New York energy broker & consultant bonds.
From $500.
The surety bond the Public Service Commission requires to keep your energy broker or consultant registration. Enter the penal sum your registration calls for — $100,000 for brokers, $50,000 for consultants — and premiums start at $500, with no credit check up to $25,000 .
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How much does a New York energy broker & consultant bond cost?
1% of the bond amount, from $500 at the $50,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score. There is no underwriting queue to wait in. Here is the whole thing:
Apply online
Your business details, the penal sum the PSC requires of your registration — $100,000 if you broker, $50,000 if you consult — and your contact information. That is the application.
Issued on the spot
No credit check up to $25,000. The executed bond is generated as soon as you pay, so you do not wait on an underwriter.
File with the PSC
Submit the executed surety bond with your energy broker or consultant registration. Wet-ink originals mailed whenever the Commission insists on them.
What it is and who needs it.
What the energy broker bond actually covers
New York requires anyone who, for compensation, arranges or advises on the retail purchase of electricity or natural gas for customers to register with the Public Service Commission as an energy broker or energy consultant. The PSC adopted the registration regime under Public Service Law § 66-t.
As a condition of keeping that registration, the Commission requires a surety bond: $100,000 for energy brokers and $50,000 for energy consultants. The bond protects the customers you serve — it guarantees you will answer for violations of the rules governing how you market and arrange their energy supply.
No credit check up to $25,000. You apply, pay a premium starting at $500, and file the executed bond with your PSC registration the same day.
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 the PSC. Submit the executed surety bond with your energy broker or consultant registration. Wet-ink originals mailed whenever the Commission insists on them.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. 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.
One application, issued on the spot.
Submit the application with the penal sum your PSC registration requires — the executed bond is generated instantly, ready to file with the Public Service Commission.
Start the application →Common questions.
Other New York bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Energy bond, filed today.
The bond issues the moment you pay — no credit check up to $25,000. File with the Public Service Commission the same day.