NY energy broker & consultant bonds.
3% flat. No credit check.
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 the quote is a flat 3% of that amount, with no credit check on this bond.
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Apply to filed in one sitting.
There is no credit check on this bond, so 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 entire application.
Issued on the spot
There is no credit pull on this bond. 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.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. The $100,000 broker bond is $3,000; the $50,000 consultant bond is $1,500.
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.
Because this bond is not credit-underwritten on our paper, it is fast: no financial statements and no credit check on this bond. You apply, pay 3% of the penal sum, and file the executed bond with your PSC registration the same day.
You need this bond if you are
Five minutes, 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.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
Energy bond, filed today.
Five-minute application, no credit check, a flat 3% of your penal sum. File with the Public Service Commission the same day.