Monthly installments explained
Here at amaysim, we've never been fans of bill shock and you can say good-bye to the days of getting lumped with a quarterly energy bill at the end of a sweltering summer or chilly winter, with our energy plans utilising monthly installments (payments) to help reduce the chance of quarterly bill shock.
Note: If you have an electricity smart meter (most Victorian customers), you’ll always be billed monthly for your actual electricity usage, and won't pay a set installment amount.
More control, less surprises
The main advantage of monthly installments is that they assist you with budgeting.
No longer will you be hit with a bill that covers three months of usage. Instead, you’ll make a payment each month - based on either your actual usage (if your meter was read that month), or a specified monthly installment.
How are monthly installments calculated?
Your installment payment should reflect your average power usage.
When signing up, you’ll start on an installment amount that suits our average customer.
- For electricity customers, there is an initial minimum installment amount of $130/month
- For gas customers, there is an initial minimum installment amount of $50/month
If you think the minimum installment amount is wrong for your household usage or budget, you can adjust your installments at any point by simply contacting us.