What is an energy broker and why should you employ one?
The purpose of an energy broker is to help you achieve the best possible deals from your suppliers. It can be time-consuming trying to find the best deal on your energy bills alongside other daily tasks.
The advantage of using an energy broker is that they can take away that stress and save you money at the same time. They know what to look for when analysing your bills, from bill validation, identifying errors on bills and cost recovery services, to knowing which supplier will best suit your needs and advising on which contract to choose. They can also help you understand your bills better and keep an eye on the market and new legislations, so you are always in the know and compliant.
Are there any specific factors that I should consider before selecting an energy broker?
The broker market is growing all the time with new companies joining the sector, so it is important you know what to spot before making your decision. Make sure you choose a company with a lot of experience and a proven reputation, the more supplier partnerships a broker has, the more trusted they are.
A good broker will strive to get the best deal for you by identifying your energy usage and monitoring the market situation. One thing to bear in mind is that your broker should always provide a transparent approach, you don’t want any hidden costs on your bills. Ask your broker for a clear breakdown of their fees separated from supplier charges.
It is also a good idea to check your broker offers a comprehensive energy audit and understands your business model and targets, this will help them tailor their service for you and make sure you are getting the best possible deal for your business.
Are there any safeguards in place to protect my business from being mis-sold energy deals?
Unfortunately, people are mis-sold things daily. There are safeguards in place that you can follow to make sure you are not mis-sold any energy deals. Firstly, only choose to work with brokers with a proven reputation. When dealing with salespeople always make sure you ask for ID, check they have their facts to hand, and compare deals. Never feel pressured to sign the dotted line before you have done your research properly.
How can I switch supplier?
A few months before your contract is due to end, start shopping around for new deals and make sure you inform you current provider, it might just sway them to give you a better deal. If you leave it until your contract ends, the supplier will automatically renew your contract without your say and it is unlikely that you will get the best deal possible.
If I want to appoint an energy broker, what do I do next?
Get in touch with our Kinect Procure team!
Kinect Procure is our energy brokerage and procurement service. Our team understands the energy markets and how suppliers work, which enables us to provide the right support and advice for our customers.
As an added benefit, our unique online portal Kinect Online is available to all our customers giving them access to their data such as costs, consumption, and carbon 24/7.
To speak to a member of Kinect Procure team, contact firstname.lastname@example.org