Managing energy costs can be one of the most complex and time-consuming tasks for businesses of any size. Between navigating supplier contracts, monitoring market fluctuations, and trying to find the best rates, it’s easy to feel overwhelmed. That’s where a Business Energy Broker can make a significant difference.
Whether you're running a small business or managing a multi-premises large business, using an energy broker can offer substantial value.
So, what Is a Business Energy Broker?
A business energy broker acts as a middleman between your business and energy suppliers. Their job is to help you find the best energy deals, streamline procurement, and manage your energy needs efficiently. Think of them as your expert guide in the often confusing world of commercial energy.
Key Benefits of Using an Energy Broker
Cost Savings
Energy brokers often have access to wholesale markets and exclusive rates not available to the general public. They also negotiate with multiple suppliers on your behalf, which can result in:
- Lower energy prices
- Customised pricing plans tailored to your business
- Opportunities to join group buying schemes for bulk discounts
Time Efficiency
Comparing different energy suppliers and prices can take a very long time. Using a business energy broker can save you time by:
- Handling all the research and price comparisons
- Managing contract renewals to avoid expensive out-of-contract rates
- Taking care of the paperwork so you don’t have to
Expert Market Insight
Energy brokers are always monitoring the energy market, keeping an eye out for news that could affect costs. Brokers will often:
- Monitor trends and advise when to lock in rates
- Help you decide between fixed or flexible contracts
- Offer strategies to manage risk in a volatile market
- Send links and literature about the markets to help educate their clients
Tailored Energy Solutions
No two businesses are the same, and brokers understand that. They’ll:
- Align your contract with your actual energy usage
- Offer green or renewable energy options if sustainability is a priority
Ongoing Account Support
Once your contract is signed, the best brokers will:
- Ongoing account management and support
- Help resolving disputes with your supplier
- Regular reviews to keep your energy contract competitive
Who Benefits Most from Energy Brokers?
It's generally small to medium businesses who benefit the most, or larger businesses who do not have their own in-house energy procurement team.
If you don't have a member of staff who is experienced in the business energy market, working with a broker could be the perfect option for your business.
How much to Business Energy Brokers cost?
Rather than a flat fee, brokers normally receive their payment via what's called an 'uplift' which is a small margin added to the price of the energy they’re offering you.
It is priced into your business energy contracts, and the best brokers are always transparent about how much 'uplift' they are adding into your contract.
You can read more about 'Uplift' in Energy Brokers and Uplift: What You Should Know
The Honest Opinion
In today’s competitive and volatile energy market, having a trusted expert on your side can be a game-changer. A business energy broker can help you save money, time, and hassle - all while making sure your energy strategy supports your overall goals.
If you're unsure where to begin or whether a broker is right for your business, get in touch for your free business consultation or give us a call on 0191 7208 238 .
