How are energy brokers paid?

Usually by commission added to the unit rate of the contract they place. That is lawful, but the amount should be disclosed to you in writing before you sign.

On every contract we place, either by a margin on the final unit rate or by a fixed management fee invoiced directly. Which applies is agreed in writing before the contract is signed.

What does a consultancy check that a switch does not?

Invoice accuracy, agreed capacity, out of hours consumption, network charges and compliance obligations such as ESOS, SECR, MEES and TM44.

What should we ask before signing a Letter of Authority?

What level of authority it grants, whether it lets anyone sign contracts on your behalf, how the firm is paid, and how you withdraw it. We hold a Level 1 Letter of Authority only, so you sign every contract yourself.

Services

Energy consultant or energy broker?

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In short

A broker's work usually ends when a supply contract is placed. A consultancy also checks invoices, agreed capacity, consumption and compliance, which a supplier switch does not change. Whichever you use, ask how they are paid and get the answer in writing.

What this does not do. This page describes the two models in general terms. It is not a ranking of any firm, and some brokers offer wider services.

The first review across your invoices costs nothing. Later work is quoted and agreed in writing before it begins. Cost recovery

How each is paid

Set side by side, in the firm's own words.

A broker

How they are paid: Usually by commission added to the unit rate of the contract they place. That is lawful, but the amount should be disclosed to you in writing before you sign.
What they check: A broker's work usually ends when a supply contract is placed.

Our consultancy

How they are paid: On every contract we place, either by a margin on the final unit rate or by a fixed management fee invoiced directly. Which applies is agreed in writing before the contract is signed.
What they check: Invoice accuracy, agreed capacity, out of hours consumption, network charges and compliance obligations such as ESOS, SECR, MEES and TM44.

Questions

What clients ask

: Usually by commission added to the unit rate of the contract they place. That is lawful, but the amount should be disclosed to you in writing before you sign.
: On every contract we place, either by a margin on the final unit rate or by a fixed management fee invoiced directly. Which applies is agreed in writing before the contract is signed.
: Invoice accuracy, agreed capacity, out of hours consumption, network charges and compliance obligations such as ESOS, SECR, MEES and TM44.
: What level of authority it grants, whether it lets anyone sign contracts on your behalf, how the firm is paid, and how you withdraw it. We hold a Level 1 Letter of Authority only, so you sign every contract yourself.

Read the detail

Proof

What we have delivered, and who checks our work.

Each figure below is taken from our evidence record and has a full case study behind it.

Michels and Taylor
£206,000a year saved on procurement
Read the case study: Michels and Taylor
Broadening Choices for Older People
£161,000a year saved on gas, about £483,000 across a three-year term
Read the case study: Broadening Choices for Older People
Roam
Group rates10 per centlower than the previous brokered prices
Read the case study: Roam

Checkable with the issuing body

All case studies The full evidence record