What is an energy broker? An energy broker is very similar in function to a real estate broker or a stockbroker on Wall Street. Energy brokers work with clients on a contractual basis to lower energy prices between energy consumers and energy producers. Essentially, an energy broker helps you navigate the world of energy consumption so that you can get the best deal on your electric utilities bill, just like a real estate agent will provide their insights about the housing market or a stock broker will give you the feel of the stock market.
The job market surrounding energy brokers is growing quickly! An energy broker generally starts their career at the residential level and will follow an upward trajectory toward working in the commercial world.
In a commercial setting, an energy broker will negotiate wholesale contracts. It’s very similar to the work on the residential level, but on a much larger scale and with subtle differences. In essence, you could say that energy brokers that work with residential customers are to salesman as commercial brokers are to real estate agents.
One thing that is important to note about energy brokers is that the position itself is not a very old one. In the past, the United States and Canada had completely regulated energy markets, where there weren’t a wealth of options for customers. However, after the deregulation of the energy industry in some areas (for example, the state of Ohio), there arose a need for skilled individuals whose job it is to assist customers in finding the best deals on electricity in the newly competitive energy market. These energy brokers, sometimes called energy consultants, have roared onto the scene to meet this demand, growing in number every year.
So what exactly does an energy broker do? Energy brokers save their customers money by negotiating contracts between energy consumers and energy producers. An energy broker’s in-depth knowledge of the energy market allows them to fairly negotiate a contract on the customer’s behalf. Having an energy broker in your corner means having a trustworthy, knowledgeable person available to answer your questions and provide you with the best service possible.
We’re energy brokers here at Star Energy Partners, and we work hard to provide our clients with the best deals on their electric bills. If you’re ready to have a professional energy consultant in your corner, why not get a quote today?