5 Things Every Successful Energy Broker Has in Common
Energy brokers have become an essential part of the energy industry. They help facilitate deals between energy buyers and sellers, providing valuable services in helping to find the best deal for their clients. Here are five things that successful energy brokers have in common:
1. Knowledge of the Energy Market
Successful brokers understand the energy market’s intricacies and how different deals may affect their clients’ bottom line. For example, energy broker software could help them compare different energy suppliers, spot opportunities for cost savings, and gain insights into the market dynamics to identify trends or opportunities.
Some essential skills a successful broker must possess include interpreting data sets, identifying market trends, and communicating complex topics in simple terms.
For example, brokers should understand the differences between different pricing plans, such as fixed or variable rates, to ensure they’re helping their clients make the most cost-effective choices.
2. Ability To Negotiate
A successful broker must effectively negotiate on their client’s behalf to secure favorable terms. An energy broker portal can help brokers stay organized and manage their time efficiently, but the ability to negotiate is an essential skill that any successful broker must possess. A great negotiator will be able to understand the market conditions and use their knowledge to work out the best deal for their clients. They should also be able to anticipate potential objections or problems and develop creative solutions.
3. Good Communication Skills
Effective communication is critical in building relationships with buyers and sellers and providing guidance tailored to each client’s needs. Energy broker platforms come with plenty of technical details that the client and the broker must understand.
Brokers need strong communication skills, enabling them to clearly explain complex topics in a way their clients can understand. Good communication also helps to build trust with clients, which is necessary for any successful energy brokerage business. Energy brokers must also be able to communicate effectively with utilities to find the best deals for their clients. This allows them to negotiate the best possible deals for their clients while considering current market conditions.
4. Understanding of Risk Management
Energy brokers need a good grasp of risk management and tools such as hedging strategies to help protect against unexpected price fluctuations or other risks in the energy markets. For example, brokers can use futures contracts to hedge against the risk of volatile prices and options contracts to help mitigate the effects of extreme weather events. They should also understand how regulations such as market power rules in different jurisdictions may affect their ability to operate and make deals.
5. Strong Network
A solid industry network helps brokers source better deals, access new markets, and leverage existing relationships when negotiating customer contracts. Being well-known in the industry also helps brokers build trust with their clients, as they can demonstrate their knowledge and expertise. Therefore, successful energy brokers have developed a comprehensive and robust network of contacts within the energy sector.
Call Enerclix for the leading energy broker in the country, and our team of experienced professionals can help you build your business from the ground up. With our competitive pricing, powerful negotiation skills, and vital customer service, our team will ensure you have everything you need to succeed. With our expert knowledge and strategic advice, we can give you an edge in this competitive industry. Contact us today.
How to Choose the Best CRM for Your Energy Brokerage?
When you are an energy broker, it’s essential to have a CRM system in place. Not only does this help you manage your customers and sales pipeline more effectively, but it can also help improve your bottom line. But with so many CRM systems on the market, how do you know which is right for you? Here are some features to check for:
1) Automated Lead Tracking
A good CRM system should have automated lead tracking and segmentation capabilities to help you quickly identify and prioritize potential leads. This helps you focus your time on the most promising opportunities and allows you to track progress more efficiently.
For example, energy contracts often involve complex, long-term deals with multiple stakeholders. A CRM system that can track these leads throughout the sales process and automatically update them as changes occur can be invaluable for energy brokers.
2) Comprehensive Reporting Dashboard
An effective energy broker platform should also provide a comprehensive reporting dashboard with real-time insights into your current and historical sales performance. Look for a CRM that offers comprehensive analytics and reporting tools, enabling you to quickly identify trends in customer behavior that can inform your future energy brokerage decisions.
Having complete visibility into sales data will also help you measure the ROI of any marketing campaigns or initiatives you undertake, allowing you to make more informed decisions about where best to invest your resources.
2) Easy-to-Use Interface
An energy broker software CRM should have an easy-to-use interface that allows users to quickly find, add and update information without needing advanced technical knowledge. Good CRMs are designed with intuitive navigation, allowing brokers to spend less time searching for the tools they need and more time managing their customers’ energy contracts.
Additionally, look for features like drag-and-drop menus, customizable dashboards, and in-app messaging that allow you to manage your customer accounts more efficiently. With the right software, managing energy contracts should be a breeze for brokers!
