Exclusive Rights When used to allow an energy broker to offer you a quote, this type of agreement (also known as an ‘exclusive Letter of Authority’), gives the broker exclusive rights to negotiate your energy contracts. By signing it, you surrender your right to get...
What Does It Cost? Energy broker costs vary. If they charge you a direct fee, or a percentage of savings, then the costs are easy to see. If they’re paid a commission by the energy provider however, which is by far the most common method, then it depends on their...
Take Your Pick Deciding which is the best energy broker to use depends on your requirements. In the majority of cases, the best is the one that saves you the most money. If this is the case for your business, you may choose to get quotes from more than one broker....
Do I need an energy broker? To different degrees, depending on your business and your own experience, an energy broker offers a useful service, rather than an essential one. Plenty of companies are perfectly capable of handling energy contract negotiations and other...
Do I need to sign a Letter of Authority (LOA)? In most cases, yes. Brokers may be able to give you an idea of the prices they’re able to offer over the phone, but to provide an official quotation and contract offer, they’ll usually need a Letter of Authority. A...
Businesses are often unsure about how many brokers they can use. In reality, you can use as many as you want, although the more that you involve, the more time you typically have to put in. Using 2 or 3 is a good number, as it shouldn’t take up too much of your...
If you have questions about the energy industry, you might just find the answers here. If there’s anything you’d like to be added, feel free to get in touch.
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