Energy brokers can be helpful when it comes to finding the cheapest energy tariff for businesses. However, like any other business transaction, you need to fully vet the broker you are going to be working with. Knowing what questions to ask a new broker when you’re getting an energy contract can help during this process.
What should an energy broker do for your business?
Before you jump right in and sign your next energy contract with a broker you need to fully understand what a good business energy broker should offer your business.
Market and industry knowledge
Your business energy broker should have a range of marketing insights and knowledge that they use to determine the best time for you to sign your next contract.
Cost savings
A good energy broker should have a range of expertise and supplier relationships that allow them to save your business money.
Easy and quick process
A good broker should take over your contracts for you which saves you time and simplifies the whole process.
Negotiating prices
Another benefit of having an energy broker is their supplier relationships. Brokers are able to use their relationships with suppliers to negotiate better prices based on your business needs.
Mitigate risks
Energy brokers will suggest a type of contract and length of contract your business should consider based on the energy market forecast for the next couple of years.
What should you be asking your business energy broker?
So now you know exactly what benefits an energy broker should bring, here is a list of questions your broker should be able to answer. Use this to decide whether or not the broker would be a good fit to work with your company.
What suppliers do you work with?
A good energy broker should have relationships with all top UK energy suppliers. For example, here at Resolve Energy, we work with over 24 trustworthy suppliers, including:
- Total Energy
- Engie
- British Gas
- Drax
- YGP
- Smartest Energy
Having a range of energy suppliers allows a broker to compare prices across the market and ensure they are offering you the cheapest prices possible.
What can you offer my business?
A good business energy broker should not just find you the cheapest contract but also provide other time saving solutions for your business. For example, at Resolve energy we will:
- Procure energy contracts
- Negotiate prices
- Give you a dedicated account manager
- Have on-hand customer support
- Set up metering services and site works
- Liaise with your supplier about any issues during your contract
Do you have a direct relationship with the supplier?
Some energy brokers will work through third parties and not actually have connections to the supplier. At Resolve Energy we work directly with suppliers to ensure we get you the best possible prices without incurring extra charges.
How long have you been in the industry?
It is important that the energy broker you choose to work with is an established business within the market. By choosing Resolve Energy you will be going with a business that has been established for over 13 years and whose team has over 30 years experience within the industry.
Do you work with businesses like mine?
It’s important that your energy broker has experience working with companies in your industry, that way you know that they have the knowledge to be able to meet your specific business needs.
At Resolve Energy we have worked with all types of businesses from small offices and shops to huge manufacturing warehouses. We will also take the time to get to know each and everyone of our clients business needs.
How do you stay up to date with market fluctuations?
A reliable energy broker should use many different sources to stay up to date with the energy market. This could include inside graphs and updates from suppliers, reviewing energy market rends and tools that allow them to monitor marketing changes as they are happening.
How to make sure my business energy broker is reputable?
There are over 2,000 active business energy brokers in the UK as of now. How can you make sure that the broker you choose is reputable?
You can do this by checking the Energy Ombudsman Broker Register to verify that the broker you want to work with is a reputable business.
If you're looking to save money on your energy bills then why not get in touch today? The relationships Resolve Energy has developed with over 24 of the UK’s biggest business energy suppliers allows our energy experts to source the best business energy rates available for your company right when you need them. Request a free quote today and start saving money on your energy.
