How are energy brokers paid?

How are energy brokers paid?

Fee Types Like many other businesses, energy brokers typically add a margin to the products they sell. Some charge their clients a monthly fee or a percentage of savings, but the vast majority add an uplift to a client’s unit rates.  This is often preferred because it...
A Good Energy Deal – Am I getting one from my broker?

A Good Energy Deal – Am I getting one from my broker?

A Good Deal? The truth is, it’s difficult to say if you’re getting a good energy deal. More than anything else, an energy broker saves you time.  They have access to a number of suppliers and contract options.  They quickly compare data from different contract...
Exclusive Broker Agreements – What are they?

Exclusive Broker Agreements – What are they?

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 to use an energy broker?

What does it cost to use an energy broker?

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...
Energy Broker Commission – How much do they make?

Energy Broker Commission – How much do they make?

In The Margins The rate of energy broker commission depends on their margin. Brokers can charge a direct monthly fee, or even a percentage of savings, but by far the most common way they are paid is by adding a margin to their clients’ unit rates. When sourcing...