New Jersey Energy Consultant Bond Overview
- Purpose: To enforce rules and regulations for competitive energy sales
- Who Needs It: Energy consultants working in New Jersey
- Regulating Body: The New Jersey Board of Public Utilities
- Bond Amount: $10,000
- Premium Price: $100 for one year
What Is a New Jersey Energy Consultant Bond?
New Jersey energy consultant bonds protect customers from deceptive or unlawful energy brokering practices and financial harm. The bond guarantees energy consultants will adhere to the following requirements:
- Provide independent advice to customers of retail electricity or gas supply or related services
- Legally maintain confidential customer information
It also provides financial recourse if a consultant files for bankruptcy and does not fulfill contracts.
How Much Do Energy Consultant Bonds Cost?
The $10,000 New Jersey energy consultant bond costs $100 for a one-year term. If you select a multi-year term, you can save 25% and time on renewals.
There is no application or credit check requirement. Buy your bond online in minutes.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does the Bond Work?
An energy consultant surety bond creates a financial guarantee and contract between three parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The bonded energy consultant |
| 2) Obligee | The New Jersey Board of Public Utilities |
| 3) Surety | The issuing surety provider |
You, as the bonded principal, are responsible for operating according to industry licensing laws. If you cause damages, the surety will pay out claims to harmed clients. Then, you must repay the surety up to the full bond amount.
How Do I Get My Bond?
Enter your information using the form on this page and complete the secure, online checkout. The Board requires the original bond form with wet signatures.
We’ll mail you the bond via your preferred shipping method. Once you receive and sign the bond, remember to file it with the Board of Public Utilities.
How Long Do I Need the Bond?
Energy consultant bonds are required for as long as you work in New Jersey. Renew your bond by paying the renewal premium and filing the continuation certificate with the Treasurer every 1–3 years.
How to Become an Energy Consultant in New Jersey
If you are already an energy agent and want to become an energy consultant in New Jersey, you must apply with the Board of Public Utilities and submit these materials:
- Complete application form
- Financial statements
- Letter of reference from a licensed lender
- Company profile
- Resume or other document outlining personal industry experience
- List of licensed electric power or gas suppliers that you have arrangements with
- List of all U.S. states and jurisdictions in which you do business
- Signed statement on company letterhead listing affiliations to any other entity
- Proof that you maintain an in-state office
- Certificate of formation, incorporation, or authority
- A $10,000 surety bond
Submit the original application plus two full copies to the following address:
New Jersey Board of Public Utilities, Attn: Licensing and Registration Unit. Division of Audits
44 South Clinton Avenue, 9th Floor, P.O. Box 350, Trenton, NJ 08625-0350