3) Customizable Features
A good energy CRM can be customized to suit the needs of your brokerage. Look for tools that allow you to set up custom fields, tailor reports, and build automated workflows. This allows you to ensure that your data is organized in a way that makes sense while streamlining processes like customer onboarding and follow-ups. Additionally, if you plan to scale your business, make sure the CRM you choose can grow with you by providing flexible options for scaling up and down.
Another essential consideration when searching for the best CRM for your energy brokerage is integration capabilities with other software solutions. Look for an energy broker portal that works seamlessly with other third-party software such as accounting, billing, and payment systems. Your CRM should also offer the ability to integrate with email marketing platforms for greater control over your digital campaigns.
Additionally, many energy brokers utilize multiple sales channels and strategies, so choosing a CRM that can be used with them is essential. This ensures that all your customer data is kept in one place, and you can gain a comprehensive view of your sales process.
Call Enerclix for the best CRM for your energy brokerage. Our energy broker platform is designed to help you manage complex client relationships and support business growth.
7 Best Practices to Use When Selecting Energy Brokerage Software
Many businesses and households are feeling the pinch when it comes to energy. With energy prices on the rise and no end of the Ukraine war in sight, it’s more important than ever to be frugal with your usage. One way to save on energy costs is to use an energy brokerage service. By signing up for retail energy brokerage software, you can choose which provider you want to use and how much you want to pay for your energy each month.
Make sure the software is updated regularly
Software updates can include new features, bug fixes, and security patches. It is important to ensure that your software is up-to-date to keep your computer safe and running efficiently.
Choose software with a user-friendly interface
Energy software can be complex. However, a good software solution will have an interface that is easy to understand and use. For example, the software should have a dashboard that provides an overview of your energy usage and costs. Then, it should be easy to drill down into your usage details to find areas where you can save.
Compare pricing plans from different providers
Before selecting a software provider, compare pricing plans from different providers. This will help you find the best plan for your needs and budget.
Consider the features that are offered with each plan
Each software provider offers different features with its pricing plans. It is essential to consider which features are the most important to you and which provider offers them. For example, some providers offer a live chat feature while others do not.
Determine if the provider offers customer support
When selecting a software provider, determine if they offer customer support. This will assist you if you have any questions or problems using the software.
Check if the provider has any hidden fees
Some software providers have hidden fees associated with their plans. Be sure to evaluate and check for these fees before selecting a provider so there are no surprises later on.
Read online reviews of the provider before making a commitment
Before committing, read online reviews of the software provider you are considering. This will give you an idea of what others think about the quality of service offered by this provider.
Selecting an energy broker software is a big decision that can impact your monthly budget. By following these seven best practices, you can choose the right provider for your needs and save time and money in the long run.
The Role of an Energy Broker in the Energy Purchasing Process
If you are ever speaking with a client who is confused about what exactly an energy broker does, direct them to this article so they can be well-informed on the entire process and your role in it.
Energy management is a process through which organizations set goals and strategies to reduce energy consumption and save money. Part of this process includes energy procurement or purchasing energy from suppliers.
While some businesses may handle their energy procurement, others may work with an energy broker. Energy brokers are independent professionals who help businesses identify the best energy suppliers and tariffs for their needs and negotiate contracts on their behalf.
Major tasks performed by an energy broker
- Conducting market research to identify the most competitive energy suppliers.
- Analyzing a business’s energy usage and needs.
- Recommending strategies to reduce energy consumption and costs.
- Negotiating energy contracts on behalf of businesses.
- Providing ongoing support and advice.
Reasons To Hire an Energy Broker
In addition to the significant cost-savings brought in through well-worked deals, an energy broker can benefit a business in the following ways:
1) Providing a futuristic approach
An energy broker will have their finger on the pulse of the energy market. This means they can help a business to anticipate future changes and develop strategies to stay ahead of the game.
2) Time savings
The process of conducting market research, negotiating contracts, and managing ongoing energy supply can be very time-consuming. By hiring an energy broker, businesses can free up time to focus on other areas of their business.
3) Expert knowledge of the energy industry
Energy brokers have in-depth knowledge of the energy industry. This means they are well-placed to advise businesses on the best way to meet their needs and achieve their goals.
4) Take care of administrative tasks
An energy broker can take care of all the administrative tasks associated with energy procurement, such as managing supplier invoices and payments. This results in significant time-savings for the business.
Energy Brokerage Software – The Superpower of Energy Brokers
The deregulated energy industry is complex, with many suppliers and tariffs to choose from. The energy brokerage software helps brokers to stay ahead of the competition in the following ways.
- The software makes the broker’s job easier so they can focus on providing the best possible service to their clients.
