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Energy Broker

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What Does it Take to Be an Energy Broker?

Career Description 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?

  • Prepare and send requests for price quotations to all energy companies in a particular market.
  • Develop or deliver proposals or presentations on topics such as the purchase or sale of energy.
  • Purchase or sell energy or energy derivatives for customers.
  • Explain contracts or related documents to customers.
  • Contact prospective buyers or sellers of power to arrange transactions.
  • Forecast energy supply and demand to minimize costs and maximize availability.

Energy Broker Needed Skills

When polled, Energy Brokers say the following skills are most frequently used in their jobs:

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.

Other Energy Broker Job Titles

  • Energy Trader
  • Renewable Energy Trader
  • Account Leader
  • Energy Derivatives Trader
  • Electricity Trading Analyst

What Kind of Energy Broker Job Opportunities Are There?

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

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 average yearly salary of an Energy Broker ranges 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.

How much do Energy Brokers make in each U.S. state?

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

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 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 do I Become 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

Who Employs Energy Brokers?

Energy Broker Sectors

Energy Brokers work in the following industries:

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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