An effective energy management strategy is essential for all businesses. Direct Energy VP Mike Senff recently shared insights on energy management with the restaurant industry. His tactics are valuable examples that can be applied to all businesses.
Full-service restaurant owners should not overlook one of the simplest ways they can positively affect their bottom line: managing their energy costs. By understanding where and when your restaurant consumes energy, management of this key expense can give you a competitive advantage.
When considering how to best manage energy costs, it is important to understand that each company has a unique energy usage pattern. Different offers exist to suit consumption profiles that vary over time (versus those with more predictable consumption patterns). In addition, a company’s risk tolerance can help dictate how much of its energy usage it is prepared to expose to wholesale market fluctuations, and how much it would like to lock in to certain pricing and for what period of time.