Pan Gregorian Enterprises, Inc. — a food service cooperative comprised of independent restaurant and diners in New Jersey — has teamed up with Green Crown Energy to help its members hold down energy prices through highly customized electricity and gas procurement contracts.
“There’s a long list of pricing variables that restaurant operators must contend with on a daily basis, and escalating energy costs is certainly high on that list,” said Nick Papamichael, Chief Procurement Officer at GreenCrown Energy, a full-service energy consulting company specializing in energy supply cost reduction and turnkey cogeneration systems development.
“Runaway energy costs can be a real backbreaker for any business, and restaurants and diners are no exception. That’s why we’re proud of our continuing role with Pan Gregorian Enterprises. We work with independent restaurants and diners to help them secure the best electricity and natural gas contracts available so they never get hit with hidden or unexpected fees, as many businesses have experienced in the past with other energy consulting companies.”
As an example of the type of energy cost reductions that can be negotiated on behalf of cooperative members, he cited the Arlington Diner, a Green Crown Energy client since March 2013. “We’ve realized over 15 percent savings from our PSEG supply rate,” said George Xanthos, owner of the Arlington Diner. “I’m very happy with the service and results we’re getting from Green Crown Energy. Believe me, we have enough on our plate, so it’s great being able to rely on energy consultants with the expertise and strong industry contacts who can strike the best deals on our behalf.”
Papamichael warned, however, that simply having an electricity and natural gas contract in place doesn’t mean it was a good business decision. “Many brokers say they can lower energy costs, but as too many business owners are finding out first hand, rates are just one part of a much larger picture that must be analyzed,” he said. “For example, an alarming percentage of energy consultants pay very little attention to how a customer actually uses natural gas and electricity, the terms of the agreement, their peak demands, bandwidth provisions and terminations. As a result, unfavorable contract terms can crush what they thought were considerable energy savings.”
He pointed out that independent restaurants and diners have unique needs, since they are typically open seven days a week and many are open around the clock. “As a result, they use large amounts of electricity and natural gas,” Papamichael said. “The good news is that GreenCrown Energy’s team has the ability to negotiate and aggregate prices for Pan Gregorian Enterprises’ members which can result in tremendous pricing benefits.”
Papamichael strongly encourages all businesses, not just restaurants, interested in lowering their energy costs to do their homework before bringing any energy consulting company onboard by asking the following three questions:
1. Does the energy consulting company have the expertise to properly review and interpret all existing and new agreements?
2. Can you trust them to negotiate and secure the lowest possible rates on your behalf?
3. Will any potentially favorable agreement take into account all of your specific usage and energy needs?
For a free consultation on how to lower your company’s energy bills today, including multiple forms of gas and electric procurement programs, contact an energy adviser at http://www.GreenCrownEnergy.com or call 877-308-2727.