What is an energy broker? An energy broker is a company or individual that represents large numbers of suppliers and consumers of natural gas, electricity, or both, to negotiate the best price for them. Energy brokers make it easy for customers to transition from one electricity provider or natural gas retailer to another quickly and easily by providing a convenient service for switching.
Energy brokers can help you save money on your energy bills. They are independent of the utility companies that sell power and natural gas, so they can shop around for the best programs and plans for customers. Energy brokers may also offer services that include:
Energy Audits – Energy audits are inspections of your home to determine how much energy is being lost through leaks, drafts, and poor insulation. The audit will also provide recommendations on how to reduce your energy consumption.
Billing Assistance – Energy brokers often provide customer billing assistance, which means they’ll take care of all the paperwork associated with switching suppliers using energy broker software. This includes making sure your old supplier has stopped billing you and making sure your new supplier sends bills directly to the energy broker.
Service Agreements – If you’re not comfortable changing providers on your own, and energy broker may be able to negotiate a service agreement with one of their suppliers that allows them to manage your account indefinitely without additional costs or fees. The broker will continue to shop around for better deals as well as handle any customer service issues that arise with your current supplier or new provider.
What does an energy broker do?
Energy brokers are experts at finding the cheapest rates for electricity and natural gas. They have access to all of the major providers in your area, so they can compare plans and find one that fits your needs at a competitive price.
Why should I use an energy broker?
An energy broker can save you money on your monthly bills by helping you find the right plan for your household. If you’re looking to switch providers but don’t want to spend hours sifting through rate plans, an energy broker is worth it.
How much do they charge?
Energy brokers typically charge between $50 and $100 per year depending on how much time they spend helping you find a plan and negotiate on your behalf. You can expect to pay more if you want your broker to help with billing or customer service issues as well as negotiate contracts on your behalf.
Are energy brokers going to get me better deals on my energy bills?
Energy brokers will usually offer fixed deals on energy contracts and can help you get better prices than you would get on your own. They will also help manage any issues that arise with your energy supplier, saving you time and hassle.
The main benefit of using an energy broker is that they have access to a wide range of suppliers and tariffs. This means they can negotiate the best price for you and find the best deal for your business. They can also offer advice on how much power each site needs and how much it will cost if you don’t have an accurate meter reading from your current supplier.
Energy brokers have limited knowledge of the wholesale electricity markets and retail energy markets, however energy management software allows them to offer end-users access to discounted prices normally available only to large industrial and commercial operations. If you are considering a switch to an energy broker, we hope that our information will help you weigh your options and make an informed decision along the way.