Delmarva Power utility deposit bonds.
From $100. Enter your amount.
Delmarva Power can require a customer to post a deposit to guarantee payment on an electric or natural gas account — under its Delaware tariff (P.S.C. Del. No. 8, on file with the Delaware Public Service Commission) that deposit is capped at two-twelfths of your estimated annual charges. Instead of tying up that cash, Delmarva's credit department accepts a surety bond in its place. The premium is 2% of the bond amount, $100 minimum, priced by the deposit figure Delmarva set, and the application collects no credit information — if a check ever runs, it's a soft pull that won't touch your score.
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Three steps to service.
Enter your amount, consent to a soft pull, and file with Delmarva. Here is the whole thing:
Apply online
Your account details, the deposit amount Delmarva required, and the effective date — the application collects no credit information.
Reviewed & approved
Most applications clear on the spot; if underwriting needs anything, you hear from an underwriter within 48 hours. If a check ever runs, it's a soft pull that never affects your score.
File with Delmarva Power
Receive the executed bond ready to send to Delmarva in place of your cash deposit. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Delmarva Power, the Exelon utility serving Delaware electric and natural gas customers, can require a deposit to secure a customer account. Instead of tying up cash, you post a surety bond the company accepts in its place. The bond is a payment guarantee: it stands behind the utility charges you owe on the account.
It's a three-party arrangement: you (the principal), the surety carrier standing behind you, and Delmarva Power (the obligee), as the utility provider being secured. If the account goes unpaid, Delmarva can recover the owed charges against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The advantage over a cash deposit is that your money stays in your business; pricing is 2% of the deposit amount, $100 minimum — not a credit tier.
You need this bond if you're
One application, issued instantly.
These are the actual underwriting fields — the application collects no credit information. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
Other Delaware bonds.
Service secured, cash kept free.
Enter your required deposit amount and see your exact price at the application. Free until issued.