BGE deposit bonds.
From $100.
Baltimore Gas and Electric Company (BGE) may ask a new or higher-risk account to post a security deposit before starting or continuing service, and will accept a surety bond in place of that cash deposit. The bond names BGE as obligee in the amount it sets for your account. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a BGE deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The BGE deposit bond has no long underwriting queue for the standard amount — enter your figure, apply, and send the executed bond to BGE. Here is the whole thing:
Apply online
Your account details, the bond amount BGE set, and the effective date — that is the application.
Priced and issued
The premium is 2% of the bond amount, $100 minimum, and the executed bond is generated as soon as you pay. Larger amounts may get a brief review.
File with BGE
Send the executed bond to BGE's customer service or credit department so your cash-deposit requirement is released. Wet-ink originals mailed on request.
What it is and who needs it.
What the BGE deposit bond actually does
Baltimore Gas and Electric Company (BGE) is the regulated investor-owned utility delivering gas and electric service across Baltimore City and much of Central Maryland, subject to the general billing and service oversight of the Maryland Public Service Commission. Like most regulated utilities, BGE may condition new or continued service for a higher-risk account on a security deposit sized to that account's estimated usage and payment history — a policy BGE sets and administers itself, not a fixed statewide dollar figure.
Rather than compel a customer to leave cash on file, BGE will accept a surety bond in the same amount instead. It is a three-party arrangement: you (the principal), the surety carrier, and BGE (the obligee). If the account goes unpaid, BGE can claim against the bond up to the stated amount; if the surety pays, you repay the surety — the bond is not insurance for you.
The deposit figure itself is set by BGE for your specific account — there is no single statutory number we can cite, so confirm the exact amount on your deposit notice or with BGE customer service before you apply. Enter that figure here; we price the bond at 2% of the amount, $100 minimum, and 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 BGE. Send the executed bond to BGE's customer service or credit department so your cash-deposit requirement is released. Wet-ink originals 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.
Priced at the application.
Submit the application with the bond amount BGE set for your account — the premium is 2% of that amount, $100 minimum, and the executed bond is ready to send to BGE the same day.
Start the application →Common questions.
Other Maryland bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the BGE cash deposit with one bond.
2% of the bond amount, $100 minimum. Enter the amount BGE set and see your exact price.