I recently got a hydro bill that nearly knocked me to the floor. When I first glanced, I was in shock to see the bill nearly $300 more than I had anticipated. I looked over at my windowsill to see if I had a money-tree growing, but with no such luck, I began to look at the details of the hydro bill.
My suspicions were right. There was something unusual about the hydro bill. I had received a charge for a deposit on the account. It was a new account because I had just bought my place at 75 Arlington. I decided to call because a deposit shouldn't have been necessary with my good credit history with the other property.
I was fortunate that I was right. I called Hydro Ottawa, and they were able to remove the required deposit from my bill. I was much happier. I saved myself a couple of hundred dollats.
However, my tip is this. If this is the first time you have a hydro bill, you may wish to get your parents or someone with some credit history to create the account. That way, the deposit is not required. After the account has been setup, you should be able to switch the names on the account without any repurcussions. Even though there is a new name on the account, there is an existing account and the hydro company may not require an account deposit. I figure this is a good way to save some extra coin when you first buy a house. It can be pretty hard on the pocketbooks when you are trying to get everything setup in the house.
This has never been actually tested by me, so I can't guarantee it will work. If it does, let me know and I'll write something to say that it works, so that other people can save some money.
Thursday, April 10, 2008
Hydro Tip
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