55 Day Advance Payment Explained
What is advanced payment?
Why does it exist?
Put simply, your advance payment allows us to buy your power from the market as you use it – without having to worry about the cost of finance. Other retailers borrow from banks in order to send you a bill after each month. Flow Power reduces your costs with the 55-day advance payment.
How does advanced payment work?
- Flow Power estimates your site’s usage for 55 days (based on your historical data) and sends you the invoice for that amount.
- At the end of each 55- day period, your prepayment amount is dynamically adjusted for the next 55-day invoice using the most up-to-date data.
- Each invoice will also include a line item (either as a credit or a debit) to reflect and correct any difference between the previous period’s prepaid amount and actual power used.
Why is it 55 days?
The 55-day time period includes:
- 31 days of billed usage for upcoming month
- Up to 10 days to process the invoice
- 14-day payment terms
Follow our timeline to understand the advance payment timeframe:
Have questions about advanced payments?
The Flow Power team is online Mon-Fri 9 am – 5 pm via the chat feature at the bottom of your screen, or you can get in touch below.
Putting the power back in your hands since 2009
