A Utility Broker is an organization that links clients to various energy providers. They are also referred to as Energy Brokers, Energy Retailers, or EMRs (synergistic managers). An EMR or Electric Metallic Contractor does not directly buy or sell energy, natural gas, or any other commodity. Instead, they act as intermediaries who purchase contracts from suppliers at wholesale and then sell them to end-users. Many EMs work closely with utility companies to help them identify their markets and develop plans to enter into business relationships.
negotiations regarding tariffs, rates, pricing, incentives, and other factors
As a utility broker aids the development of new relationships and prepares utilities for economic expansion, they often become involved in negotiations regarding tariffs, rates, pricing, incentives, and other factors. In many instances, energy suppliers will require an EMR to provide incentives to customers who use their services. As such, EMs know numerous electricity suppliers, including electric, gas, cable, gas, oil, and water companies. In addition, many brokers provide a comparative chart detailing the benefits and costs associated with using different utilities.
the Texas Public Utility Commission (TPC)
To become an EMR, an individual must be licensed by the Texas Public Utility Commission (TPC). Furthermore, to qualify, they must be registered with the Texas Department of Insurance. To be licensed, brokers need to have completed a three-year associate degree at an accredited college or university and be registered with the TPC. Brokers also need to complete a two-year certification course in energy marketing. Upon completion, an EMR should have a strong understanding of energy tariffs, electricity suppliers, and competitive markets.
protects consumer rights to compare rates and prices
The benefits of working with a utility broker include access to diverse and powerful resources. Texas law protects EMs and protects consumer rights to compare rates and prices, obtain incentives and cost savings, and dispute billing errors. In addition, to protect the public, EMs are required to maintain certain records. For example, an EMR’s billing records must clearly identify the customer, the company, the invoice number, and the contact information.
offer you suggestions for improving your service
If you choose to go with energy brokers instead of utilities, you can still contact suppliers. However, if your energy supplier is not a licensed electrician, your EMs will not be able to access them. For these reasons, it may be a better idea to work with an energy broker. Not only will you be able to receive accurate quotes and information regarding energy supplier offers, but you’ll also be able to make sure that your suppliers are licensed and follow state law. In addition, an EMR will not be able to offer you suggestions for improving your service, as an EMR will not be able to communicate with your suppliers.
provide a service that helps your business meet its energy consumption requirements
Many businesses in Texas are small. There are many different types of licenses required for businesses in Texas, and not all businesses will have all the licenses required for their line of work. Because of this, it’s important to work with a licensed professional who can provide a service that helps your business meet its energy consumption requirements. A good Texas business energy broker will be licensed with the Texas Department of Insurance, also known as the Department of Licensing and Regulation. Working with an EMR is the easiest way to make sure that your company meets all of its energy consumption needs. By working with an experienced professional who can connect you to suppliers of natural gas, electricity, and oil, you’ll be able to save money, while still meeting all of your business energy usage needs.