If the restaurant is large enough, and monthly energy expenses are high enough ($5,000/month), we can often help restaurant clients in regulated markets as well. In those markets, we can look at energy supply agreements for almost any size restaurant or group.
In our experience, we find the best energy savings for restaurants in deregulated energy markets.
#Restaurant monthly expenses install#
There won’t be any recommendations of technologies or products you should install in order to reduce energy consumption.
The goal with any energy billing audit is to find you financial savings without any additional investment. Our expertise also allows us to analyze and understand your energy tariffs in order to find other opportunities for savings. During an audit, we will take a close look at a restaurant’s invoices to uncover a variety of different errors and overcharges that typically go unnoticed by the average customer. To find savings within their energy invoices and contracts, restaurants can work through a detailed energy billing audit led by an experienced team of auditors.Īt P3 Cost Analysts, our experts focus on this type of energy audit. For this reason, the information below will mostly focus on the benefits and details of an energy billing audit.Įnergy billing audits don’t require capital expenditure, whereas the solutions recommended during consumption-based energy audits typically involve extra investment by the restaurant. Two different types of restaurant energy audits exist-energy billing audits and consumption-based energy audits.ĭue to the thin margins that restaurants operate on, they’re likely looking for solutions that help them reduce costs without needing to invest more capital. Furthermore, depending on the climate and location of a restaurant, 69%–81% of their energy usage comes from cooking, water heating, refrigeration, and lighting. Typically, these figures equate to restaurants spending roughly 3%–5% of their annual operating costs on energy. Though the average electric bill will vary depending on the size of the restaurant, its consumption practices, and the ratio of electricity to natural gas, these numbers give us a good estimate to work from.
Energy Information Administration (EIA), restaurants in America spend an average of $2.90 per square foot on electricity and $0.19 per square foot on natural gas annually.īased on these numbers, the estimated annual energy costs for a mid-sized, 3,000 square foot restaurant might be around $9,270. Average Restaurant Electricity CostsĪccording to data from the U.S. While our most successful cost reduction categories for restaurant clients are waste and recycling and uniform and linen, in this article, we will take a look at average restaurant energy costs, the difference between energy billing audits and energy consumption audits, and why an energy audit can bring savings to restaurants. Luckily, restaurants can boost their bottom line and uncover savings on electricity costs by conducting an energy audit. Furthermore, since many restaurants already run on thin margins, it serves them well to find ways to reduce spending in this cost category. Between lighting, HVAC, water heating, and powering kitchen equipment, electricity costs can add up quickly for restaurants.
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