Activities of brokers and agents for electric power and natural gas

NACE v2.1 Code: D35.40

About activities of brokers and agents for electric power and natural gas

NACE code 35.40 covers the activities of brokers and agents involved in the trade of electric power and natural gas. This industry plays a crucial role in facilitating the distribution and supply of these essential energy resources, which are fundamental to the functioning of modern economies. Brokers and agents in this sector act as intermediaries, connecting producers, suppliers, and consumers to ensure the efficient flow of electricity and natural gas across regional and national markets.

Production process

The primary activities of brokers and agents in this industry involve negotiating contracts, arranging transactions, and managing the logistics of energy commodity trading. They utilize specialized knowledge of energy markets, pricing mechanisms, and regulatory frameworks to match buyers and sellers, often leveraging advanced information systems and trading platforms to execute transactions efficiently.

Production inputs

The key inputs required for the activities of brokers and agents in the electric power and natural gas trade include a deep understanding of energy markets, strong negotiation and communication skills, access to up-to-date market data and intelligence, and robust information technology infrastructure to support trading and transaction management.

Production outputs

The primary output of this industry is the facilitation of energy commodity trading, enabling the flow of electric power and natural gas from producers to consumers. The activities of brokers and agents in this sector support the operations of a wide range of other NACE codes, including 35.11 Electric power generation, 35.21 Manufacture of gas, 35.22 Distribution of gaseous fuels through mains, and 35.23 Trade of gas through mains.

Revisions to 35.40

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 35.40. The most recent 2 versions of this code (35.40) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 35.40.

Family tree for activities of brokers and agents for electric power and natural gas

    graph LR
    A["<a href='/classifications/nace/v2-1/D'>D: ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY</a>"]
A --> B["<a href='/classifications/nace/v2-1/D/35'>35: Electricity, gas, steam and air conditioning supply</a>"]
B --> C["<a href='/classifications/nace/v2-1/D/35/4'>35.4: Activities of brokers and agents for electric power and natural gas</a>"]
C --> D["<a href='/classifications/nace/v2-1/D/35/40'>35.40: Activities of brokers and agents for electric power and natural gas</a>"]

    
    

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