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Electricity security deposit?

  • 04-12-2014 8:01pm
    #1
    MidnightQueen
    Registered Users, Registered Users 2 Posts: 2,601 ✭✭✭


    Any help greatly appreciated? I'm moving to rent my own place. Wondering about the security deposit and do I have to pay such a crazy amount? Or will they charge me interest if I don't? Rent to be paid in advance plus a deposit is enough to pay for now.


Comments

  • #2
    Ken.
    Closed Accounts Posts: 12,898 ✭✭✭✭Ken.


    If you sign up to direct debit they normally won't ask for the deposit.


  • #3
    Victor
    Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Shop around. There are several suppliers.


  • #4
    P. Breathnach
    Registered Users, Registered Users 2 Posts: 12,089 ✭✭✭✭P. Breathnach


    ken wrote: »
    If you sign up to direct debit they normally won't ask for the deposit.
    Victor wrote: »
    Shop around. There are several suppliers.
    Nothing wrong with shopping around, but I have recently done that, and it seems that what ken says is generally the case: unless you agree to pay by DD, the suppliers require you to pay a security deposit. If you don't do one or the other, you won't get electricity.


  • #5
    shruikan2553
    Closed Accounts Posts: 6,113 ✭✭✭shruikan2553


    Sign up to DD. Electric Ireland sends a bill and 14 days later takes the money from your account. No deposit needed.


  • #6
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    because billing is done in arrears, they need a way cover themselves if someone does a runner.


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  • #7
    ted1
    Registered Users, Registered Users 2 Posts: 23,904 ✭✭✭✭ted1


    P. Breathnach wrote: »
    Nothing wrong with shopping around, but I have recently done that, and it seems that what ken says is generally the case: unless you agree to pay by DD, the suppliers require you to pay a security deposit. If you don't do one or the other, you won't get electricity.

    Makes sense to me. They got stung by plenty of people in the past. If you won't trust them with a DD, why should they trust you?


  • #8
    MidnightQueen
    Registered Users, Registered Users 2 Posts: 2,601 ✭✭✭MidnightQueen


    Thank you for your comments. I wasn't sure if there were many suppliers around who didn't need a deposit. Thanks again.


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