How to Get an Energy Broker and Consultant License in New York
SuretyBonds.com does not regulate or manage energy broker and consultant licenses in New York. Contact the New York State Department of Public Service for the latest official requirements.
How to Become an Energy Broker or Consultant in New York
Under New York Public Service Law, all energy brokers and consultants must register with the state. This guide will break down the registration process and answer common questions about becoming an energy broker or consultant.
How Do I Register as an Energy Broker or Consultant in New York?
Follow these three steps to register with the New York State Department of Public Service.
Step 1: Register your business
First, select a business structure, such as LLC or sole proprietorship. Then, register your business entity with the state based on the requirements for your chosen structure.
Step 2: Purchase a surety bond
Next, purchase a surety bond. This is how you demonstrate financial accountability for your business.
Energy consultants need a $50,000 bond. Energy brokers or dual licensees need a $100,000 bond. Visit our New York energy broker and consultant bond page to get a free quote. Rates start at $500 per year.
Step 3: Submit application
Upload the following materials online to Matter 23-01227.
- Registration form
- A separate cover letter, typically stating what you are filing and why and who is submitting it
- Sample client contracts, notices and disclosures
- Copies of any marketing materials
- Articles of Incorporation
Then, mail a $500 check to the following address:
Department of Public Service
Attn: Finance and Budget Section
3 Empire State Plaza, 16th Floor
Albany, NY 12223-1350
Annual Reporting Requirements for New York Energy Brokers and Consultants
The annual compliance documents are due annually on August 31. Once you are a registered energy broker or energy consultant, you must submit the following three forms:
- An attestation that all information is current OR a description of revisions to the registration form with a copy of the changes
- Officer certification document
- Cover letter
Upload the documents online to Matter 25-00092 and mail the annual $500 registration fee to the same address as before. You can then view and save your annual compliance letter from your online account.
How Much Does It Cost to Register as an Energy Broker and Consultant?
You can expect to pay at least $1,000 to register as an energy broker or consultant in New York. This includes the $500 registration fee and the $500+ surety bond premium.
Energy Broker and Energy Consultant License FAQs
What Is the New Bond Requirement for NY Energy Brokers and Consultants?
In March 2026, revisions to NY Public Service Law §66-t introduced a bond requirement for New York energy brokers and consultants. This update expands on the 2024 registration requirement and further tightens industry regulation.
Read our blog post to learn more about this change and how you can stay compliant.
Do Employees Need to Register?
No, the direct employees of an energy broker or energy consultant are not required to register. However, they must be supervised consistently by a registered broker or consultant.
What Is the Difference Between an Energy Broker vs. an Energy Consultant?
Energy consultants focus on advising. They help businesses reduce utility costs, improve efficiency and secure energy contracts.
Energy brokers handle transactions and negotiations. They are non-utility companies that arrange electricity or natural gas contracts between energy suppliers (ESCOs) and customers. They don’t own or sell the energy themselves.
Do I Need an LLC to Be an Energy Broker or Consultant?
No, energy brokers and consultants can operate as sole proprietors or partnerships. However, you still need to register, even if you work independently.
How Much Do Energy Brokers and Consultants Make in New York?
Energy consultants in New York earn an average of $92,557 per year (Indeed), and energy brokers earn an average of $108,985 (Salary Expert).
New York salaries may be higher than in other states because brokers and consultants typically see higher income in New York City, sometimes over $200,000.
Energy brokers and consultants primarily make money through commissions paid by retail energy suppliers. These fees are usually built directly into the energy rate the client is offered.
Last Updated: April 28, 2026
