If you manage or own a business, there is a good chance that you know that the cost of utilities can be high. This is especially true if the business premises are large and need constant energy to operate. Because overhead costs usually contribute a large percentage of energy usage, you need to check how much you are spending. And, if the energy costs are consistently high, you should consider finding better business energy deals on the market.
But it can be hard for most business owners to find enough time to compare business energy deals across potential energy suppliers. Therefore, it makes sense to use a business energy broker, such as Utility Bidder to help you get a good energy contract that can allow you to save money over time. In this article, you will learn about the different types of services a business energy broker provides.
What Is A Business Energy Broker?
There are various types of energy brokers you can find on the market, but you can find two common ones which are business energy brokers and residential energy brokers. A residential energy broker focuses on energy consumption in households, while a business energy broker focuses on maximum energy efficiency for businesses.
The main job of a business energy broker is to find business energy suppliers that can offer your business the best energy deal. Besides, a business energy broker is responsible for monitoring business energy accounts. They also keep their customers informed about the expiry dates of their energy contracts. In case you decide to switch energy suppliers, a business energy broker can also help you by making sure that the switching process goes smoothly.
Remember that a business energy broker can offer you several services. This includes collecting energy quotes across the energy market. A good business energy broker can gather energy quotes from the best business energy suppliers on the market. This can save you the effort and time of having to collect this information yourself.
A business energy broker can manage business energy supplier transitions. If you decide to switch to another business energy supplier, your business energy broker can handle the switching process and make sure that it goes smoothly. They can also check the expiry date of your energy contract to make sure that your energy bills are up-to-date and accurate.
When your business energy contract approaches its expiry date, the business energy broker can keep you informed and give you alternative business energy suppliers you need to consider. This can assist you to take advantage of the best business energy deals available on the market.
Some energy brokers can also offer energy management advice. This service is sometimes offered by energy consultants, so an energy broker may give you advice about saving energy and energy efficiency tips for your workplace. They can also assess your energy consumption to determine how you can use energy effectively.
You should note that most energy brokers take commissions on the overall cost of business energy you use. The commission can vary from one business energy broker to another. But a good business energy broker can offer you competitive rates that may be lower that the energy market average.
Businesses That Need An Energy Broker
Any business regardless of its size that spends a significant amount of its income on energy bills can benefit from the services of an energy broker. It can sometimes be hard for you to find enough time to explore different energy options from several business energy suppliers, especially when your business operations need your attention. A business energy broker can do the heavy work to give you peace of mind that you are paying the right sum of money for the energy your business uses.
If you decide to use an energy broker, there is a chance that you may come across the services provided by energy consultants. You should remember that a business energy broker can negotiate with an energy supplier and lock in the best energy prices on your behalf. On the other hand, an energy consultant can study the energy trends of your business to identify possible inefficiencies and make recommendations. An energy consultant provides ongoing services that can include budgeting, energy efficiency analysis, energy aggregating, and bill paying. That said, some business energy brokers can also offer energy consultancy services.
With climate change becoming a top priority topic and strict global reduction targets in place, there is now more focus on the businesses to transition to net zero. Many businesses may be paying tax for each carbon ton that they emit in the future, which larger businesses are already doing. Therefore, a business energy consultant can assist you to navigate the complex world involving sustainability and offer technologies and strategies to help you achieve net zero.
When you decide to use the services of a business energy broker, you can also benefit from the expertise of an energy consultant. Many energy broking companies usually have energy consultants.
It’s worth mentioning that regardless of the business energy broker you choose to work with, it’s not normal for them to compare the business energy prices of every energy supplier. Many business energy brokers often have a list of their preferred energy suppliers they tend to reference regularly. This is usually based on energy supplier stability, their relationships, and reputation, so they can get energy quotes from the current roster of energy suppliers.
There are several things they consider to analyze the potential business energy supplier. This includes market trends, potential cost savings, contract terms, price, non-commodity costs, the structure and what is included in the energy contract, and contract clauses and the volume.
For a business energy broker to help you compare energy suppliers, you have to provide various things. This includes a business address, your current energy supplier, energy bill or invoice copies, Meter Point Administration Number or Meter Point Reference Number, and a signed letter of authority that needs to be on letter-headed paper. An energy broker needs these details so that they can have a frame of reference when considering energy options for your business.
