# New York State Energy Broker and Energy Consultant Surety Bond Source: https://a1suretybonds.com/new-york/energy-broker-and-consultant-bond ## Key facts - State: New York - Term: 1 year - Verified against the official source: [documents.dps.ny.gov](https://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=%7BB0C5059C-0000-C437-84BF-D88801EC2C07%7D&DocTitle=Order+Adopting+Energy+Broker+and+Consultant+Financial+Assurance+Requirements) on October 25, 2026 - Apply online: https://a1suretybonds.com/application/index/8762/35 **Compliance Guide Under Public Service Law § 66-t** Energy Brokers and Energy Consultants operating in New York State are subject to mandatory registration and compliance requirements enforced by the **New York State Department of Public Service (DPS)** and the **New York Public Service Commission (PSC)**. One of the most important of these requirements is obtaining the **New York State Energy Broker and Energy Consultant Surety Bond**. This bond is a **statutory registration requirement** under **Public Service Law (PSL) § 66-t** and is designed to protect consumers, promote transparency, and ensure accountability in New York’s energy marketplace. This guide explains **who needs the bond, what it is, why it is required, how much it costs, and how to secure it**, with direct references to New York law and regulatory authority. [Apply for your NY State Energy Broker and Energy Consultant Surety Bond today!](https://a1suretybonds.com/application/index/8762/35) ### New York Energy Broker and Consultant Bond Requirements at a Glance **Who needs it:** Energy Brokers and Energy Consultants operating or soliciting business in New York **Bond amounts:** $100,000 for Energy Brokers $50,000 for Energy Consultants **Regulating authority:** New York State Department of Public Service / Public Service Commission **Statutory authority:** Public Service Law § 66-t **Purpose:** Consumer protection and regulatory compliance [Get your NY State Energy Broker and Energy Consultant bond now!](https://a1suretybonds.com/application/index/8762/35) ### Who Needs the New York State Energy Broker and Energy Consultant Surety Bond The **New York State Energy Broker and Energy Consultant Surety Bond** is required for **any entity operating or soliciting business in New York State** as an Energy Broker or Energy Consultant. You are required to obtain this bond if you: Act as an **Energy Broker**, arranging, negotiating, or facilitating energy supply contracts Act as an **Energy Consultant**, providing advisory services related to energy procurement, pricing, or strategy Market or solicit energy-related services to New York consumers or businesses Seek registration with the **New York Public Service Commission** The requirement applies **regardless of business domicile**. Out-of-state companies are not exempt if they conduct energy brokerage or consulting activities affecting New York customers. ### What Is the New York State Energy Broker and Energy Consultant Surety Bond The **New York Energy Broker and Energy Consultant Surety Bond** is a financial guarantee that ensures registered entities comply with applicable laws, regulations, and consumer protection standards. It is a three-party agreement involving: **Principal:** The Energy Broker or Energy Consultant **Obligee:** The **New York State Department of Public Service** **Surety:** The bonding company issuing the bond The bond does **not protect the business**. Instead, it protects consumers and the State by providing financial recourse if the bonded entity violates statutory obligations, engages in deceptive practices, or fails to comply with PSC regulations. ### Why New York Requires Energy Broker and Consultant Surety Bonds New York’s energy market involves complex pricing structures and long-term financial commitments for consumers. To mitigate risk, the State requires Energy Brokers and Consultants to demonstrate financial accountability through surety bonding. The bond requirement ensures that registrants: Follow ethical marketing and disclosure standards Comply with all applicable statutes and regulations Remain financially accountable for misconduct or noncompliance Protect consumers from deceptive or unfair practices This requirement reinforces market integrity while providing regulators with an enforcement mechanism when violations occur. ### Statutory and Regulatory Authority #### Public Service Law § 66-t The bond requirement is established under **Public Service Law § 66-t**, which mandates that **Energy Brokers and Energy Consultants (EB&Cs)** register with the **New York Public Service Commission**. PSL § 66-t authorizes the Commission to impose conditions on registration, including financial security requirements such as surety bonds, to protect consumers and ensure compliance. #### New York State Department of