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Reminder: Revised New York UBP Rules for ESCOs, Brokers and DERs Effective April 30th
As reported previously, on January 28, 2026 the New York PSC issued an order reinstating financial accountability requirements for energy broker and consultant registration and adopting Staff’s proposed financial assurance framework.
The recently revised Uniform Business Practices (UBPs) rules are applicable to ESCOs, Brokers/Consultants and Distributed Energy Resource Suppliers (DERs).
The revised UBP rules are effective April 30, 2026.
Under the approved financial collateral requirements, brokers and consultants may satisfy the financial assurance requirement through either a surety bond or an irrevocable standby letter of credit. Surety bonds must be issued by reputable financial institutions in the amount of $100,000 for energy brokers and $50,000 for energy consultants, using the NYPSC-approved template. Compliance is required by brokers and consultants by April 30, while Staff is required to review any standby letters of credit or surety bonds filed by October 31.
