Since the recession started, bars, restaurants and hotels were seen as high risk businesses to energy suppliers and many have found suppliers requesting financial deposits from them to be accepted as a customer or at contract negation stage.
There has been a softening of this approach in the last couple of years and many in the hospitality sector have been able to change supplier or agree better terms with their existing supplier without deposits needing to be paid.
P2B felt the time was right to bring a large group of businesses in the hospitality sector together to negotiate better rates than they are currently paying, as suppliers should now see this sector as secure and attractive customers.
The group grew to contain over 60 businesses and the estimated annual savings of the whole group was over £55,000, giving an average saving per business of over £900 over the year. The buying power of many helped to secure better rates for all group members.