Washington DC Retail Electric Supplier Aggregator and Brokers are required pursuant to the Retail Electric Competition and Consumer Protection Act of 1999, D.C. Law 13-107, Section 105, to file a Washington DC Retail Electric Supplier Integrity Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Washington DC Retail Electric Supplier Integrity Bond holds you accountable for your business decisions.
By possessing a Washington DC Retail Electric Supplier Integrity Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.