sch.1-sec.13Payment of security deposit

sch.1-sec.13 Payment of security deposit

A small exempt customer who is required under section 12 to pay a security deposit to the holder is obliged to pay the security deposit when the holder requests. The holder may refuse to arrange the re-energisation of a small exempt customer’s premises if a required security deposit remains unpaid and the small exempt customer’s premises has been de-energised for that reason under the conditions of this exemption. The holder must keep security deposits in a separate account and separately identify in its accounts the value of security deposits it holds for small exempt customers. (sch.1-sec.13-ssec.1) A small exempt customer who is required under section 12 to pay a security deposit to the holder is obliged to pay the security deposit when the holder requests. (sch.1-sec.13-ssec.2) The holder may refuse to arrange the re-energisation of a small exempt customer’s premises if a required security deposit remains unpaid and the small exempt customer’s premises has been de-energised for that reason under the conditions of this exemption. (sch.1-sec.13-ssec.3) The holder must keep security deposits in a separate account and separately identify in its accounts the value of security deposits it holds for small exempt customers.