CUC requires payment of a deposit and completion of the contract before the service is connected. The purpose of the deposit is to secure payment to CUC for electricity consumed. CUC reserves the right, in consultation with Government, to amend the deposit amounts referred to below.
For residential properties, CUC will assess the monthly usage based on electrical equipment installed and will charge a deposit based on 45 days of estimated usage.
CUC will assess the monthly usage based on electrical appliances installed and will charge a deposit based on six (6) weeks estimated usage.
All deposits are refundable, less any balance due for electricity consumed, when the related account is closed.
The interest rate on customer deposits is adjusted monthly to equal rates utilised by CUC's primary banker, the Royal Bank of Canada, on one year certificates of deposits.