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Energy Brokers

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What Do Energy Brokers Do?

Example of an Energy Broker Job 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

  • Purchase or sell energy or energy derivatives for customers.
  • Monitor energy supply contracts to ensure proper implementation and execution by suppliers.
  • Create product packages based on assessment of customers’ needs.
  • Analyze and evaluate energy supply bids to determine the best options.
  • Contact prospective buyers or sellers of power to arrange transactions.
  • Analyze customer bills and utility rate structures to select optimal rate structures for customers.

Skills Needed to be an Energy Broker

Energy Brokers state the following job skills are important in their day-to-day work.

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.

  • Account Executive
  • Energy Broker
  • Account Manager
  • Account Administrator
  • Electricity Trading Analyst

Job Demand for Energy Brokers

In 2016, there was an estimated number of 983,000 jobs in the United States for Sales Representatives.

New jobs are being produced at a rate of 9.7% which is lower than average. The Bureau of Labor Statistics predicts 94,900 new jobs for Energy Brokers by 2026. There will be an estimated 131,000 positions for Energy Broker per year.

Forecasted Number of Jobs for Energy Brokers in U.S.

The states with the most job growth for Sales Representatives are Texas, California, and Florida.

Watch out if you plan on working in Maine, Alaska, or South Dakota. These states have the worst job growth for this type of profession.

Average Energy Broker Salary

The average yearly salary of an Energy Broker ranges between $26,300 and $116,090. The median salary is $54,550.

Salary Ranges for Energy Brokers

How much do Sales Representatives make in different U.S. states?

Annual Mean Salary by State
State Annual Mean Salary

New Jersey

$80,470

New York

$77,680

District of Columbia

$76,460

Massachusetts

$76,200

Virginia

$76,130

Maryland

$75,600

Colorado

$72,490

Washington

$71,730

Connecticut

$70,600

New Hampshire

$69,450

Kansas

$69,440

Delaware

$67,290

California

$67,280

Pennsylvania

$66,800

Indiana

$66,610

Hawaii

$66,540

Minnesota

$64,940

Ohio

$63,760

Illinois

$63,440

Rhode Island

$62,580

Georgia

$62,170

Michigan

$62,100

Oregon

$61,870

Texas

$61,060

Iowa

$60,960

North Carolina

$60,490

North Dakota

$60,300

Nevada

$59,250

Alaska

$59,120

Vermont

$58,630

Utah

$58,580

Maine

$57,740

Tennessee

$57,560

Wisconsin

$56,630

Florida

$56,550

Oklahoma

$56,240

Kentucky

$55,910

Missouri

$54,920

Arizona

$54,520

Arkansas

$53,640

Alabama

$52,810

Nebraska

$52,740

Wyoming

$52,590

Idaho

$51,980

New Mexico

$51,530

Mississippi

$51,240

Louisiana

$50,770

Montana

$50,720

South Carolina

$49,670

South Dakota

$49,060

West Virginia

$48,640

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 SharePoint
  • Microsoft Word
  • Microsoft Office
  • Microsoft PowerPoint
  • SAP
  • Microsoft Visual Basic
  • Microsoft Access
  • Microsoft Excel

How do I Become an Energy Broker?

Learn what Energy Broker education requirements there are.

Energy Broker Degree Level

How many years of work experience do I need?

Energy Broker Work Experience

Where Energy Brokers Are Employed

Energy Broker Sectors

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

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