SmartHub: A Home for Managing Your VEC Account
SmartHub is an account management tool that enables you to manage all aspects of your VEC account. In addition to paying your bill, you will be able to view your power usage data, report an outage, and set up customizable alerts to stay in the loop with power restoration updates and bill notifications. To learn more about SmartHub, visit our Frequently Asked Questions page. Link to SmartHub here.
You can also manage your VEC account anywhere, anytime using your mobile device. The SmartHub Mobile App is now available at no charge for your iOS (iPhone, iPad, iPod) or Android device.
You can pay online using a check, debit card or credit card. Click here.
Automated telephone account access is available 24/7 to check your account balance or pay your bill with a check, debit card, or credit card. All transactions are quick and secure. To get started you need your account number and a pin. To create a pin, you will need to enter the last 4-digits of your social security number. If this information is not on file for your account, contact a member service representative Monday - Friday, 7:30 a.m. to 4:30 p.m. to assist you with setting up a pin. 1-800-635-2331.
Members signed up for auto pay will still receive a regular monthly statement reflecting current reading information and charges. However, the bill will read BANKDRAFT DO NOT PAY. To enroll, simply fill out the auto pay Bank Draft Application or the Credit Card Authorization Form and mail to the address at the bottom of the form. For the Bank Draft Application, be sure to include the bank routing number [9 digit number] along with your checking or savings account number and enclose a voided check. Once we receive your application, we will enroll you in the plan.
The electronic funds transfer will take place 14 days after the billing date noted on the bill. Your bill will be deducted every month unless you notify us that you want to cancel the auto pay. If you do not have sufficient funds in your account, the payment will be treated as any other insufficient fund. If you have two payments returned in a calendar year for insufficient funds, you will be removed from auto pay.
Vermont Electric Cooperative Headquarters. 42 Wescom Road, Johnson, VT
Franklin Telephone. 5217 Main St, Franklin, VT
Peoples United Bank. Payments can be made at any branch office location.
Pay by Mail
Members can mail a check or money order to:
Vermont Electric Cooperative, Inc.
P.O. Box 1400
VEC offers members the option to pay monthly electric bills with a fixed budget payment plan. The plan allows members to spread their projected electric bills over eleven equal installments. The twelfth month is used to reconcile the account.
How the plan works:
VEC will calculate your budget payment amount based on the average of your previous twelve months bills. If you have not been at your service address for a whole year, it will be based on the last twelve month’s usage for your premises and will be adjusted for any known changes.In the first budget year, VEC will review your account in the sixth and ninth months to ensure that the projected usage is in line with the actual usage, thereby minimizing any under or over payments. If the actual energy consumption exceeds the projected amount by 10% or more, we will adjust the budget accordingly and notify you of this adjustment. In addition, we will reconcile your budget payment plan annually.
Enrolling in a budget plan:
If you would like to enroll in the monthly budget billing plan, please contact member services at 1-800-832-2667. A representative will be happy to provide you with information about the plan and help you enroll.
End of the year reconciliation:
At the end of the plan year, VEC will reconcile your account. If you owe a balance greater than $50, you have the option of spreading the balance over the next twelve months in equal installments. If you end the budget year with a credit (your usage was less than anticipated and you have overpaid), the balance will automatically be reimbursed over the next twelve months in equal installments. If you prefer, you can opt to have the credit refunded in one lump sum by calling member services at 1-800-832-2667.
Understanding your bill:
Your monthly statement will show two amounts, (1) your actual electric charges for the billing period and (2) the fixed amount you should pay under budget bill plan. This amount is indicated in the “amount due” box. While enrolled in the plan you should pay the budget amount due each month.
Cancelling budget billing:
If you decide a budget payment plan is not right for you, you can choose to opt out of the plan by calling our member service department at 1-800-832-2667. However, once you are removed from the plan, you may be required to wait 12 months before you can request to be reinstated in the plan. Once your budget plan is cancelled, the total balance on your account becomes due. If you have a credit balance you may request that it be refunded or it can be credited toward future bills.