Public Service (DPS) The **New York State Department of Public Service** administers and enforces EB&C registration requirements. DPS oversees compliance, investigates violations, and may take enforcement action against unbonded or non-compliant entities. #### Uniform Business Practices (UBP) Registered Energy Brokers and Consultants must comply with the **Uniform Business Practices (UBP)**, which govern: Marketing and solicitation standards Consumer disclosures Recordkeeping requirements Complaint handling procedures #### UBP-DERS Entities involved in distributed energy resources are also subject to the **Uniform Business Practices for Distributed Energy Resource Suppliers (UBP-DERS)**, which impose additional operational and consumer protection obligations. ### Bond Amount Requirements for Energy Brokers and Energy Consultants New York imposes different bond amounts based on registration type: **Energy Broker Surety Bond:** **$100,000 - ** [Apply Now](https://a1suretybonds.com/application/index/8762/35) **Energy Consultant Surety Bond:** **$50,000 - ** [Apply Now](https://a1suretybonds.com/application/index/8762/35) These amounts represent the **maximum liability of the surety**, not the cost of the bond. The required amounts reflect the higher potential consumer impact associated with brokerage activities. ### How Much Does the New York Energy Broker and Consultant Surety Bond Cost The cost of the **New York State Energy Broker and Energy Consultant Surety Bond** is typically 2% annually of the total bond amount and is determined through underwriting. Premiums can be influenced by: Business & Personal credit profile Financial strength Industry experience Bond amount required Because the **$100,000 Energy Broker bond** carries greater regulatory risk, it often involves more detailed underwriting than the $50,000 Energy Consultant bond. Premiums are paid annually and must remain active to maintain PSC registration. ### Underwriting and Approval Process The New York Energy Broker and Energy Consultant Surety Bond requires underwriting by the surety company. Underwriting may include: Personal & Business Credit evaluation Ownership and management review Industry experience assessment Review of business financial statements Working with a surety bond agency experienced in New York energy regulation can significantly reduce approval time and avoid documentation delays. ### How to Secure the New York Energy Broker or Energy Consultant Surety Bond The process typically includes: **Determine Registration Classification** Identify whether you are registering as an Energy Broker or Energy Consultant. **Confirm Bond Amount** $100,000 for Brokers or $50,000 for Consultants. **Submit a Surety Bond Application - ** [Apply now!](https://a1suretybonds.com/application/index/8762/35) Provide required business and financial information. **Underwriting Review** The surety evaluates risk and determines premium. **Bond Issuance** The bond is issued for submission with PSC registration materials. Experienced surety specialists help ensure the bond meets DPS and PSC requirements exactly as required. ### Consequences of Operating Without the Required Bond Operating without the required **New York Energy Broker Surety Bond** or **Energy Consultant Surety Bond** can result in: Denial or revocation of PSC registration Regulatory enforcement actions Financial penalties Inability to legally solicit or conduct business Reputational harm Maintaining an active bond is a **condition of lawful operation** and compliance under New York law. ### Why Work With a Specialized Surety Bond Provider Energy compliance bonds involve regulatory nuances that differ from standard license bonds. Working with a provider experienced in **New York Public Service Law § 66-t** ensures: Accurate statutory alignment Proper bond wording Efficient underwriting Faster approvals Expert handling reduces regulatory risk and keeps your registration on track. [Don't Wait, get your NY Energy Broker and Consultant Surety bond now!](https://a1suretybonds.com/application/index/8762/35) ### Get Started Today If you are registering as an Energy Broker or Energy Consultant in New York, securing the correct surety bond is a critical compliance step. A1SuretyBonds.com specializes in surety bonds and understands the requirements imposed by the **New York State Department of Public Service**, the **Public Service Commission**, and **Public Service Law § 66-t**. Are you licensed in multiple states? Let us know and we can help you secure the bonds for all your licensing needs, Nationwide! --- A1 Surety Bonds (The Surety Syndicate, LLC), a nationwide surety bond agency · (800) 737-4880 · info@a1suretybonds.com · https://a1suretybonds.com Requirements are set by each state or agency and can change; the obligee's current instructions and the law control.