What is a business energy broker and are they worth it?
Short answer
A business energy broker is a Third Party Intermediary that requests quotes from multiple energy suppliers on a business's behalf, compares them, and handles contract negotiation and switching. Brokers are paid by the supplier via a per-kWh uplift, which the Ofgem TPI Code of Practice requires to be disclosed. A good broker is worth it for most UK SMEs because brokered pricing usually beats direct walk-up supplier quotes.
This guide is being written. The short answer above covers the essentials. Email us at enquiries@energyplanner.co.uk if you want the full briefing now.
What this guide will cover
- Detailed walkthrough of what is a business energy broker and are they worth it?
- Real-world examples from UK businesses we work with
- Common mistakes to avoid
- How to apply the principles to your own contracts