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.
Life As an Energy Broker
- Contact prospective buyers or sellers of power to arrange transactions.
- Develop or deliver proposals or presentations on topics such as the purchase or sale of energy.
- Answer customer questions related to energy sales procedures, energy markets, or alternative energy sources.
- Monitor energy supply contracts to ensure proper implementation and execution by suppliers.
- Monitor the flow of energy in response to changes in consumer demand.
- Purchase or sell energy or energy derivatives for customers.
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What Skills Do You Need to Work as 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.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Related Job Titles
- Account Executive
- Real Time Trader
- Energy Scheduler
- Account Manager
- Natural Gas Basis Trader
Job Demand 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. 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.
How Much Does an Energy Broker Make?
Energy Brokers make between $26,300 and $116,090 a year.
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 & Technology 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
How to Become 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 Are Employed
The table below shows some of the most common industries where those employed in this career field work.
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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