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.
A Day in the Life of an Energy Broker
- Monitor the flow of energy in response to changes in consumer demand.
- Research and recommend new products or services, such as alternative energy sources or renewable energy credits.
- Contact prospective buyers or sellers of power to arrange transactions.
- Price energy based on market conditions.
- Develop or deliver proposals or presentations on topics such as the purchase or sale of energy.
- Create product packages based on assessment of customers’ needs.
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Qualities of 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.
Types of Energy Broker Jobs
- Account Leader
- Natural Gas Basis Trader
- Renewable Energy Trader
- Senior Power Scheduler
- Sales Associate
Is There Going to be Demand for Energy Brokers?
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.
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.
Energy Broker Average Salary
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.
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 |
What Tools 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
Education needed to be an Energy Broker:
What work experience do I need to become an Energy Broker?
Where Energy Brokers Work
The table below shows the approximate number of Energy Brokers employed by various 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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