MD 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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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 financials, no credit section.
Pay & e-sign
License-style bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
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 fields in the application.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — no credit section, because this application does not collect credit information.
Start the application →Common questions.
Other Maryland bonds.
The PSC is waiting on one document.
$200 flat, no credit review, bond often issued in the same sitting. Free until issued.