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The Two Hidden “Gotchas” Associated with “Free” Energy Broker Services

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The “Free” Services of Natural Gas or Electricity Supply Brokers Aren’t Free If you are a commercial or industrial energy consumer in states where energy choosing third-party natural gas or electricity suppliers is an option, you either have been or will be contacted by natural gas or electricity supply brokers that offer to get and help you compare energy supply quotes for “free” and without obligation.   Sounds good right? You get free energy price quotes, free market intel, free consultation, and without an obligation to sign a contract either with a supplier or broker. What can go wrong?   The problem is, consumers don’t realize that there are two […]

Energy Broker Commission: The Truth Revealed

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It’s Not An Energy Broker Commission, It’s a Hidden Upcharge You’ve been approached by an energy broker and told you that they can get you the best energy deal out there. You’re intrigued. You would like help comparing energy suppliers. But, you’re smart. You ask the energy broker a responsible question, “How much will it cost my company to use your services?” Most likely, the response will be, “there is no cost to you.” But, you know better than that. You intuitively say to yourself, “The energy broker isn’t doing this for free. They are making money somehow.” So, you ask the next sensible question. “How do you make your […]

Broker to Broker Outsourcing Leading to Fat Energy Supply Prices

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Energy Consumers Paying Twice for “Free” Energy Brokering Services Did your energy broker outsource the brokering of your natural gas and electricity supply deals to another energy broker? If this is the case, you can bet that your natural gas or electricity supply prices are significantly over-inflated. Most energy consumers that engage energy brokers are unaware that broker-to-broker outsourcing occurs, let alone understand the significant inflationary impact it has on their energy supply costs.   This blog exposes this practice and explains how it leads to exorbitant energy supply price escalation.     For this blog to make sense, you need to invest in understanding the basic broker business model. […]

Fake Energy Consultants Two-Timing Consumers with Double-Dip

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Businesses Paying Twice for “Free” Energy Broker Services Businesses engaging fake “energy consultants” to help with energy supply procurement are realizing significantly inflated natural gas and electricity supply prices, up to 25% – the result of a highly diabolical deception, called the “double-dip”, being orchestrated by their energy-brokers-in-disguise.     As implied by the name, victims of the “double-dip” are paying twice for energy supply “consulting” services, and they don’t know it. The reason – their energy-brokers-in-disguise are embedding undisclosed, unauthorized, and exorbitant hidden upcharges into their clients’ energy supply prices – in addition to “consulting fees” negotiated between the “consultants” and energy consumers.   Energy Supply Brokers Take Advantage […]

Going Once, Going Twice – Sold! Bad Energy Deals to Consumers in the Dark

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Energy Auctions May Not Be “Free” Energy consumers realize significantly inflated energy supply costs, up to 25%, a function of non-disclosed & hidden upcharges built into the energy supply prices garnered through some “free” on-line natural gas and electricity energy auctions.     Hidden Markups Embedded in Energy Auction Prices The crux of the problem – claims from some auctioneers that their services are of ‘no-cost” to consumers because their revenues stem from fees “paid’ by bidding energy suppliers. This phraseology creates an out-of-context rationale for energy consumers to use an energy auction – no cost, no risk – all at the expense of participating energy suppliers. Because of word […]

Businesses Hoodwinked By Energy Brokers Dodging Upcharge Disclosure

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Brokers Manipulating Natural Gas and Electricity Prices to Maximize Upcharges and Dupe Consumers What if you found out that you were paying significantly more for electricity and natural gas because your energy broker manipulated energy supply price offers, with the intent of steering you to a pre-determined supplier, to satisfy a hidden agenda? Based on what I see in the marketplace, this is happening.   This blog post is about a disturbing new tactic being used by energy supply brokers to ensure they get what they want. What do they want? They want to make money by embedding hidden upcharges into the natural gas and electricity prices they provide to […]

A Key to Top-Notch Energy Procurement: Avoid Biased Energy Buying “Advice”

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Energy Procurement Recommendations Loaded with Hidden Agendas I consistently find that energy consumers base their decisions on how to buy energy on recommendations from energy suppliers or energy brokers. They say to themselves, “They are the experts. They know what’s best.”   Here’s the problem. Energy buying “advice” from energy brokers or suppliers can be compromised, leading to increased energy supply costs and inflated business risk for consumers.     Energy buying “recommendations” are compromised when there are hidden agendas. The hidden agendas of energy suppliers and energy brokers typically revolve around two issues – competition and margin appetite.   How The Energy Consumer Loses When the Energy Supplier or […]

Ouch! Energy Buyers Being Bitten By Hedge Hogs

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Natural Gas and Electricity Brokers Marking Up Energy Price Hedges For purposes of this blog, the “hedge hog” is an energy broker that secretly embeds hidden upcharges into energy consumer supply-related commodity prices. This is the next part of series of blog posts designed to educate energy consumers about the multiple tactics used by energy brokers to embed hidden upcharges into energy prices.     Here’s how it works, using natural gas as the example fuel type.   The consumer is working an energy broker. A 36-month natural gas agreement has been implemented with a supplier, and the deal structure is variable, by month. The variable component of the total […]

How Energy Brokers Orchestrate the “Stuff & Fluff” Tactic

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Energy Brokers Increasing Revenues at the Expense of Their Own Clients This is the second segment of the expose regarding a tactic that energy brokers use to maximize, not just establish, but maximize hidden upcharges embedded into energy supply prices which can amount up to 25% of the total energy supply cost.     I call this the “Stuff & Fluff” tactic.   The first segment explained the premise behind the “Stuff and Fluff” tactic. This second segment will provide an example of how this diabolical tactic is orchestrated.   As stated in Segment 1, energy brokers need multiple quotes from energy suppliers to pull off this maximization. Energy brokers […]

How Energy Brokers Manipulate Energy Supply Prices to Embed Hidden Upcharges: Part 2 – The “Stuff & Fluff” Tactic (An Intro)

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How Energy Brokers Manipulate Electricity Prices and Natural Gas Prices to Embed Hidden Upcharges: Part 2 – The “Stuff & Fluff” Tactic If you care about business ethics (and significantly inflated energy prices), this is for you. This blog introduces a tactic commonly used by energy brokers that takes advantage of energy consumer vulnerability and trust with the objective of maximizing (not just establishing) hidden upcharges that are embedded in energy supply prices, at the expense of the energy consumers they are supposed to be “helping.” A follow up post will include an example of how energy brokers orchestrate this tactic.     What is this tactic? I call it […]