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Washington, D.C. Energy Broker Bond

How much does an energy broker bond cost in Washington, D.C.?

Energy brokers in Washington, D.C. must post surety bonds in varying amounts prior to conducting business in the district. Applicants should verify their required bond amount with the District of Columbia Service Commission before applying.

These bonds are subject to underwriting consideration, which means the price you’ll pay depends on the amount of coverage needed as well as your financial credentials. Since both the required amount and price of this bond can vary so much, our experts recommend applying online now to request a free, personalized surety bond quote!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Energy Broker Bond Varies Starts at 1% 5-10% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Ready to get bonded quickly, easily and accurately? Call 1 (800) 308-4358, or click here to connect with our team of surety bond experts who will walk you through each step of the bonding process.

Why do I need this bond?

Energy broker bonds in Washington, D.C., are put in place to ensure that principals (brokers) work in compliance with the rules, regulations and ordinances related to the issuance of their license. If the principal fails to conduct business according to the statutes outlined in the bond’s language, claims can be filed against the bond to reimburse financial loss up to the bond amount. Principals must always reimburse the surety for all damages paid out.

For more information on energy broker bonds in the District of Columbia, you can request additional information online now.

What’s the fine print?

Washington, D.C., energy broker bonds remain in full force and effect until canceled. The surety can cancel the bond at any time by giving written notice of cancellation to the commission. Termination becomes effective 30 days after the notice is received.

The bond can be extended for additional 1-year terms with a continuation certificate issued by the surety.

How to become an energy broker in Washington DC

If your business provides energy brokering services in the District of Columbia, you may be required to have an Energy Broker License issued by the Public Service Commission.

To obtain and maintain this license, the district requires an application, a $400 fee, extensive supporting documentation and annual reports.

Take the first step toward becoming licensed in Washington, D.C, by purchasing the surety bond you need today!

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Energy Broker Bond

Washington DC Electricity Supplier License Application & Applicable Laws

Public Service Commission of the District of Columbia

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