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Business energy brokers are convenient for businesses that do not have time to compare energy deals with suppliers. Being comfortable with the business energy broker you’re using is important, and you should know that some only work with one supplier and others have commercial partnerships with a range of providers.
If you’re planning on comparing business energy prices without using a broker, you will need to submit separate quote requests to each supplier for both gas and electricity to make sure you’re getting competitive rates.
Energy brokers work with selected suppliers to compare prices across a range of tariffs to help their customers find a great deal. Some brokers only work with a couple of suppliers, whilst others work with a wider range of providers. For example, when comparing prices with us, we’ll show you deals from a wide range of trusted suppliers. We also have secured some exclusive deals for our customers that would not be available direct. You should check with the broker which suppliers are included in your comparison.
A business energy broker can be helpful in more advanced situations when it comes to sourcing a new energy meter or re-negotiating a deal with your current supplier if the broker has a working relationship with them. Not all brokers offer these extra services, so you must work with one that can deliver all your energy needs.
If we exclude the obvious time-saving and money-saving of using an energy broker, there are many more benefits to using a broker. We can’t speak for every business energy broker in the UK, but here are some of the things we offer our customers and make us stand out from the crowd:
A panel of trusted energy suppliers - some brokers only work with a single supplier, or a select few so it can be difficult to judge if you’re seeing a competitive price. We work with a wide selection of providers that can offer our customers competitive prices and some exclusive deals. This includes a variety of the UK’s largest suppliers and some smaller independent providers.
Energy brokers charge in different ways, some are more popular than others. Usually, there’s a commission included in the cost of energy usage and this is normally built into the price you’re quoted. In some cases, these commissions can range from 1% to 2% of the total cost of the energy contract. Some other brokers can charge an upfront lump sum. You should speak to the broker if you’re unsure of any charges.
We will always disclose our commission amount before switching over your energy contracts and you will typically never notice as it is likely you’re still getting a better deal than if you approached a supplier directly.
There are lots of benefits to using an energy broker that goes much further than saving money.
The pros
Things to consider
An energy broker helps customers purchase energy from suppliers/wholesalers. By hiring the services of a broker, customers can secure more competitive deals than if they dealt with a supplier directly. Brokers will monitor an energy account and inform you when a contract is coming to an end — they’ll then assist with the switching process.
There are over 3,000 energy brokers and business energy consultants in the UK today, but few have the credentials to get you the deal you need.
If you’re in need of a business energy broker, make sure you research all your options to ensure you’re hiring the services of a reputable source.
No. An energy broker will secure a deal for you and manage the relationship between customer and supplier. However, as they do not directly involve themselves in transporting or distributing energy, a broker does not need the same licences as a supplier.
That said, a reputable broker will adhere to a code of practice that ensures you get the best service possible. This means they’ll be transparent about how they work and the suppliers that they work with.