This serves as notice of the yearly review of risk deposits held on all post-paid electricity, water and sanitation utility services.
As per the municipal or local authority requirements, a risk deposit that is held, should be equal to at least two month’s utilities account.
Yearly tariffs increase and possible increase in utilities consumption on monthly accounts, necessitates the review of the risk deposit held.
The risk deposit increase (if required) is calculated using historical consumption and account patterns on all current post-paid utilities’ services.
Clients who are only on prepaid electricity, do not have to contribute towards electrical risk deposits.
The risk deposit adjustment will be raised on the 202412 statement that will be issued on or about the 22nd of November 2024.
If there are any questions or concerns, please do not hesitate to contact us.
Please include account number, unit and complex name in subject line and correspondence.
Office number: 012 426 3400
Risk deposit queries: riskdeposit@midcityutilities.co.za
Regards,
MidCity Utilities Team