If you manage or own a business, there is a good chance that you know the utilities’ cost can be high. It is especially true if large business premises need constant energy. Because overhead costs usually contribute a large percentage of energy usage, you need to check how much you spend. 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 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. This article will teach you about a business energy broker’s different services.
What Is A Business Energy Broker?
There are various types of energy brokers on the market, but you can find two common ones: business and residential. A residential energy broker focuses on household energy consumption, 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. If you decide to switch energy suppliers, a business energy broker can also help you by ensuring that the switching process goes smoothly.
Remember that a business energy broker can offer you several services. It 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. It can save you the effort and time of collecting this information yourself.
A business energy broker can manage business energy supplier transitions. If you switch to another business energy supplier, your business energy broker can handle the switching process and ensure it goes smoothly. They can also check your energy contract’s expiry date to ensure that your energy bills are up-to-date and accurate.
When your business energy contract approaches its expiry date, the business energy broker can inform you and give you alternative business energy suppliers you need to consider. It can assist you in taking advantage of the best business energy deals available on the market.
Some energy brokers can also offer energy management advice. Energy consultants sometimes offer this service, so an energy broker may advise you on saving energy and energy efficiency tips for your workplace. They can also assess your energy consumption to determine how to 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 than 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 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. It would help if you remembered that a business energy broker could 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, including 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 businesses transitioning to net zero. Many businesses may be paying tax for each carbon ton they emit in the future, which larger businesses are already doing. Therefore, a business energy consultant can assist you in navigating 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. It is usually based on energy supplier stability, relationships, and reputation so that 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. It 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.
You must provide various things for a business energy broker to help you compare energy suppliers. It 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 to have a frame of reference when considering energy options for your business.