NY energy broker & consultant bonds.
From $100.

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 $100, with no credit information collected on this bond.

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Required by the NY Public Service Commission under Public Service Law § 66-t

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Penal sum is $100,000 for brokers, $50,000 for consultants — enter what your registration states

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No credit information collected on this bond — apply, pay, and file the executed bond the same day

From $100your exact price at applicationNo SSNon this bondSame dayready to file with the PSC

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How it works

Apply to filed in one sitting.

The application collects no credit information on this bond, so there is no underwriting queue to wait in. Here is the whole thing:

TODAY · ONLINE

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.

INSTANTLY

Issued on the spot

The application collects no credit information. The executed bond is generated as soon as you pay, so you do not wait on an underwriter.

SAME DAY

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.

About this bond

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.

This bond is fast: no financial statements and no credit information collected. You apply, pay a premium starting at $100, and file the executed bond with your PSC registration the same day.

NY Public Service Law § 66-tThe Public Service Commission requires energy brokers and energy consultants to register and to maintain a surety bond — $100,000 for brokers, $50,000 for consultants — accepted only from a surety authorized to transact business in New York.

You need this bond if you are

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An energy broker arranging retail electricity or natural gas supply for customers for compensation — your penal sum is $100,000

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An energy consultant advising customers on their retail energy supply — your penal sum is $50,000

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An ESCO the PSC has determined must also register as a broker or consultant for the activity you perform

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Renewing or maintaining a PSC registration the Commission will not keep active without a current bond on file

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 →

FAQ

Common questions.

How much is the New York energy broker bond?The penal sum is set by the Public Service Commission: $100,000 for energy brokers and $50,000 for energy consultants. Premiums start at $100 and scale with the penal sum. Enter the amount your registration requires and your exact price appears at the application.

Who has to register and bond with the PSC?Under Public Service Law § 66-t, anyone who for compensation arranges or advises on the retail purchase of electricity or natural gas for customers must register with the Public Service Commission as an energy broker or energy consultant, and maintain the required surety bond. The PSC has also determined that some ESCOs must register as brokers or consultants for the activity they perform.

Do I need a credit check?The application collects no credit information at all. You apply, pay a premium starting at $100, and the executed bond is issued on the spot.

How fast can I get it?Immediately. Because the application collects no credit information, the executed bond is generated the moment you pay, so you can file it with your PSC registration the same day you apply. There is no underwriting queue.

What is the difference between an energy broker and an energy consultant bond?They are the same bond at different penal sums. The Public Service Commission requires brokers — who arrange retail energy supply — to carry a $100,000 bond, and consultants — who advise on it — to carry $50,000. File the amount that matches the registration you hold.

Related bonds

Other New York bonds.

Energy bond, filed today.

The bond issues the moment you pay — no credit review of any kind, not even a soft pull. File with the Public Service Commission the same day.

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Your premiumfrom $100

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