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Deposit Alternatives Announces Strategic Partnership with EEI.

Deposit Alternatives announces a strategic relationship with the Edison Electric Institute (EEI), supporting initiatives to reimagine security deposit solutions.

The Deposit Alternatives Plan

Our Deposit Alternative Plan (DAP) offers electric utility customers the choice of a smaller, nonrefundable charge-usually 50% of a traditional deposit-at activation and guarantees reimbursement to utilities if a DAP-enrollee customer defaults.

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“I’m so glad the DAP option was available because it saved us money at the time. Moving was very expensive, and we had to pay deposits for several other utilities as well. I’m really grateful an offer like DAP was available for our family. I don't know what we would have done otherwise.”

Customer comment provided during an electric utility's annual survey.

Want to learn more about the Deposit Alternative Plan? Reach out to learn how DAP can assist low-income customers and improve your service activation process.

 
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Industry leaders committed to enhancing customer experiences and innovation in the electric utility industry. 

AN INNOVATIVE

PARTNERSHIP 

Today, customers expect electric companies to deliver the same level of service and customization they‘ve become accustomed to with other industries. As a result, electric companies must remain agile and ready to adapt to ever-changing consumer demands.

We are proud to be members of the Edison Electric Institute, an organization that builds partnerships promoting diversity, encourages growth, and advances the industry. We see great value in this partnership ​and plan to use their resources to strengthen our reach as well as enhance communities around the country with our solutions.

Mike Kerce

CEO, Deposit Alternatives

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ABOUT DEPOSIT ALTERNATIVES

Deposit Alternatives offers electric companies a new simple, secure alternative to traditional security deposits.

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ABOUT EDISON ELECTRIC INSTITUTE

The Edison Electric Institute (EEI) represents U.S. investor-owned electric companies, provide electricity for 220 million Americans.

Learn how the Deposit Alternatives Plan assists low-income customers and enhances the customer experience during account activations.

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LET'S WORK TOGETHER