4 Main Types of Electricity Brokers and their Characteristics

The cost of doing business is on arising as a result of the continuous hike in electricity prices. Most companies remain with the only option of switching electricity providers. If done carefully, the move could result in the stroke that changes the fortunes of a company. We all know that a broker could be of help. However, choosing the best electricity broker remains among the significant challenges for a business intending to lower the cost of energy. This article helps you to know the types of brokers so you can make an informed decision.

  1. The rotating door electricity broker

As the name suggests, this type of broker is the one that’s always knocking on your door and chasing you for the energy supply deal. They are aggressive, and they won’t take no for an answer. The problem with this type of energy broker is that no sooner you sign the energy contract than he disappears for good. Such brokers get paid upfront for any contract they convert for the business electricity provider, and so it’s meaningless for them to hang around during the life of the contract. Should you get any challenges, they won’t be around to guide and assist you.

  1. The one-person show

The one person show kind of broker is the type that works alone. It’s easy to notice them since they are mostly stressed up and seem overwhelmed with work. They don’t have any support staff, and they have to do everything on their own. They are always late for appointments or keep postponing the same. Most of them have good intentions; however, their nature of operations do not allow them to provide a professional service to their clients. The chances of them abandoning you after you sign the energy contract are high.

  1. The Know-It-All energy broker

If you are not careful, this type of broker will sweep you with their mastery of the energy industry jargon, they seem experts, and they’ll tell you what you want to hear. They are masters of deception who you should avoid at all cost because other than sweet talking; they lack any practicability. All they target is getting you to sign the energy contract, once you fall for them and sign; it’s high time they will be at it with the next target.

  1. The professional energy broker

This is the type of broker that a company should be looking to contract.  You can know when you are dealing with a professional broker because of their holistic approach to your energy challenges. Such brokers usually have an office with trained personnel. They guide you and help you to compare the prices of the best energy providers. A professional energy broker has in-depth knowledge and understanding of the energy industry. Using their knowledge and experience, they’ll guide you toward the best energy deals. Also, they will be with you through-out during the life of your energy contract. A professional broker could also provide you with the best advice to help you reduce your energy consumption.

Knowing the types of electricity brokers is the first step in choosing the best broker who can see you through the tedious process of switching energy providers.