Which Energy Deals Are Available To Restaurants?
Restaurants consume a lot of energy, and running costs can be very high. Business electricity deals are available to every business, and catering companies benefit from special rates.
Different energy providers offer a range of tariffs designed for commercial use. Many provide a choice of fixed prices or variable, with the latter being more suitable for businesses that have high levels of usage throughout the year.
Energy prices may also sometimes include network costs, service fees, fees for early termination, etc. It's important to check exactly what you'll be paying for and when.
Restaurants are also able to benefit from power purchase agreements (PPAs). PPAs are essentially contracts between a company and an electricity generator or supplier, with the former agreeing to buy electricity at an agreed price for a number of years. This can save catering business owners money on their energy bills as the cost of electricity is easier to predict.
Another factor that can help businesses save money is the Climate Change Levy (CCL). If businesses use under a specific amount of electricity, every day they will not be subject to the CCL.
These savings can be significant, but it's important for catering company owners to remember that if their business changes in size or use there could be implications. That's why buying power contracts should always be done with specific business plans in mind. It's always good to be flexible, but any contract should last long enough for your business plans to reach fruition.