Many organizations choose to work with brokers to buy energy under the assumption that the broker’s access to suppliers and market knowledge will get them the best price and terms on their supply contract.
But how do you know that this is actually true? How transparent is your energy broker, and what do you really know about their decision process?
We’ve put together a list of key questions that organizations should ask to determine if their brokers are really working for them.
To know that you are getting the best price, terms, and service, it’s important to know how your broker is compensated—and how much.
Many energy brokers sign non-disclosure agreements with suppliers that prevent them from disclosing commission values. Others require advance payments from suppliers, which add risk premiums to your rate. Some receive gifts, bonuses, and other incentives from suppliers in exchange for your business.
It’s important that your broker fully disclose their fees and that their brokerage agreements disclose any additional benefits.
Enel X’s people, process, and technology combine unparalleled expertise in wholesale and retail energy markets, the industry’s largest supplier network, and the world’s preeminent reverse auction platform to help you get the best market price for the product that best suits your needs.
Enel X’s retail auction platform obtains prices from dozens of suppliers in a matter of minutes, compelling them to compete for your business and ensuring you get the best possible price. See a reverse auctionin action.
