How Energy Brokers can Support Your Business

Posted in Commercial real estateOperations on Nov 25 2022, by Pamela NewenhamPamela Newenham

How Energy Brokers can Support Your Business

As a business owner, you're probably more focused on the services your company provides than on researching all of the energy alternatives accessible to you. Without a broker, you may end up opening an account with a major provider that isn't the greatest match for you, while a smaller firm may give superior service. This is where the Energy Broker enters the picture.

Your Energy Broker not only assists you in locating the greatest solution for your energy requirements but also assesses your energy consumption to ensure you're on the best plan for your company. If your provider's service has a flaw, the broker will negotiate with them to save you money or move your service to a different supplier on your behalf. This frees up a lot of time for you to concentrate on your company's core.

Let's dig deep into how choosing the right energy broker may help succeed your business.

What is an Energy Broker?

Energy brokers act as go-betweens for energy providers and their customers. Brokers do not own or distribute energy and therefore cannot sell it to you directly. They merely display a wholesaler's or supplier's pricing. The connection between your insurance broker or a real estate agent is analogous.

Residential Energy Brokers vs. Commercial Energy Brokers

Commercial energy brokers help enterprises, while residential energy brokers serve individuals. While most energy brokerage organisations cater to corporations, some also provide household brokerage services.

Why is it important to select the right energy provider?

Should I work with an energy broker? It's healthy to bounce ideas around in your brain like that. What's even better are the real statistics. So, whether you're searching for residential or commercial energy, or you're wondering what the DMO or VDO means for you, we've compiled a list of four of the biggest reasons why you should select the right energy provider to support your business.

1. You Might Get Better Deals with an Energy Broker

You save money when energy providers are forced to compete for your business. When someone sells a product (whether it's a vehicle, insurance, jewellery, or energy), competition influences their offer price. There will be no competition; thus, the price will be greater.

Brokers ENGAGE IN COMPETITION. Because they know they are fighting for the business, many suppliers may lower brokers' prices. This reduces your pricing.

Another reason suppliers provide brokers with better pricing is that bigger brokers connect many consumers with suppliers. When a client goes directly to a supplier, the customer's single contract may only come up for renewal once or twice a year. Compare this to brokers allowing them to bid on hundreds of consumers every month... Who do you think has a greater chance of getting a better deal?

2. Simpler, More Transparent Bills

It might not be easy to make sense of your energy bills. The different non-commodity charges, taxes, and fees that comprise your bill fluctuate regularly. At CoolPlanet, our staff can help you cut through the jargon and understand what you're paying for. We also ensure that each bill is precise and meets your continuing demands.

3. Future Expansion

As your company expands, you may consider adding new sites to your portfolio, which will need the installation of new metres and the signing of new energy contracts. With this in mind, it is critical to work with an energy broker that can also offer infrastructural services.

Arranging a new metre installation or updating an existing supply, getting the contract end dates aligned may be difficult; nevertheless, an expert utility consultant can guarantee that the job is finished on schedule and with little disturbance.

4. Increase Your Possibilities

With so many alternatives available, deciding where to purchase may be difficult. Our staff at CoolPlanet is constantly updated on the best prices. Do you wish to use only renewable energy? Do you want to generate your own power? We can advise you on all of your alternatives and assist you in developing a strategy that is appropriate for your company.

How can CoolPlanet help businesses?

As an energy broker, CoolPlanet helps businesses manage their energy contracts and pay less. We are an intermediary between an energy supplier and a business akin to an insurance broker.

We are in unprecedented times in the energy market. To say that the market is turbulent is an understatement. Energy has always been a significant business cost, but this has now taken on a whole new meaning.

We have found from client feedback that what we do as a Trusted Advisor has proven to be a valuable service in these turbulent times. In some cases, we have advised clients and new customers to remain out of contract as it is cheaper. For example, an out of contract rate could be €/£0.26 per unit of electricity, and an in-contract rate could be €/£0.36 per unit of electricity! What we mean is that we will liaise with you, the client, and when the market rates have fallen, as they will, we will then advise you to take on the new contract. Clients have appreciated this.

Cool Planet helps lower your emissions.

As we progress toward a cleaner future, every company must have a strategy to reduce emissions. Taking control of your power use is a wonderful place to start, and at CoolPlanet, we help you reduce consumption, optimise systems and lower emissions. This lowers your expenses while also keeping you as environmentally friendly as feasible. If your company consumes a lot of power, it's crucial to utilise it carefully.

Get in touch with us.

In a turbulent market, the decision-making and timing of the decision is everything: call it wrong, and it will be expensive. This is why we are here. We know the markets; we track the markets, and we will work with you and your team to ensure that the decision you make is the correct one at the most appropriate time.

We are your Trusted Advisor. We track the market to lock you in at the lowest price. So why wait? If you like us to look at your gas or electricity bills and speak to someone who actually cares about giving you the best advice possible, don't hesitate to contact our team today!

If you want to know more, schedule a call today.