Broker Online Exchange Helps Energy Brokers & Customers Suffering Following Supplier Drops & Bankruptcies

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Broker Online Exchange (BOX) has stepped up and taken on both new brokers and customers as a result of the recent supplier bankruptcies and drops.

Despite continued uncertainty in the energy sector, Broker Online Exchange (BOX) has stepped up and taken on both new brokers and customers as a result of the recent bankruptcies and drops (i.e. Josco, SunSea, Starion, Smart One, Brilliant Energy).

Unfortunately, the energy sector is still being hit hard with the lasting effects of the unprecedented winter storm that hit the Central United States in February 2021. This storm brought extreme cold temperatures, caused a surge in power demand as well as power generation disruptions. Additionally, power and ancillary costs in the Electric Reliability Council of Texas ('ERCOT') service area reached or exceeded the maximum allowed clearing prices.

As expected, following the storm the market has seen market defaults, customers facing high energy bills and being moved to market providers they did not choose, as well as significant financial losses to market participants far past the first quarter 2021.

Despite continued uncertainty in the energy sector, Broker Online Exchange (BOX) has stepped up and taken on both new brokers and customers as a result of the recent bankruptcies and drops (i.e. Josco, SunSea, Starion, Smart One, Brilliant Energy). Through our vast array of industry relationships and deep financial backing, we have implemented and continue to offer creative solutions to help market participants in this time of continued crisis.

Broker Online Exchange remains ready and able to help move and contract customers for any suppliers that need their services. If you are a market participant and could benefit from the resources BOX has to offer, please reach out to Benji Coomer at 817-907-8191.

https://www.linkedin.com/company/broker-online-exchange

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Benji Coomer
@BrokerInABOX
since: 07/2015
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