Maryland electricity broker bonds.
$200 flat.
A Maryland electricity broker or aggregator that does not take title to power files a $10,000 bond with the Public Service Commission. Ours is $200 flat — identical for everyone — and these license-style bonds issue fast.
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How much does a Maryland electricity broker bond cost?
$200 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
Broker bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
License-style bonds like this are among the thousands of bond types that issue right after purchase.
File with the PSC
Your executed bond and power of attorney arrive by email, ready to file with your Public Service Commission license application. Wet-ink original mailed on request.
What it is and who needs it.
What the broker/aggregator bond covers
Maryland deregulated retail electricity, and the Public Service Commission licenses the companies that operate in that market. A broker arranges supply between customers and suppliers, and an aggregator combines customers' demand — but neither takes title to the electricity itself.
Because brokers and aggregators do not own the power they arrange, the PSC sets a smaller $10,000 bond for them — distinct from the much larger security a supplier that takes title must post. The bond runs to the Public Service Commission and backs the broker or aggregator's compliance with the law and its obligations to customers and the State.
It is a compliance guarantee, not insurance for you. If a broker fails to perform its legal obligations and the State or a customer is harmed, they can recover against the bond — and if the surety pays, you repay the surety. Whatever your role, we issue the $10,000 bond for $200, with no credit check in the application.
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 $10,000 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 the PSC. Your executed bond and power of attorney arrive by email, ready to file with your Public Service Commission license application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $200 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
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 .
The PSC is waiting on one document.
$200 flat, no credit check, bond often issued in the same sitting. Free until issued.