So what does an energy broker do, and how can they potentially save you money in your business?
If your business is spending thousands, or tens of thousands of dollars a year on energy, whether it be gas or electricity, there is a great deal of money that you could be saving on your energy spend by simply allowing an expert to negotiate the terms of your energy purchasing.
How You Traditionally Buy Energy
Traditionally when you purchase energy, you do it through a retailer. That retailer has a markup in order to make a profit in their business, but there is room for negotiation if you have the right information and someone with the right skills and knowledge to deal on your behalf.
Energy markets are somewhat like the stock market, in that energy prices are prone to fluctuations, sometimes very large fluctuations, which means if you purchase your energy at the wrong time, and are locked into a contract, that it can have major cost implications for your business.
But what if you had a way purchase your electricity or gas, but have an energy broker watching the ‘market’ so that you can purchase at the best time? A broker can also building a profile of your energy usage to take to energy retailers in order to get you the best deal.
The Role of the Energy Broker
Different businesses have different energy requirements, so some businesses may prefer to lock in their energy price with a contract, while others prefer to have more flexibility in their approach. Either way, with an energy specialist working with you, your purchase options can be explored and the broker can garner significant savings in several key areas;
• Getting you a better deal with Australian energy retailers
• Negotiating on your behalf
• Preparing ‘critical load’ data for energy retailers
Energy markets are complicated, as a business owner or manager, you may not have the expertise or knowledge in the nuances of the market to be able to negotiate the best pricing and structure for your business energy needs.
A better result can be achieved by someone who is an energy management expert, without you having to feel like you need to understand the intricacies of the marketplace. Your broker can advise you on both how to best purchase energy for your specific needs, as well as finding the best timing within a given time frame, so that you are buying at the best price available.