Delmarva Power utility deposit bonds.
From $100.
Delmarva Power can require a customer to post a deposit to guarantee payment on an electric or natural gas account, capped under its Delaware tariff (P.S.C. Del. No. 8) at two-twelfths of your estimated annual charges. Delmarva accepts a surety bond instead of cash. The premium is 2% of the bond amount, $100 minimum.
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How much does a Delmarva Power utility deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps to service.
Enter your amount and file with Delmarva. Here is the whole thing:
Apply online
No credit check up to $15,000.
Reviewed & approved
Most applications clear on the spot; if underwriting needs anything, you hear from an underwriter within 48 hours. No credit check up to $15,000.
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
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 Delmarva Power. Receive the executed bond ready to send to Delmarva in place of your cash deposit. Wet-ink original mailed on request.
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 application, issued instantly.
These are the actual issuing fields. No credit check up to $15,000. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
Other Delaware bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Service secured, cash kept free.
Enter your required deposit amount and see your exact price at the application. Free until issued.