Will I have to pay a security deposit?

23rd Sep 2020
1 minutes to read

Aodhan O'Donnell
Founder

Customers who pay for their energy by Direct Debit usually do not have to pay a security deposit. Likewise Pay as You Go customers will not be asked to pay a security deposit – because they prepay for their energy there is less risk of a debt building up or missed payment.

 

Many energy suppliers in Northern Ireland can charge a security deposit for those customers who decide not to pay by direct debit and pay on receipt of a bill. This is not to say all suppliers will, but they reserve the right to add a security deposit to your account. Below is a list of what each supplier may charge bill pay customers:

 

  • BEenergy – £150 security deposit if you choose not to pay by direct debit
  • Bord Gáis Energy€200 deposit if you choose not to pay by direct debit
  • Bright€150 deposit if you choose not to pay by direct debit
  • Flogas – €250 security deposit if you choose not to pay by direct debit
  • Electric Ireland – €300 security deposit if you choose not to pay by direct debit
  • Energia – Case by case basis 
  • SSE Airtricity€300 security deposit if you choose not to pay by direct debit
  • Iberdrola –  Case by case basis 
  • Glowpower – €300 security deposit if you choose not to pay by direct debit
  • Panda Power – Based on two months estimated consumption
  • PrePayPower – Based on three months estimated consumption
  • Pinergy – Case by case basis 

 

Suppliers are required to return the security deposit to your account after 12 months, provided accounts have been paid off fully and on time (i.e. a good account history). You can avoid security deposits, for all suppliers, by paying by direct debit or choosing a prepayment tariff.

All energy suppliers can charge a security deposit, if you fail to pay, cancel a direct debit or if you’re late paying any money due.  

You might also like

This is a unique website which will require a more modern browser to work!

Please upgrade today!