What are your deposit requirements?

Bord Gáis Energy, in some instances, will ask for a security deposit from our business customers. For each new business application that we receive, we'll complete a credit check to establish whether or not a deposit is required. See below for further detail on our security/deposit requirements for business customers: 

Payment terms and method 

• Bills are due for payment 14 days after the date on the bill (unless agreed otherwise with us). 
• Our customers must pay us by direct debit (unless agreed otherwise with us). 
• In some instances, Bord Gáis Energy will ask for a security deposit from our business customers.

Performing a Credit Check 

• Our credit check reviews the risk carried by each customer. For example, we look at industry risk which is established by using independent risk assessment company.
• We'll also look at previous payment history. For example, if you've been a customer previously and have left debt on your account. 

Requesting a Security Deposit 

• Once the credit check/risk review is carried out, we'll decide whether a security deposit is required. The average security deposit we ask for is €1000. 
• The deposit amount that we ask for is based on the company's risk profile and projected energy consumption. 
• In some instances, we may not require a security deposit if the credit check is acceptable, the industry risk is low or if we can confirm a good previous payment history.  

Returning a Security Deposit 

• The deposit payment will be retained until either the contract ends or will be returned to our customer, at our discretion, based on the customer’s adherence to our payment terms and other factors.