Industry
Hospitality
Energy Procurement
- Estimated annual electricity costs = $120,000
- Reclassified multiple sites from SME to C&I
- Post procurement estimated annual electricity costs =$80,500
- SAVINGS p.a = $39,500
The Consortium QLD
The Consortium QLD is an innovative group of restaurants in Manly, Queensland ranging from fine dining to fresh fish’n’chips.
The group operates 4 venues on 4 separate electricity accounts and
The challenge
The group operates 4 venues on 4 separate electricity accounts and as such management of these accounts is time consuming and confusing.
Like most other businesses the owner was seeing their costs rising with no immediate relief in site.
In addition, each of the venues sits within a leased premise, so adding solar power to reduce consumption was not an option.
Identifying Opportunities
The team at Spinifex Energy quickly realised there were hidden opportunities to aggregate the loads on all 4 sites to improve the situation in 2 key metrics:
- With the loads aggregated the client has a better position to negotiate with Retailers to obtain the best possible energy rates;
- Some of the sites were above the minimum threshold to move the sites from SME to C&I billing structures further adding to the significant reduction in annual costs.
The results
- We reduced The Consortium QLD’s annual energy expenses by nearly $40,000.
- We aggregated the entire portfolio of venues into a single contract to improve negotiating power and uniformity across bills.
- We locked in long-term rates to take advantage of a trough in wholesale energy prices.
- A very happy client leaving us kind reviews.
