BGE electricity supplier bonds.
$500 flat.
Baltimore Gas and Electric Company requires a competitive electricity supplier serving customers in its territory to post $25,000 in collateral under BGE's Electricity Supplier Coordination Tariff — a surety bond is one of four accepted forms, alongside a letter of credit, a guaranty, or cash. Ours is $500 flat, and the price you see is the checkout price.
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How much does a BGE electricity supplier bond cost?
$500 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Satisfying BGE's collateral standard with a bond is about the simplest way to clear it. Here's the entire process:
Apply online
Business details and an effective date. That's the application — a short credit consent, no financials.
Pay & e-sign
Supplier collateral bonds like this are among the thousands of bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
File with BGE
Your executed bond and power of attorney arrive by email, ready to submit to BGE's supplier coordination team. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Before BGE will coordinate billing and metering for a competitive electricity supplier, it screens the supplier against the creditworthiness standard in its Electricity Supplier Coordination Tariff. A supplier that doesn't meet the standard outright must post $25,000 in collateral — a letter of credit, a guaranty, cash, or a surety bond.
It's a three-party arrangement: you (the principal), the surety carrier, and Baltimore Gas and Electric Company (the obligee). If you fail to pay charges BGE bills on your behalf, BGE can draw against the bond up to $25,000.
It is not insurance for you — if the surety pays a claim, you repay the surety. This bond satisfies BGE's tariff collateral standard specifically; it does not replace the separate license a supplier must hold from the Maryland Public Service Commission to sell electricity in the state.
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 $25,000 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; a longer term is the same price per year, chosen at checkout.
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 BGE. Your executed bond and power of attorney arrive by email, ready to submit to BGE's supplier coordination team. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $500 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it 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 — a short credit consent, no financial statements.
Start the application →Common questions.
Other Maryland bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Clear BGE's collateral standard today.
$500 flat, soft pull only, bond often issued in the same sitting. Free until issued.