Connecticut electric supplier bonds.
From $100.
A Connecticut electric supplier is licensed by PURA under CGS 16-245 and must provide and maintain a bond or other security in an amount and form PURA approves, to ensure its financial responsibility and supply of electricity to customers. The premium is 2% of the bond amount, $100 minimum — your exact price shows at the application.
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How much does a Connecticut electric supplier bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Enter your amount, pay, and file with PURA. Here is the whole thing:
Apply online
Your business details, the bond amount PURA approved, and the effective date — that is the application.
Issued after a brief look
Electric-supplier bonds run to larger amounts and get a quick underwriting review; if anything is needed, an underwriter follows up within 48 hours. No credit check up to $15,000.
File with PURA
Submit the executed bond to satisfy your electric supplier license condition. Wet-ink originals mailed whenever PURA insists.
What it is and who needs it.
What the electric supplier bond actually covers
Connecticut lets electric suppliers compete to sell generation service to customers, delivered over the regulated utility's wires. Under CGS 16-245, PURA licenses electric suppliers and will not issue a license unless the applicant demonstrates technical, managerial, and financial capability.
Part of that financial showing is a bond: the supplier must provide and maintain a bond or other security, in an amount and form PURA approves, to ensure its financial responsibility and its supply of electricity to end-use customers under its contracts and arrangements.
The bond stands behind the supplier’s obligations to its customers and the grid — if the supplier fails to perform and someone is harmed, they can recover against the bond, and if the surety pays, the supplier repays the surety. PURA sets the amount; some suppliers see figures in the six-figure range. Enter the amount PURA approved, and we price it at 2% of that amount, $100 minimum. No credit check up to $15,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with PURA. Submit the executed bond to satisfy your electric supplier license condition. Wet-ink originals mailed whenever PURA insists.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One short form to apply.
Submit the application with the bond amount PURA approved — electric-supplier bonds get a quick underwriting look; no credit check up to $15,000.
Start the application →Common questions.
Other Connecticut bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Electric supplier bond, priced honestly.
From $100. Enter the amount PURA approved and file it.