What is a business energy broker?

Finding the Cheapest Energy Supplier
12/06/2017
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30/06/2017

It’s a question which no doubt has crossed your mind in the past few years with the influx of call centers, hassling you over the phone. So What is a business energy broker? and more importantly, how can they help you reduce your overheads?

Well, firstly let’s look at the definition of the word, broker. A person who buys and sells goods or assets for others. A business energy broker is an intermediary between the energy suppliers and business energy consumers. Similar to a mortgage broker, we search the market and negotiate on your behalf to source the best deal for you.

Also known as a dealer, agent, negotiator, trafficker; middleman, intermediary, representative.

I’m not personally fond of the word, energy broker, simply for the reason that it ‘under-plays’ the amount of work involved in helping customers. I will say however, it’s better than dealer or trafficker!

How can a business energy broker help your business?

Our main priority is to increase your business’ profitability and reduce your overheads. Electricity and gas in most cases will be one of your top 5 biggest expenses for your business. Having a market expert look at your current arrangements and seeing if they can improve on it can only be good, right? After all, you could save up to 50% on your renewal offer from your current supplier.

Gone are the days in which energy suppliers offered better rates if you went direct. We work with 20+ different suppliers and broker over 7,000 contracts every year, without the energy suppliers lifting a finger. We look after all the paperwork and advice so they don’t have to. This means the prices they offer to us are much cheaper than the prices they’d offer you directly. Not to mention, they will see you as just one customer, whereas we’ve got over £200 million worth of buying power.

To put simply, a business energy broker helps businesses to find the cheapest energy supplier. To find out more about how we do this, visit our post.

Alternatively, if you’re interested in seeing if using a broker can help your business to save money, request a call back from one of the team.

Rhys Boven
Rhys Boven
Rhys Boven is the Managing Director at leading energy brokers Switched On Energy. Most people have no idea if they are paying the correct amount or are on competitive terms, Rhys uses his expertise in the industry to help his customers make more money, save time, have less stress and peace of mind. Connect with Rhys Boven on LinkedIn >>

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