Consumers are bracing for their power bills to rise in October when the energy price cap – the maximum amount suppliers can charge customers in England, Scotland and Wales – is scheduled to go up.
Many people are expected to face “fuel poverty” – when a household has to spend a high proportion of its income on energy bills, leaving them unable to cover the increase in bills let alone have enough cash left over to splurge on non-essentials such as travel and dining out.
No doubt this situation places an even bigger burden on the hospitality sector. Come October, market conditions will undoubtedly change, and not for the better. How prepared are you? There are things you should be doing now to minimise current expenditures and the impact of higher energy prices including:
- Menu audits
- Portion sizes
- Protein substitutes
- Maintain gross margins
- Supplier audits
- Benchmarking and price comparisons
- Range rationalisation
- Alternative energy solutions
- Outsourcing versus inhouse allocation
Enhance can help with all of the above. The first step is to contact us or email Andy Morris for a free consultation. Based on your specific needs, our team willdevelop a bespoke solution that will provide relief and value.