Earning Interest on Electricity Deposits

< 1 minute read Graham Lumley Last update February 2024

In some case, BKV Energy requires a deposit to provide electricity services to customers in Texas. Learn how to have your electricity deposit waived.

After 12 months of consecutive on-time bill payments, BKV Energy returns your electricity deposit back to you in full with interest applied.

The current interest rate for electricity deposits is 4.86%.

The Public Utility of Commission resets the interest rates annually on December 1st per PUC Substantive Rule 25.24(g) that contains the provisions relating to the payment of interest on customer deposits.

Here are the historical interest rates going back to 2006.

Calendar YearCustomer Deposit Interest Rate
20244.86%
20231.36%
20220.06%
20210.61%
20202.21%
20191.92%
20180.91%
20170.42%
20160.11%
20150.07%
20140.09%
20130.12%
20120.12%
20110.19%
20100.34%
20092.09%
20084.69%
20074.68%
20063.09%
Source: https://ftp.puc.texas.gov/public/puct-info/industry/electric/reports/HRates/HistRates.pdf