Activities of brokers and agents for electric power and natural gas

NACE code 35.4 covers the activities of brokers and agents involved in the trade of electric power and natural gas. This industry plays a crucial role in the energy sector, facilitating the efficient distribution and supply of these essential commodities. Brokers and agents act as intermediaries, connecting producers, suppliers, and consumers to ensure a smooth flow of electricity and natural gas throughout the economy.

The primary activities within this industry involve the negotiation of contracts, the arrangement of transactions, and the provision of advisory services related to the trade of electric power and natural gas. Brokers and agents utilize their expertise in market dynamics, pricing, and regulatory frameworks to match buyers and sellers, negotiate terms, and facilitate the exchange of these energy resources.

The main inputs required for the activities of brokers and agents in the electric power and natural gas trade include a deep understanding of the energy market, strong negotiation and communication skills, and access to relevant market data and information. Brokers and agents also rely on efficient communication channels, such as telecommunications and digital platforms, to connect with clients and facilitate transactions.

The primary output of this industry is the successful facilitation of transactions for the trade of electric power and natural gas. The services provided by brokers and agents enable the efficient distribution and supply of these essential energy resources to a wide range of 35.1 Electric power generation, transmission and distribution and 35.2 Manufacture of gas; distribution of gaseous fuels through mains industries, as well as to 35.3 Steam and air conditioning supply and 36.0 Water collection, treatment and supply sectors.