A restaurant company operating 240 locations with five different “concepts” in North America, was unsure about its corporate risk tolerance and the relationship to overall corporate goals and objectives. To complicate matters, the company had a large concentration of new concepts and sites coming on within the next few months. The new brands and locations with deregulated power regions resulted in numerous different pricing options for the restaurant company.
Before partnering with Radiant Energy, the restaurant company had entered into a power market agreement that put them at risk in a volatile, interval-settled market. In the stir of weather conditions and market changes, the energy index settled extremely high, making the rising energy costs a critical issue for the Florida-based restaurant group.