Illinois Energy Broker Bond Overview
- Purpose: To ensure energy brokers operate honestly and lawfully
- Who Needs It: All energy agent, broker and consultant (ABC) licensees in Illinois
- Regulating Body: The Illinois Commerce Commission
- Bond Amount: $5,000
- Premium Price: $100 for one year
What Is an Illinois Energy Agent, Broker or Consultant License Bond?
Illinois energy agent, broker or consultant (ABC) bonds ensure that energy agents work according to industry regulations. These include, but are not limited to, the following:
- Disclosing they are not employed by the energy supplier(s)
- Disclosing that the energy supplier will provide them with compensation (if applicable)
- Marketing themselves, their services, and the energy provider honestly
All new licensees must file a $5,000 ABC bond with the Illinois Commerce Commission.
Who Needs a Bond?
All professionals who broker utility services to consumers in Illinois must be bonded. This includes agents, brokers, and consultants — any entity that procures or sells retail electric service to Illinois customers.
How Much Do Energy Broker Bonds Cost in Illinois?
The state-required $5,000 energy broker, agent or consultant bond costs $100 for one year of coverage. Or, you can save 25% by selecting a multi-year term.
If you need higher coverage, the bond will cost 1–10% of the bond amount based on credit score.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does an Energy Agent License Bond Work?
This type of surety bond enters the energy agent, broker or consultant into a legal contract with two other parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The bonded energy agent, broker or consultant |
| 2) Obligee | The Illinois Commerce Commission |
| 3) Surety | The issuing surety provider |
As the bonded principal, you promise to uphold state licensing laws. If you act deceptively, harmed customers can file bond claims to recover damages. The surety will pay out valid claims, then seek repayment from you.
How Do I Get My Bond?
You can buy your bond instantly online. Enter your personal and business information then checkout through our secure portal. Check your email for the official bond documents 5–10 minutes later.
How Do I File My Bond?
You’ll submit your signed bond form along with your Energy ABC License application. Submit the application packet through the ICC’s E-Docket, or mail it to this address:
Chief Clerk
Illinois Commerce Commission
527 E. Capitol Ave.
Springfield, IL 62701
Can I Get Bonded With Bad Credit?
Yes, there is no credit requirement for the $5,000 bond. Everyone qualifies for the same flat rate.
If you need a larger bond amount, credit may impact your eligibility or your premium rate. However, we work to approve the majority of bond applicants at the best rate available.
How Do I Renew My Bond?
We’ll send renewal reminders via email and text before your bond expires. To extend the coverage for another 1–3 year term, just pay the renewal premium when prompted. You don’t need to file any additional paperwork.
