What Does it Take to Be an Energy Broker?
Position Description Buy or sell energy products on the behalf of residential or commercial customers or utilities. Negotiate and oversee contracts for energy sales.
Energy Broker Responsibilities
- Monitor energy supply contracts to ensure proper implementation and execution by suppliers.
- Monitor the flow of energy in response to changes in consumer demand.
- Facilitate the delivery or receipt of wholesale power or retail load scheduling.
- Analyze customer bills and utility rate structures to select optimal rate structures for customers.
- Answer customer questions related to energy sales procedures, energy markets, or alternative energy sources.
- Explain contracts or related documents to customers.
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What an Energy Broker Should Know
Below is a list of the skills most Energy Brokers say are important on the job.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Mathematics: Using mathematics to solve problems.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Types of Energy Broker
- Electricity Trading Analyst
- Account Manager
- Electricity Trader
- Energy Conservation Specialist
- Energy Specialist
Job Opportunities for Energy Brokers
In the United States, there were 983,000 jobs for Energy Broker in 2016. New jobs are being produced at a rate of 9.7% which is above the national average. The Bureau of Labor Statistics predicts 94,900 new jobs for Energy Broker by 2026. The BLS estimates 131,000 yearly job openings in this field.
The states with the most job growth for Energy Broker are Utah, Washington, and Nevada. Watch out if you plan on working in Maine, Alaska, or Vermont. These states have the worst job growth for this type of profession.
How Much Does an Energy Broker Make?
The typical yearly salary for Energy Brokers is somewhere between $26,300 and $116,090.
Energy Brokers who work in New Jersey, District of Columbia, or Massachusetts, make the highest salaries.
How much do Energy Brokers make in different U.S. states?
| State | Annual Mean Salary |
|---|---|
| Alabama | $52,810 |
| Alaska | $59,120 |
| Arizona | $54,520 |
| Arkansas | $53,640 |
| California | $67,280 |
| Colorado | $72,490 |
| Connecticut | $70,600 |
| Delaware | $67,290 |
| District of Columbia | $76,460 |
| Florida | $56,550 |
| Georgia | $62,170 |
| Hawaii | $66,540 |
| Idaho | $51,980 |
| Illinois | $63,440 |
| Indiana | $66,610 |
| Iowa | $60,960 |
| Kansas | $69,440 |
| Kentucky | $55,910 |
| Louisiana | $50,770 |
| Maine | $57,740 |
| Maryland | $75,600 |
| Massachusetts | $76,200 |
| Michigan | $62,100 |
| Minnesota | $64,940 |
| Mississippi | $51,240 |
| Missouri | $54,920 |
| Montana | $50,720 |
| Nebraska | $52,740 |
| Nevada | $59,250 |
| New Hampshire | $69,450 |
| New Jersey | $80,470 |
| New Mexico | $51,530 |
| New York | $77,680 |
| North Carolina | $60,490 |
| North Dakota | $60,300 |
| Ohio | $63,760 |
| Oklahoma | $56,240 |
| Oregon | $61,870 |
| Pennsylvania | $66,800 |
| Rhode Island | $62,580 |
| South Carolina | $49,670 |
| South Dakota | $49,060 |
| Tennessee | $57,560 |
| Texas | $61,060 |
| Utah | $58,580 |
| Vermont | $58,630 |
| Virginia | $76,130 |
| Washington | $71,730 |
| West Virginia | $48,640 |
| Wisconsin | $56,630 |
| Wyoming | $52,590 |
What Tools & Technology do Energy Brokers Use?
Below is a list of the types of tools and technologies that Energy Brokers may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Web browser software
- Microsoft Access
- SAP
- Microsoft SharePoint
- Microsoft Visual Basic
- Customer relationship management CRM software
- Oracle Siebel CRM
Becoming an Energy Broker
Are there Energy Brokers education requirements?
What work experience do I need to become an Energy Broker?
Where Energy Brokers Work
The table below shows the approximate number of Energy Brokers employed by various industries.
References:
Image Credit: Nick Nijhuis via Attribution-ShareAlike 4.0 International (CC BY-SA 4.0)
More about our data sources and methodologies.
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