Conditions of UseSecurity Deposits - Electricity Law 2001
THE ELECTRICITY (GUERNSEY) LAW, 2001
PART II
GENERATION, CONVEYANCE AND SUPPLY OF ELECTRICITY
Power to require security
14. (1) Subject to the following provisions of this section, a public electricity supply licensee may require any person who requires a supply of electricity in pursuance of section 10(1) to give it reasonable security for the payment to it of all money which may become due to it-
(a) in respect of the supply; or (b) where any electric line or electrical plant fails to be provided in pursuance of that subsection, in respect of the provision of the line or plant,and if that person fails to give such security, the public electricity supply licensee may, if it thinks fit, refuse to give the supply, or refuse to provide the line or plant, for so long as the failure continues.
(2) Where any person has not given such security as is mentioned in subsection (1), or the security given by any person has become invalid or insufficient-
(a) the public electricity supply licensee may by notice require that person, within seven days after the service of the notice, to give it reasonable security for the payment of all money which may become due to it in respect of the supply; and (b) if that person fails to give such security, the public electricity supply licensee may, if it thinks fit, discontinue the supply for so long as the failure continues, and any notice under subsection (2)(a) shall state the effect of section 17.
(3) Where any money is deposited with a public electricity supply licensee by way of security in pursuance of this section, the public electricity supply licensee shall pay interest, at such rate as may from time to time be fixed by the public electricity supply licensee with the approval of the Director General, on every sum of money so deposited, for every three months (or such lesser period as the public electricity supply licensee may determine) during which it remains in the hands of the public electricity supply licensee.
(4) Payments of money made to a public electricity supply licensee by a customer by way of standing order with that customer's bank, shall not constitute monies deposited by way of security for the purposes of this section.