JPS Resource Centre
DEPOSITS
All applicants are required to pay a deposit when establishing a new account. The amount of your deposit is determined by the type of account you wish to open: whether Residential or Commercial.
RESIDENTIAL ACCOUNTS
The deposit for all new residential accounts is $1,500. If your service is disconnected for non-payment of bills, you may be asked to upgrade your deposit as follows:
- 1st Incident – Deposit is upgraded by $1,500.
- Subsequent Incidents – Upgrade will represent the equivalent of 2 months' usage.
COMMERCIAL ACCOUNTS - RATE 20 (small & large) & RATE 40
The deposit for a commercial account is determined by load data, and is equivalent to 90 days billing; however, the minimum deposit for Rate 20 accounts is $6,000.
INTEREST ON DEPOSITS
You receive interest on your deposit annually. This interest is applied to your electricity bill.
REFUND OF DEPOSITS
Should you terminate your electricity contract, a meter reading will be taken and a final bill prepared. Your deposit and interest are then applied to the final bill. If charges remain, you will be required to settle the outstanding amount.
On the other hand, if a credit balance exists, you should claim a refund. Refund applications must be supplied in writing to your nearest Customer Service office.