New Jersey electric/gas supplier bonds.
$5,000 flat.
Every licensed third-party electric power or gas supplier in New Jersey must post a $250,000 bond with the Board of Public Utilities for each commodity license. Ours is $5,000 flat — set by our carrier's rate book for this bond, identical for every supplier. A soft credit pull may apply, never a hard inquiry; e-signed in 1–2 business days.
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How much does a New Jersey electric/gas supplier bond cost?
$5,000 at the $250,000 amount, the same for every applicant.
Three steps to licensed.
Your supplier license is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, a few commercial questions, and an effective date. The only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
A $250,000 bond gets a real underwriting look; you typically hear back within 48 hours. One soft credit pull, never a hard inquiry, and it never affects your score.
E-sign & file with the BPU
Pay online and receive the executed bond ready to file with your Board of Public Utilities license application or renewal. Wet-ink originals mailed whenever the Board insists.
What it is and who needs it.
What the bond actually guarantees
New Jersey's restructured energy market lets customers buy electricity or natural gas from a third-party supplier (TPS) instead of the utility. The Board of Public Utilities licenses these suppliers under the Electric Discount and Energy Competition Act and requires each to post a surety bond as evidence of financial integrity.
Under N.J.A.C. 14:4-5.4 the bond is $250,000 for each license — so a supplier licensed for both electric and gas posts the bond for each commodity. It insures against the supplier's failure to pay New Jersey taxes or assessments, or to meet its contractual commitments to deliver electric generation or gas supply service to New Jersey customers.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must be maintained for as long as the license is valid; we track it and notify you 60 and 30 days out so your $250,000 filing stays continuous.
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 $250,000 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
E-sign & file with the BPU. Pay online and receive the executed bond ready to file with your Board of Public Utilities license application or renewal. Wet-ink originals mailed whenever the Board insists.
What sets the price
The premium is fixed at $5,000 at the $250,000 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: approved instantly, or after a quick credit check.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
Other New Jersey bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The Board of Public Utilities is waiting on one document.
$5,000 flat, short application, e-signed bond in 1–2 business days. Free until issued.