Utilities Security Deposit
Before you rent a new place, call Utilities Kingston or Hydro One to find out the average monthly cost of hydro or gas. We see many people who can afford their rent but can't afford their utilities. Call before you rent: make sure you don't get a shock when you open your first bill.
Under Ontario Energy Board (OEB) regulations, hydro companies are allowed to charge consumers a security deposit equal to 2.5 times the average monthly consumption over the past year. If the average monthly hydro bill for your home was $150, the hydro company can charge you a deposit of $375.
Natural gas companies may charge security deposits as well. The Ontario Energy Board does not regulate these deposits.