All About Energy Brokers
Energy Broker Definition Buy or sell energy products on the behalf of residential or commercial customers or utilities. Negotiate and oversee contracts for energy sales.
Daily Life Of an Energy Broker
- Analyze customer bills and utility rate structures to select optimal rate structures for customers.
- Facilitate the delivery or receipt of wholesale power or retail load scheduling.
- Analyze and evaluate energy supply bids to determine the best options.
- Forecast energy supply and demand to minimize costs and maximize availability.
- Research and recommend new products or services, such as alternative energy sources or renewable energy credits.
- Prepare and send requests for price quotations to all energy companies in a particular market.
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Skills Needed to be an Energy Broker
These are the skills Energy Brokers say are the most useful in their careers:
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 Jobs
- Power Originator
- Account Executive
- Client Service Associate
- Natural Gas Basis Trader
- Energy Trader
Job Outlook 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. Due to new job openings and attrition, there will be an average of 131,000 job openings in this field each year.
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.
Energy Broker Average Salary
The average yearly salary of an Energy Broker ranges 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 |
Tools & Technologies Used by Energy Brokers
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
How to Become an Energy Broker
Education needed to be an Energy Broker:
What work experience do I need to become an Energy Broker?
Where do 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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