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Texas
ERCOT Bond

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Coverage Amount: $1,000 - $100,000
Term Length: 1 year
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Texas ERCOT Bond Guide

If you’re an ERCOT electrical services market participant, you may need this surety bond. 

Bond Overview

  • Purpose: To prove credit-worthiness to ERCOT
  • Who Needs It: ERCOT market participants or counter-parties
  • Regulating Body: The Electric Reliability Council of Texas, Inc.
  • Required Coverage: $1,000–$100,000
  • Premium Rate: 1–15%, credit-based

Learn all about the bond requirements and process in this guide.

What Is a Texas ERCOT Bond?

A Texas ERCOT bond is a form of financial security that market participants can use to prove creditworthiness to the Electric Reliability Council of Texas. 

How Much Do ERCOT Bonds Cost?

Texas ERCOT bonds cost a small percentage of the required coverage amount, typically 1–15%. Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$1,000-$100,000ERCOT Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs an ERCOT Bond? 

The Electric Reliability Council of Texas, Inc. requires proof of ERCOT creditworthiness for all market participants. 

Filing a surety bond is one of the alternative means of meeting the creditworthiness requirements, along with letters of credit. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Texas ERCOT bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file it with ERCOT as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Texas ERCOT Bond Work? 

An ERCOT bond creates a legal contract between these three parties: 

  1. Principal: You, the electric market participant filing the bond
  2. Obligee: The Electric Reliability Council of Texas, Inc. requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the Standard Form Market Participant Agreement terms. 

How Do I Renew My Bond?

These bonds expire annually. To renew your ERCOT bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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