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Energy Broker

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What Do Energy Broker Do?

Energy Broker Job Description 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

  • Analyze and evaluate energy supply bids to determine the best options.
  • Monitor energy supply contracts to ensure proper implementation and execution by suppliers.
  • Monitor the flow of energy in response to changes in consumer demand.
  • Answer customer questions related to energy sales procedures, energy markets, or alternative energy sources.
  • 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.

Things an Energy Broker Should Know How to Do

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.

  • Account Manager
  • Sales Associate
  • Energy Broker
  • Broker
  • Energy Trading Analyst

Is There 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. The BLS estimates 131,000 yearly job openings in this field.

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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.

Salary for an Energy Broker

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

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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?

Education needed to be an Energy Broker:

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How Long Does it Take to Become an Energy Broker?

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Who Employs Energy Brokers?

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Below are examples of industries where Energy Brokers work:

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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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