What Is a Utility Broker?

Utility Brokers play an important role in the commercial and residential markets. They have the experience to find and represent the best deals for their customers. The major tasks of utility brokers include locating service providers, sorting through competing offers from multiple companies, and negotiating the best terms for their clients. Utility brokers have the knowledge to help businesses that are not familiar with many of the processes that utility companies go through when providing services.

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Businesses that do not deal with utility companies regularly may be surprised by a visit from a utility broker. For example, a company that does not use electricians regularly might call a broker to find out if it is a good time to buy a new electrician. When a utility finds out that a business is buying and using electricity without a license or understanding the rules and regulations that utility companies go through, they often threaten to shut down or fine the business. Brokers have the skill to know when to shop around for the best rates and the right customer. Without their knowledge, businesses would be lost.

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Brokers also work directly with several different kinds of utility. They can find out the best prices on services ranging from sewer cleaning to trash pickup and air conditioning repair. They can also provide information about local water treatment plants and can give advice as to which services they recommend. A broker can also help people decide where to get their next water heater, why certain appliances break down, and how to keep them running efficiently.

A reputable broker will have their licensing information readily available. This license is evidence that they have followed all of the rules and regulations set forth by the Utility Consumer Debt Act. It will also show that they have the experience required to be licensed. Most states require brokers to have at least a bachelor’s degree in a relevant field. In addition, a number of states require that brokers pass the American Society for Professional Engineers (ASPE) certification exam.

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Brokers also are authorized to work in various capacities for utilities including compliance and policy implementation. When this happens, the broker may act as an executive for both the company and the customer. While it is possible for brokers to handle all aspects of the business from A-Z, some brokers do excel in one or two areas. If you are interested in helping a company to comply with state and federal regulations to protect the environment, or you are considering investing in residential or commercial properties, you may want to find out if a broker has experience with the equipment your company will need to run properly.

Many utility brokers specialize in either residential or commercial customers. If you are looking for a residential broker, you may be able to use a broker who focuses on a single type of client. For example, if you want to find the cheapest homeowner’s insurance available, a broker will likely have connections with several companies. On the other hand, if you are looking for commercial services, you may not have many options.

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