Restaurant Visits Hit 6 Year High
July 29, 2015
Restaurant Visits Up
It appears that restaurant owners across the country can finally breathe a sigh of relief. According to evidence collected today from the NPD Group, the restaurant industry has put the economic slump in their past.
In the interval between May 2014 and May 2015, restaurant traffic hit a six year high. In tandem, restaurant owners are finding that their customers are signing more expensive checks, resulting in a 3-percent increase in consumer spending at restaurants and food service outlets.
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A Beginner's Guide To RECs
The PJM Interconnection serves the Mid-Atlantic, as well as parts of the Midwest and Southern U.S.
As businesses start the budgeting process for 2025, electricity supply costs across the PJM Interconnection region are rising, driven largely by an increase in capacity charges. Capacity charges, which ensure enough power is available during peak demand, have seen a sharp uptick, leading to higher rates, especially in the DC and Maryland areas. Both residential and commercial customers are facing these increases, with supply prices potentially rising by as much as 20%, significantly impacting operational costs. However, there is still time to mitigate the coming increase in supply rates. From simple energy efficiency upgrades, such as LED lighting or smart thermostats, to longer-term projects like solar panel installations and power walls, businesses have a range of options to reduce their energy consumption and control costs. These strategies can offer significant savings over time and position companies for more sustainable energy use. We encourage you to talk with business owners and decision-makers in your network about these rising costs. This is a great time to introduce them to Electric Advisors, where we can help them navigate these changes and find ways to reduce their energy expenses. Your referrals can play a crucial role in helping those in your network become more competitive. Best,
