Does Direct Energy Require a Deposit

Direct Energy may require a deposit if you do not meet the company’s credit requirements. The deposit that you pay is returned to you with interest after twelve consecutive on time payments. If you leave Direct Energy, the deposit with interest, minus any outstanding balance will be returned to you.

Does Direct Energy waive deposit?

Direct Energy offers several easy options for you to pay the deposit: Have deposit payment automatically deducted from your credit card. … Walk-in payment stations may charge an additional payment fee. Waive the deposit if you meet certain requirements.

Why do I have to pay a deposit for electricity?

Utility companies typically require energy deposits from their customers to protect themselves from customers potentially defaulting on their monthly utility bills. In most fixed rate energy plans, customers use electric service for a set period of time before having to pay their electric bill.