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Hospitality Business Energy

Energy can be a substantial outgoing for restaurants and the cost of both gas and electricity on the rise, it is important now more than ever to thoroughly investigate how to reduce energy expenditure. Firstly, the best way to start is by finding out where most of your electricity is being consumed. Many energy suppliers provide free smart energy monitors for free, If not, there are many at extremely competitive prices online. This can then be used as a reference point once your energy efficiency scheme has commenced. Once you have gained information on your current energy consumption, you can start implementing ways to reduce your energy. Set an achievable goal and share it with your staff. By getting them involved with the process you can work together as a team to reach targets, also, they may provide you with valuable ideas of how his can be reached.

Restaurants and Pubs use more energy than you think, so it’s important to reduce it as much as possible.

Areas to look at…

Lighting is a great place to start as it is responsible for a large amount of energy consumption, therefore, it is a good idea to replace any inefficient lighting. Replacing older systems with LEDs can be a good way to reduce energy consumption along with lowering maintenance costs.Look at other sources that are being used, fridges and cookers are both high energy users. Upgrading to newer models that use less energy to run may be a large initial cost to the business, but you will see the difference in your consumption and in time it is likely they will pay for themselves in the amount you have saved in energy.Once this is underway, it is time to look at those business energy bills. Combining energy saving with lower energy bills could reduce your energy outgoings significantly. If you are entered into a agreement that is not competitive you could be paying well above market average for your electricity and/or gas.

 

Top 3 tips to get the best energy deal

1.

Check your contract end date

Around six months before your contract end date you should start thinking about your options. You may be signed to an energy contract for two to three years however if no action is taken you could enter variable contract rates – notoriously the most expensive tariffs energy suppliers offer.

2.

Check your renewal prices!

Renewal prices may be more expensive than your current rate. Restaurants use a large amount of energy so investigate other energy providers to try and get a lower rate on your energy.

3.

Have you been overcharged?

Nearly four million energy consumers have been overcharged by their energy suppliers in the last year due to billing errors. The research has identified that errors have cost consumers £270 million – an average of £72 per person affected. Many consumers aren’t realising when they are being overcharged; it was recently found that 60% of consumers don’t understand their energy bills. The largest attribute for the errors was down to the wrong tariff or product details being applied (36 per cent). Other mistakes included an incorrect fee being applied (31 per cent), charged twice for the same product (21 per cent) and the bill didn’t correctly add up (19 per cent).

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How can we help you

At Utility Bidder, we like to help our clients save money on their energy bills in more than one way, we don’t just secure cheap utility contracts and send you on your way. We’re gathering tips from industry experts to help you lower your energy bills by becoming more energy efficient. Therefore, we have listed some tips at the links below.

7 quick tips to save energy – Read Here

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  • Frequently Asked Hospitality Business Questions

How can I save money on my business gas?

Simply reducing usage is a good place to start however, if you are paying high rates then this does counteract all that hard work. The business gas market is highly competitive and there are some fantastic rates out there to take advantage of, you just need to get quotes in from the countless amounts of gas suppliers. Or you could ask us to get in immediate pricing form 27 plus suppliers so you know who is offering the most competitive pricing.

How do I know if I’m on the correct tariff?

Some customers aren’t on the correct tariff for their consumption, this effects small and large businesses. We can look in to bill and usage history to determine what the best tariff is for you.