Security Deposit - Energy+ Inc.
 
 

Security Deposit

Security deposits are required from all non-residential customer accounts, except those customers who meet certain conditions as outlined below "Waiving a Security Deposit". The security deposit may be cash, cheque or an automatically-renewing, irrevocable letter of credit from a bank, as defined in the Bank Act, 1991, c.46, at the discretion of the customer.

We apply security deposits equally to all non-residential customers, regardless of rate class or owner/tenant status. Service will be withheld for non-payment of the security deposit.

Waiving a Security Deposit

A security deposit may be waived subject to the following conditions:

  1. Good payment history (min. 5 years) with Energy+ Inc. (or Brant County Power Inc., Cambridge and North Dumfries Hydro Inc.)
  2. Proof of good payment history (min. 5-7 years with a Canadian electricity/gas distributor, depending on the class)
  3. Credit check in the business name - available for a fee from a credit reporting agency (e.g. Equifax)

More on how to Start, Stop or Move Business Service