Power Brokers president Steve Hardy said: "Unlike consumers and large businesses, small and medium-sized businesses in markets with a choice of energy suppliers have not had access to technology and services that make it easy to compare products across available energy suppliers.

"In partnership with EnergyWize, our new energy exchange will allow Power Brokers to help its customers easily and quickly pinpoint the best energy supplier and product for their needs.

"Once a supplier selection is made, our customers are then able to efficiently execute electronic contracts with energy suppliers. We are confident that this energy exchange will provide our customers with the easiest and most convenient way to identify and select the best available market value."

The exchange eliminates many of the traditional price quoting and energy contracting inefficiencies through systems integration with leading energy suppliers and automation of data management functions such as historical energy data retrieval.

Using powerful and flexible supplier comparison tools, Power Brokers energy professionals are able to quickly identify and compare the best product options for each customer. The result is a more efficient market whereby suppliers have lower customer acquisition costs and buyers have a streamlined energy purchasing process with more product options and lower prices.

EnergyWize partner Wes Matthews said: "Power Brokers is a recognized industry leader in providing energy procurement services to businesses across the country and we are excited to be their partner in delivering this new energy exchange to the market.

"The technology and tools available in the exchange are the result of millions of dollars of investment and nearly a decade of hard work by EnergyWize and its affiliates to improve the energy purchasing process for businesses across the country."