What Does it Take to Be an Energy Broker?
Energy Broker Example 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
- Create product packages based on assessment of customers' needs.
- Purchase or sell energy or energy derivatives for customers.
- Research and recommend new products or services, such as alternative energy sources or renewable energy credits.
- Analyze customer bills and utility rate structures to select optimal rate structures for customers.
- Negotiate prices or contracts for energy sales or purchases.
- Facilitate the delivery or receipt of wholesale power or retail load scheduling.
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Energy Broker Required Skills
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.
Related Job Titles
- Account Executive
- Account Manager
- Natural Gas Basis Trader
- Client Service Associate
- Senior Energy Market Coordinator
Job Outlook for Energy Brokers
There were about 983,000 jobs for Energy Broker in 2016 (in the United States). 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.
Do Energy Brokers Make A Lot Of Money?
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.
Below is a list of the median annual salaries for Energy Brokers 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 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
Learn what Energy Broker education requirements there are.
What work experience do I need to become an Energy Broker?
Where Energy Brokers Work
Energy Brokers work in the following 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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