Reliant Energy deposit bonds.
2% of the bond amount.
Reliant Energy Retail Services, LLC, a retail electric provider serving deregulated areas of Texas, can require a residential or commercial customer to post a security deposit before starting service, and its own policy lets you satisfy that requirement with a surety bond instead of tying up cash. Pricing is 2% of the bond amount, $100 minimum. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver to Reliant. Here is the whole thing:
Apply online
Your business or account details, the deposit amount Reliant set, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information of any kind, so the bond issues as soon as you pay.
Deliver to Reliant
Submit the executed bond to Reliant Energy Retail Services to satisfy your deposit requirement and start or continue service. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Reliant Energy Retail Services, LLC is a retail electric provider (REP) operating in the deregulated areas of the Texas electric market regulated by the Public Utility Commission of Texas (PUCT). Like other REPs, it can require a customer without an established credit history to post a security deposit before energizing service, and Reliant's own policy lets a customer satisfy that requirement with a surety bond instead of cash.
The bond is a guarantee to Reliant that your electric charges will be paid. If the account is closed with an unpaid balance, Reliant can recover against the bond up to the deposit amount, rather than against a cash deposit it would otherwise hold.
It is not insurance for you — if the surety pays Reliant, you repay the surety. The advantage is cash flow: you pay a small premium instead of locking up the full deposit. Enter the figure Reliant set and see your exact price — the bond issues the moment you pay, with no credit review of any kind, not even a soft pull.
You need this bond if you are
One application, issued on the spot.
These are the actual issuing fields — no credit section, because this application doesn't collect credit information of any kind.
Start the application →Common questions.
Other Texas bonds.
Free up cash instead of leaving it on deposit.
Rated at 2% of the bond amount, $100 minimum. Enter the figure Reliant set and deliver the executed bond the same day. Free until issued.