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Energy Broker

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What is an Energy Broker?

Job Description & Duties 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: What Do They Do?

  • Purchase or sell energy or energy derivatives for customers.
  • Monitor the flow of energy in response to changes in consumer demand.
  • Price energy based on market conditions.
  • Forecast energy supply and demand to minimize costs and maximize availability.
  • Develop or deliver proposals or presentations on topics such as the purchase or sale of energy.
  • Research and recommend new products or services, such as alternative energy sources or renewable energy credits.

Energy Broker Needed Skills

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.

Types of Energy Broker Jobs

  • Senior Energy Trader
  • Sales Specialist
  • Energy Scheduler
  • Account Executive
  • Energy Management Specialist

Is There Job Demand for Energy Brokers?

In the United States, there were 983,000 jobs for Energy Broker in 2016. 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.

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

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.

What is the Average Salary of an Energy Broker

The typical yearly salary for Energy Brokers is somewhere between $26,300 and $116,090.

Salary Ranges for Energy Brokers

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?

Although they’re not necessarily needed for all jobs, the following technologies are used by many Energy Brokers:

  • 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

Are there Energy Brokers education requirements?

Energy Broker Degree Level

How Long Does it Take to Become an Energy Broker?

Energy Broker Work Experience

Where Energy Brokers Are Employed

Energy Broker Sectors

Below are examples of industries where Energy Brokers work:

Energy Broker 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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