- With the help of the software, the broker expands his clientele, thus garnering broader experience and better revenue.
- The software automates the entire energy procurement process, from conducting market research to managing supplier invoices and payments. This makes the process hassle-free and more efficient.
The Bottom Line
Energy brokers play an essential role in the energy purchasing process. When choosing an energy broker, it is worth considering those equipped with energy brokerage software as it can offer additional benefits to businesses.
Enerclix is a cloud-based energy procurement software that helps energy brokerage businesses save time and money. It is the only retail energy brokerage software that offers a complete end-to-end solution. It is designed for easy use and offers a wide range of features.
The Best Energy Broker Software for Your Business
Energy solutions for brokers are changing fast. As an energy broker, you need to be at the forefront of the market to get the best possible deals for your clients. The best energy broker software will help you do all of these things, and more. It will give you the tools you need to succeed in a competitive marketplace.
- Grow and automate sign-ups
- Automate energy buying and selling
- Monitor the energy market in real-time
- Analyze data to find the best deals
- Increase sales and manage risk
Lets explain each of these points further:
Grow and automate sign-ups
Energy broker software will help you grow your business by automating the sign-up process. This means you can quickly and easily add new clients without worrying about the paperwork.
Automate energy buying and selling
Once you have a client, the best energy broker software will help you automate the energy buying and selling process. Get the best possible deals for your clients without having to spend hours on the phone or chasing up quotes.
Monitor the energy market in real-time
The software will also help you stay ahead of the curve by providing real-time market data. You can quickly identify new opportunities and ensure you always get the best possible deal for your clients.
Analyze data to find the best deals
Finally, the best energy broker software will help you analyze your data to find the best deals. You can save time and money by finding the most competitive rates on the market.
Increase sales and manage risk
You will have the tools you need to succeed in a competitive marketplace. Also, you can gain access to quicker quotes, automated enrollments, and fewer dropped sales.
The best energy broker software will help you succeed in a competitive marketplace. Get the tools you need to grow your business and win more customers.
Enerclix is the leading energy broker software solution on the market. We offer a suite of features that will help you succeed in a competitive marketplace.
Request a free demo of Enerclix today and see how we can help you grow your business.
How to Encourage Prospects to Switch Energy Brokers
In a deregulated market, consumers have the power to choose their energy provider if they’re not happy with the one they have. But, they may have questions such as, what are the reasons to switch brokers? And how do they go about doing it without disrupting their service? Here’s everything you need to know to show prospective clients how switching energy brokers can save them money on energy.
Reasons to Switch Energy Brokers
They may be thinking, “My broker is fine. I don’t need to switch.” But, there are actually a few reasons why they might want to consider changing brokers.
1. They’re not happy with the service
If they’re not happy with the level of customer service they’re receiving, it may be time to switch brokers. They have the power to choose their energy provider, so they should feel comfortable and taken care of by their broker. If they don’t, it’s time to find someone new.
2. Their rates have increased
If their energy rates have gone up, it may be time to switch brokers. A good broker will work to get them the best rate possible. If their broker isn’t doing that, it’s time to find a new one.
3. They want to go green
If they’re interested in going green and using renewable energy, some brokers specialize in that. If their broker doesn’t offer what they’re looking for, it may be time to switch.
How to Switch Energy Brokers
Now that you have the reasons to switch brokers to present to prospects, let’s talk about how to walk them through the process.
1. Check if there are any cancellation fees
Before switching brokers, they should check to see if there are any cancellation fees. They don’t want to be stuck paying a fee just to leave their current broker.
2. Choose a new broker
There are a few things to consider when making this decision. Provide them with all of the reasons why they should choose you as their new energy broker. First, by comparing your rates and plans to other energy brokers. Also showing that you are licensed and accredited. Then, direct them to your customer reviews so they can get a feel for the customer service they can expect.
3. Make the switch
Tell them that once they’ve decided, the process of switching is simple. All they have to do is contact you to make the switch.
We hope these tips help you increase your client base!
The Energy Broker Strategies for Power Price Increases
Power prices in the US have been increasing recently, and this has been hard for energy brokers and consumers. While many consumers are now shopping for different types of deals, energy brokers also need to look for alternatives to lessen the impact on their business.
If you are using software for energy brokers, you will be able to see several options open to you that can lessen costs. Using software for your business can help make processes efficient and lower your overall costs. Here is what to know about the power price increase and strategies you can use to lessen overall costs:
Why Are Power Prices Increasing?
