Budget Billing

Enjoy the Ease of Budget Billing for Propane

Sign-up for the Propane Budget Billing Plan

With propane delivery from River Valley Cooperative, you can count on us to provide dependable service and several contract options so you can be assured your home will remain fueled all year long.

Take Advantage of Budget Billing
Designed to keep you and your family comfortable year-round, River Valley Cooperative’s Budget Billing program offers hassle-free delivery service and billing options. Lock-in propane pricing for 2020 and 2021 today at a rate of $1.23 per gallon.

Budget Billing estimates your yearly propane bill and divides it into 12 equal monthly payments. The 12-month Budget Billing program begins on May 1^st of each year. Any existing balance or remaining credit balances at the end of the Budget Billing cycle is adjusted into the next year’s payment. If you have any questions on how this amount is figured, please contact our energy office at 800-730-2838.

Budget Billing Perks

Equal payments throughout the year
Price Protection: locked-in price per gallon
No financing fees
Monitored propane supply and automatic delivery

To take advantage of the Budget Billing program, please contact the Energy Department:
In Iowa call 563-785-4808 or 800-730-2838
In Illinois call 309-944-4616 or 800-359-4312

We thank you for your business and look forward to serving you in the future.

Propane by the Numbers

Volatile Markets Drive Price of Propane
OPEC+ intends to cut 9.7M/bpd of production, which ends the price war between Saudi Arabia and Russia. It’s also the biggest cut in history. While American producers were not a part of this coordinated effort, nor can they be due to American antitrust law, United States production is expected to fall off sharply, too.

The net effect could be over 20M/bpd of oil that gets cut...and even that may not be enough to keep all available world storage from being filled by the end of the summer...or earlier. Oil rig counts are falling dramatically and those levels could continue to fall (image upper right).

Natural gas production is also expected to fall off a cliff, and over 70% of propane comes from the natural gas stream. According to Bloomberg.com article:

“Natural gas production in the U.S. is expected to drop by the fastest pace ever in 2021 as drillers slash spending in response to the COVID-19 pandemic that’s sending oil prices to historic lows. Gas output is poised to fall by 4.4% to average 94.49 billion cubic feet a day next year, the U.S. Energy Information Administration said in its Short-Term Energy Outlook Tuesday. That would be the biggest annual retreat in data going back to 1998. The agency also expects production to slip this year instead of climbing to a record.”

Natural gas prices have actually gotten stronger, in anticipation of production cuts. Experts noted that January gas futures have jumped 15% since March 6th. As the market continues to change, the River Valley Cooperative Energy Department will monitor the variability.