Ei Group has pledged to cut soaring energy costs for publicans by leveraging its size and scale to achieve cheaper gas and electricity prices.
The pub chain – in the process of being taken over by Stonegate Pub Company – has launched an initiative called ‘Pub Energy’ that promises to help Ei Publican Partnerships publicans reduce their utility costs at the end of their current agreements with competitive prices on gas and electricity through carefully-selected providers.
It claims there has been huge interest from publicans since it made them aware of the scheme last month, and has achieved average savings in excess of 10% per pub to date, over the duration of the contract period.
Pub Energy has partnered with energy solutions company ista, as well as regulated gas and electricity suppliers UGP and CNG, to nail down the best rates.
The scheme will constantly review contract costs available in the market place to ensure it offers the most competitive rates, Ei Group said.
The new cost-reduction scheme will give publicans access to rates to help them make informed decisions, acting as the intermediary between them and the provider.
It will also provide a single point of contact to help publicans manage their utility bills, protecting them from the complications of communicating with several brokers and providers.
Paul Harbottle, group commercial director at Ei Group, said: “Energy costs are consistently one of the largest overheads for publicans together with business rates and staffing. We are therefore constantly seeking new ways to help our publicans drive greater profitability; this involves us leading on new initiatives which will reduce costs and save time. We’ve built the Pub Energy scheme to ensure we get it just right for our publicans and pass on the entire saving.”
Mr Harbottle said the scheme would save publicans from hidden high costs as well as lost time spent speaking to several different suppliers.