In a nutshell, this program is a prepaid energy program where you pay as you use your energy vs a bill at the end of the month. When you sign up , they are offering to initially fund your account with $30 in credits. It is for Michigan Consumers Energy customers for the electric service. I only have electric with them, so I cannot tell if they do it for gas customers as well.
I do not quite understand what they get out of this, perhaps saving money on the monthly billing process, but $30 is $30. From what I can tell, your energy rates etc.. stay the same, it is just how the account is funded that changes. A couple of issues, if you have auto pay, and budget billing, you will need to get that removed first, as they cannot switch you over until that is gone. Also, I had "green generation" blocks on my account (solar energy blocks of energy) that had to be removed as well. When I called the number on the link I shared, they were clueless on how to remove them. So I sent consumers a Facebook message, and within a day, I had a guy calling me back who took care of everything.
So as long as you do not have too many fancy programs on your account, it is a fairly smooth process. But you may have a little extra work if you do, but it is not bad. Enjoy!
https://www.consumersenergy.com/-...38995DB84A
Full Terms and conditions can be found here:
https://www.consumersenergy.com/p...conditions
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Conversion to a Post Pay account: A customer may elect to convert their account to a post pay account at any time. Consumers Energy will require full payment of the deposit and balance owed, if applicable, as a condition of continued service.
Past-due balances must meet eligibility requirements. On past due balances, 80 percent goes
toward future use and 20 percent of payment goes toward the past-due amount. Pay My Way accounts are not eligible for payment arrangements, credit extensions, life support status,
or for participation in any other programs or service related to payments or billing. Terms and conditions can be found at ConsumersEnergy.com/prepaid-terms-and-conditions.