Over 60% of companies rely on a commercial energy broker to secure energy. Nowadays businesses are under-staffed and they don’t have enough resources to spend on research to find the best energy. They don’t even have the ability to view the latest energy on the market. This makes using a specialist useful.
Transparency
Energy brokers get their income from either the commission paid by their supplier or a share in the savings made or a combination of the two. Some brokers are paid a fixed fee. The most common method is the commission. If you want to work with a broker, use the one that works with a consultant that is willing to explain every detail of the energy contract.
Mastery of the market
There are many factors that affect the pricing of energy. The most important factor is timing. Commercial utility brokers follow the market every day. They have experience and intellect of understanding complex factors that drive the market. They use their understanding to minimize the risk.
Effective
Most brokers are effective. They should spend some time with you to discuss your energy strategy. They should explain all your requirements to suppliers such as green power and many more. If it is a gas contract then they should tell you the swing rates to explore.
Effective supplier management
You should expect your energy broker to deal with more than 30 suppliers. Not all the suppliers will bid on every contract so your broker should know the energy that is viable for your needs.
Contracting expertise
This is the most overlooked step but it is very important. An experienced commercial energy broker should help you to avoid pitfalls that are likely to be hidden in the contract. Every supplier has their own contract and it needs the experience to know their tricks. Read More: https://www.revel-energy.com/commercial-energy-broker/
Transparency
Energy brokers get their income from either the commission paid by their supplier or a share in the savings made or a combination of the two. Some brokers are paid a fixed fee. The most common method is the commission. If you want to work with a broker, use the one that works with a consultant that is willing to explain every detail of the energy contract.
Mastery of the market
There are many factors that affect the pricing of energy. The most important factor is timing. Commercial utility brokers follow the market every day. They have experience and intellect of understanding complex factors that drive the market. They use their understanding to minimize the risk.
Effective
Most brokers are effective. They should spend some time with you to discuss your energy strategy. They should explain all your requirements to suppliers such as green power and many more. If it is a gas contract then they should tell you the swing rates to explore.
Effective supplier management
You should expect your energy broker to deal with more than 30 suppliers. Not all the suppliers will bid on every contract so your broker should know the energy that is viable for your needs.
Contracting expertise
This is the most overlooked step but it is very important. An experienced commercial energy broker should help you to avoid pitfalls that are likely to be hidden in the contract. Every supplier has their own contract and it needs the experience to know their tricks. Read More: https://www.revel-energy.com/commercial-energy-broker/