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Your Guide to Business Energy Brokers & Consultants
When you’re focused on the day-to-day running of your business, comparing energy quotes can seem like a distraction. That is where a business energy broker could save you time and money. Here, we explain what a business energy broker is and how they can help you manage your energy supply.
What Is a Business Energy Broker?
Business energy brokers work with a panel of business energy suppliers to provide a range of tariff types and prices to help customers find the right energy deal for them. Some brokers will work with just a few suppliers, whilst others will work with a wide range of providers.
Your energy broker can also provide advice to your business on new meter installations and energy management. Experienced brokers will help you find an energy deal and tariff type that suits the needs of your business.
Why Use Business Energy Brokers?
The most obvious benefit of switching with a business energy broker is the ability to save time and money when comparing energy prices.
If you decide to go it alone when comparing energy suppliers, you’re likely to need information including:
- Your MPAN and MPRN numbers to locate your meter
- Your energy consumption and your current annual bill
- Your switching window and your contract end date
You will need to go through these details with every supplier you contact to gain accurate quotes.
With British Business Energy, all you need to start your quote is your postcode. With your permission, we can then locate your details and provide you with a range of quotes from trusted suppliers in seconds.
You can see all of our tariffs online from the UK's most trusted energy suppliers.
How to Choose the Best Business Energy Broker
If you’ve decided to compare, the next step is to choose the best business energy broker for you. Not all brokers offer the same service. Some will simply offer a price comparison whilst others will be available to advise you on the best energy tariff for your business.
When you switch with British Business Energy, you can quickly view the latest prices from our wide selection of trusted energy suppliers. This includes some of the largest suppliers in the UK as well as smaller, independent energy suppliers.
You can also benefit from:
Free new meter installation – you can benefit from a new meter installation, and we can even provide this free of charge in most cases when you switch with us.
Expert advice – if you’re a large business which needs energy procurement advice or you need advice on finding an energy deal for multiple sites, our experts can help you. We’ll make sure you’re on the right energy deal for the specific needs of your business.
Switching multiple utilities at once – with British Business Energy, you can compare gas, electricity, and water rates to quickly get your business utility bills under control.
Avoiding out-of-contract rates – when your contract is coming to an end, we’ll be in touch with you to keep you on the best rates available. You can avoid expensive out-of-contract rates without lifting a finger.
How Much Does a Business Energy Broker Service Cost?
Energy broker charges can vary from broker to broker. In most cases, a commission is included in the cost of energy usage. This should be built into any quote you receive from a business energy broker. The cost of commissions will generally vary between 1% and 2%.
At British Business Energy, we will always disclose our commission sum before switching your energy contracts. We have built strong relationships with energy suppliers with the aim of offering the best possible prices to our customers.
The Pros and Cons of Switching With a Business Energy Broker
Whether you’re a micro business or a large established company, comparing energy prices can be an unwanted distraction. An energy broker allows you to save time by comparing a wide range of suppliers in seconds. Your broker can even handle the process of your switch to allow you to focus on what is important to you.
Find the right tariff for your needs
A business energy consultant can offer advice on your energy profile and provide tailored quotes that match the needs of your business. This can include multi-rate tariffs for businesses operating mainly at night or multi-site tariffs for businesses with multiple premises to consolidate your billing.
Never miss your renewal window
Your energy contract is rarely priority number one, and it can be easy to miss your renewal window. Unfortunately, this can leave you on expensive out-of-contract rates. When you switch with an energy broker, your consultant will be in touch with you as your renewal window opens with the latest energy prices available to you.
Things to consider
Not all brokers compare the same suppliers
It’s worth bearing in mind that not all brokers will compare a wide range of suppliers and may only work with one or two providers. If you’re looking for a specific type of tariff, you may need to ensure your broker works with suppliers providing that tariff.
The final decision is still yours
You will still need to decide on the broker you compare with and the tariff you switch to. Your energy consultant can provide advice on the tariffs that suit your needs, but the final decision is ultimately yours to make.
How to Compare With British Business Energy
Here at British Business Energy, we aim to make the process of comparing energy suppliers as simple as possible. All we need is your postcode and we can help you find the latest energy prices from our trusted suppliers.
You can even complete your switch online from anywhere, at any time. We’ll then handle the process of transferring you to your new supplier.
If you’re ready to start your business energy comparison, you can find the latest deals within 30 seconds.
Business Energy Broker FAQs
How Do Energy Brokers Get Paid?
Most of the time, a commission is built into the cost of your quote for the cost of your energy usage. The commission can range between 1% and 2% of the total cost of the energy contract, whereas some brokers employ a lump sum method for getting paid, usually in the form of a charge. We recommend speaking with your broker if there are any charges you don’t understand or are unclear.
Before switching over your contracts, we will always disclose any commission amount but you will most likely not notice as you’ll be getting a better deal than approaching a supplier directly.
What’s The Difference Between Energy Brokers And Energy Comparison Sites?
An Energy Broker will handle the entire energy switching process for you, whereas a comparison will allow you to compare a list of set tariffs from energy suppliers. A big difference between the two is that a business energy broker will negotiate a better deal for you, directly with the supplier, whereas a business energy comparison site doesn't negotiate directly with the supplier, but does allow businesses to compare all energy tariffs for themselves.
Going with a business energy broker means a more personal level of service, and can offer bespoke advice, based on your energy needs, it also saves a business a lot of time and effort in finding the best deals, as the business energy broker will handle the entire switching process on behalf of the business.
By switching through an energy comparison site, you will receive a less personalised service but it does allow you to compare energy tariffs at your leisure. You may also be required to handle the switching process by yourself and have to compare and research different suppliers.
Do Energy Brokers Need To Be Licensed?
Typically, Energy Brokers do not need to be licensed the same way a supplier does, however, it is good practice to be accredited by the Utilities Intermediaries Association.
Is It Better To Go Through An Energy Broker?
An energy broker will be able to negotiate directly with an energy supplier, to secure you a better deal, thus helping you make the most of your budget. Going through an energy broker will also be able to save you a lot of time and money as they will handle the entire process, leaving you to concentrate on running your business.
Think of energy brokers as an external service you employ every time your energy contract is due for renewal.