If you use energy broker software that informs you of gas prices or read the news, you will know that prices increase. The global oil demand has been steadily increasing, and OPEC has prohibited oil extraction from increasing in many countries.
Since oil is a primary component of electricity production, the increase in oil prices has translated directly to electricity costs increasing. Electricity plans becoming more expensive is forcing consumers to look at alternative plans and find electricity brokers willing to supply cheaper electricity.
Look At Cost-Cutting Practices
You can reduce the impact of increasing electricity prices on your consumer by reducing the costs of management and maintenance of your business. There are many options available to you, like adopting energy brokerage software, educating your employees about energy efficiency, using software to track how much energy is being used, etc.
As an energy brokerage business, it is crucial that you understand what your customers are looking for. You want to cater their plans to their uses, which can also reduce their overall costs.
Find Government Incentives
If you provide energy to other businesses, you can look for government incentives that make energy cheaper. It is only targeted at businesses that want to lessen their energy consumption. Some incentives you can find are:
- Tax breaks
- Energy audits
Depending on what kind of consumers you have and what plans they are using, you can find various incentives available. Businesses will also be keener to reduce their consumption or adopt energy-efficient technology, saving money and increasing efficiency simultaneously.
Use Green Energy Providers
Using renewable energy for your customers can lessen or completely eliminate the dependency on oil prices. It can make electricity cheaper in the long term, and you might also find government incentives that can make it more affordable.
It can be ideal to implement an energy management software to ensure businesses can track their consumption and know where reduction needs to occur. It can make businesses more energy-efficient without much hassle.
Make Consumers Aware
As an energy broker, you help find the best energy deals for your clients. When electricity prices increase, your customers might start looking elsewhere even if no better deals are available. Your responsibility is to make your customer aware of why the prices are increasing and whether they should stick to or cancel their current electricity plan.
Making consumers aware is crucial when you want to ensure long-term clients and help them find the best deals. Use these alternatives to lessen the impact of rising electricity prices and your continued success.
Contact us if you are interested in a Live Demo of our Energy Brokerage Software – the only retail energy software featuring a Live Marketplace.
4 Ways to Become a Retail Energy Broker: Insider Tips for Success
There are many to choose from these days, but how do you know which energy broker platform is the best for your business?
In this blog post, we will give you some insider tips on becoming a retail energy broker and being successful in this industry!
#Tip 1: Get to know the energy broker platform that you are using
The first tip is to get to know the energy broker platform you are using. This may seem like a no-brainer, but it is actually very important. You need to understand how the platform works and what features it has to offer. This way, you will be able to use it to its full potential and get the most out of it.
If you are unsure where to start, we recommend checking out our energy broker platform, Enerclix. We offer a free trial so that you can try out all of our features and see if it is the right fit for your business.
#Tip 2: Get to know your customers
The second tip is to get to know your customers. It is important to understand their needs and wants. This way, you will be able to offer them the best possible products and services. For example, if you know that your customers are interested in green energy, you can offer them environmentally friendly products.
In addition, you should also keep up with industry trends to offer your customers the latest in energy services.
#Tip 3: Stay organized
The third tip is to stay organized. This is important because you will be dealing with a lot of information. You need to keep track of all of your customers, their energy needs, and the products and services you offer.
We recommend an easy-to-use energy broker platform like Enerclix. Our platform is designed to be user-friendly and helps you stay organized to focus on what is important – your customers!
#Tip 4: Offer the best customer service
The fourth and final tip is to offer the best customer service. This is one of the most important aspects of being a successful energy broker. You need to be able to provide your customers with the best possible service so that they will keep coming back to you.
Why Choose Enerclix’s Energy Broker Platform?
Here are some reasons why you should choose our energy broker platform:
– We offer a free trial so that you can try out all of our features.
– Our platform has multiple membership/licensing package options to fit your needs.
– Hosted in a Tier IV Facility – the highest level of security and scalability.
– SSAE 16 Type II Compliant and 2048 Bit – SSL.
– Access live pricing and transact deals in real-time with our Live Marketplace™.
– We offer training and support so that you can get the most out of our platform
If you are looking for an energy broker platform that can help you be successful in this industry, look no further than Enerclix!
Contact us today to learn more!
8 Ways To Reduce Energy Costs At Your Business in 2022
Reducing energy costs is a top priority for businesses of all sizes in 2022. Companies are looking for new and innovative ways to reduce their energy consumption, particularly with the US government’s recent focus on climate change and rising energy costs.
