Signing Up for Business Service - Before You Begin

Thank you for requesting electric service with SMECO. Before you begin, please review the requirements below.

Service Application Fee:

Your first electric bill will include a $25 nonrefundable Service Application Charge. The charge covers expenses for processing your paperwork and obtaining a reading to begin your service.

Deposits:

All new business customers are assessed a refundable security deposit, but it can be waived by providing SMECO with one of the following:

  • a Dunn & Bradstreet report for the business;
  • a surety bond from your insurance company; or
  • a letter of guarantee from your banking institution.

If you are unable to provide the required information to waive the deposit within 30 days, it is automatically billed to you in two or three installments, beginning with your second bill.

If you have an active account or have had an account with SMECO in the past and you do not meet the above criteria, a deposit may be assessed on your new account and billed to you in two or three installments.

Your SMECO welcome letter will advise you of your deposit amount.

Deposit Refunds:

Four years from the date your deposit is paid in full, it may be refunded with interest, if all of the following conditions are met:

  • Your service was not disconnected for nonpayment.
  • You had no more than two late payments.
  • Your account is not past due at the time of review.
  • You had no returned checks for non-sufficient funds.

If your account does not meet these conditions, it is reviewed annually and the deposit is retained until the above criteria are met. The current interest rate is 0.12% for the year 2022, according to the Maryland Public Service Commission.

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