Energy Broker vs. Energy Advisor

By AJ Brockman

In the video above, we shared with you the three main differences between an energy broker and an energy advisor.

Regardless of who you choose to work with, your advisor or broker should perform specific functions to ensure you’re getting the information and assistance you’re looking for. Below are 5 questions you can use to evaluate your current energy professional.

Does your current advisor or broker…

1) …perform bill audits?

A good energy advisor or broker should perform complimentary bill audits, especially when you sign with a new supplier or switch products. They should check that your invoice are formatted correctly and contain your contracted per-unit rate and product.

If any of these are incorrect, will your current energy professional work with the supplier to fix it?

2) …send you newsletters or post blogs?

The energy industry is constantly evolving. It’s important you stay informed on energy news and changes in law that could impact your facility.

Does your energy professional send you market updates in a monthly newsletter or blog?

3) …serve all C&I customers?

If you have facilities in multiple cities or states, it’s in your best interest to work with someone who can service your entire portfolio.

Can your current advisor or broker serve all utility rate classes in all deregulated states based on state requirements?

4) …monitor the market?

The energy market changes day by day and hour by hour. An experienced advisor or broker realizes this and actively monitors the market, notifying you when it’s the best time for you to lock in a rate.

When did you last receive a market update?

5) …proactively contact you about renewing?

This goes hand-in-hand with monitoring the market. Waiting to look at renewal rates a couple of months before your contract expires doesn’t give you much time to:

  • review your energy strategy,
  • time your purchase, or
  • get multiple pricing offers.

Has your current advisor or broker contacted you about renewing your contract — especially if it expires in the next 6-9 months?

Evaluate your energy professional.

There’s a lot more you should expect from an energy broker or advisor than just giving you a low rate. Does your current energy “guy” meet these criteria and your needs? Use this checklist and see for yourself.

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