Amendment status not verified — confirm the current text below against the official source.
(1) During the first quarter of the financial year, the licensee shall review the consumption pattern of the consumer from April to March of the previous year, for assessing the adequacy of the security deposit. (2) The consumer is required to maintain a security deposit as specified in sub-regulation (6) of Regulation 67 of the Code, where 'average monthly bill' [amount shall be calculated based on the average monthly consumption of the previous financial year and the prevailing tariff as on the date of demand of security deposit] (3) If on review, it is found that the security deposit available with the licensee is more than what is required, the excess amount shall be refunded to the consumer and such refund of security to the consumer by the licensee, as and when arises, shall be made without any other formalities, by way of adjustment in a maximum of two ensuing electricity bills. (4) Based on the review, the licensee may demand for additional security deposit for making up the deficit if any, in the security deposit, by giving thirty days notice to the consumer (5) The consumer shall deposit the additional security deposit as per the demand raised by the licensee: Provided that for a consumer whose electricity connection is less than one year old, the security deposit shall not be revised at the beginning of the ensuing financial year and subsequently, the security deposit shall be revised annually as per the procedure laid down in sub-regulation (1) above. Substituted by Kerala Electricity Supply (Amendment) Code, 2016. Prior to the amendment it read as "shall be equal to the average of the demand raised in the previous financial year"