Here are eight solutions that can help your business reduce energy costs in 2022:
1. Use software to track and monitor energy usage.
You can use energy monitoring software to track how much energy your business is using. This software can help you see where you are using the most energy and what changes you can make to reduce your consumption. Some metrics that you may want to track include:
– Total energy consumption
– Energy consumption by department or process
– Energy intensity (energy use per unit of production)
2. Advocate for energy-efficient software and hardware.
When it comes time to purchase new software or hardware for your business, advocate for energy-efficient products. This will help reduce your business’s overall energy consumption. Some things to look for when purchasing software or hardware include:
– ENERGY STAR® certification
– EPEAT® rating
3. Use software to automate energy-saving tasks.
Many software programs can automate energy-saving tasks for your business. For example, you can use software to schedule when lights are turned off or on, set thermostats to more energy-efficient temperatures, and control other energy-using devices. Automating these tasks can help you save energy without changing your daily routine.
4. Find an energy broker.
An energy broker can help you find the best energy deals for your business. They will work with you to understand your energy needs and then find suppliers that can provide you with the energy you need at the best price. Working with an energy broker can help you save money on your energy costs.
5. Monitor your carbon footprint.
Carbon footprint monitoring can help you understand your business’s impact on the environment. This information can help you make changes to your business operations to reduce your carbon footprint and help fight climate change.
6. Educate your employees about energy efficiency.
Employees are a business’s biggest resource for reducing energy costs. Educating your employees about how they can save energy will help them become more mindful of their energy consumption. Some ideas for educating employees about energy efficiency include:
– hosting an energy efficiency training
– creating energy efficiency policy guidelines
– posting energy efficiency tips around the office
7. Find government incentives.
Many government incentives are available to businesses that want to reduce their energy consumption. These incentives can help you save money on your energy costs and make it easier for your business to become more energy-efficient. Some government incentives that are available for businesses include:
– tax breaks
– low-interest loans
– energy audits
– energy efficiency certification
8. Use a green energy provider.
If you want to use renewable energy in your business, you can work with a green energy provider. These providers offer renewable energy products such as solar and wind power. Using renewable energy can help you reduce your carbon footprint and support the transition to a low-carbon economy.
Finally, implement an energy management system. An energy management system (EMS) is a software program that helps businesses manage their energy use. EMS programs can help you track your energy consumption, set energy-saving goals, and monitor progress. Having an EMS can help you reduce your energy costs and become more energy-efficient.
U.S. Oil Production to Increase in 2022
According to a recent Energy Information Administration (EIA) report, U.S. oil production is expected to increase significantly by 2022. The report states that the country’s crude oil output will jump from an average of an additional 2.5 million b/d to an average of 28.8 million b/d in 2022. This is great news for the American economy and energy independence!
The main driver of this growth is the Permian Basin, located in western Texas and southeastern New Mexico. The basin has seen a surge in drilling activity in recent years, and the EIA expects production to more than double by 2022.
Other areas expected to see growth include the Gulf of Mexico and offshore Alaska. The EIA estimates that production from these areas will increase by 30% and 25%, respectively, by 2022.
This growth in U.S. oil production is good news for the country’s energy security and economy, and it will help reduce our dependence on foreign oil. It’s also a significant boom to the energy industry. So, let’s take a look at some of why this growth is expected to occur.
What this means for the American economy
One reason for increased production out west may be higher prices that have been fetched for Permian Basin oil in recent years. The basin is one of the most prolific oil-producing regions in the country, and it has seen a surge in drilling activity in recent years. This has led to higher prices, which have helped offset the cost of drilling.
The Permian Basin is also a significant producer of natural gas, and the growth in oil and gas production is likely to continue. This will create opportunities for companies that provide goods and services to the energy industry, and it will also help create jobs.
So, what does it all mean for energy independence?
This will lead to less reliance on OPEC and other foreign producers, and it will also mean that there will be less demand for oil from countries like Venezuela or Nigeria. This is good news for the U.S., as it will help to reduce our trade deficit and increase energy security.
How this will impact the global oil market
The global oil market is expected to see a historic shift in the coming years as demand continues to grow while supply stagnates. This will lead to higher prices and increased volatility in the market.
The growth in U.S. oil production will help to offset some of this volatility and should lead to somewhat lower prices for both crude and refined products.
What does this mean for American consumers?
It’s also good news for consumers, as it will lead to lower prices for both crude and refined products.
The increase in U.S. production is expected to impact the American economy and energy independence positively. This will also help reduce our trade deficit, which is currently at an all-time high.