to comply with the new Indiana law, House Enrolled Act (HEA) 1002 (2026), which requires all investor-owned utilities to transition Budget Billing programs to a new statewide standard called Levelized Billing.
Levelized Billing, formerly known as Budget Billing, is designed to make your monthly energy bill more predictable. Instead of bills that rise and fall with seasonal energy use, your monthly bill reflects an average of your past energy usage. This helps reduce large swings in the summer and winter, giving you a more stable monthly amount.
How Levelized Billing works
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Your initial monthly bill amount is based on the average of your last twelve AES Indiana bills.
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Your account is reviewed twice a year, in April and October, to help keep your Levelized Billing amount accurate over time.
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In April, your account is reviewed, and your monthly payment may be adjusted based on your actual energy usage.
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April reviews may also include a credit or balance due, called a settle-up, in addition to any adjustment to your monthly payment amount.
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In October, your account is reviewed again. October reviews may adjust your monthly payment amount but will not include a credit or balance due.
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On every bill, you’ll see how much energy you actually used and the cost of that usage, which may be more or less than the amount you pay that month under the Levelized Billing plan.
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The average of that usage becomes your monthly payment. You’ll be billed for the same amount each month, even if your energy use varies.
What happens during a “settle-up”
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During a settle-up, AES Indiana compares your actual energy use with the amount you have paid through your levelized monthly payments.
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If your usage and payments align, your monthly amount will stay the same.
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If your energy use has changed, your monthly payment is adjusted so it continues to reflect your actual energy usage. Any difference is added to your April bill as a charge or credit.
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This review helps ensure your levelized amount remains accurate over time while still providing predictable monthly payments.
Who is eligible
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Most AES Indiana residential customers who are current on their bill are eligible to enroll.
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Residential customers who qualify for the Low-Income Home Energy Assistance Program (LIHEAP) are not required to be current on their bill and are eligible as an exception to standard requirements.