EVENT SPACES & CASINOS

"5 is a true energy advisor and they helped us in more ways that a traditional broker could. They are a trusted partner and the service they provide extends beyond anything we have previously experienced."
- Tom Meehan, General Manager, Irving Convention Center

EventSpaces

Energy advice and strategy for event spaces and casinos

Casinos and event spaces can have very different consumption patterns. A casino may operate around the clock, while a venue’s energy needs change with bookings, setup, and event production. Properties that combine gaming, lodging, dining, and entertainment need to account for several operating schedules.

5 reviews your usage, utility charges, and contracts to recommend purchasing strategies and prepare budgets. We also help assess demand management and backup power options within your facility’s operating requirements.

How we help

  • Energy purchasing: Evaluate electricity and natural gas contract options based on consumption patterns, operating schedules, and expected activity.

  • Pricing and risk: Compare fixed, index, and managed purchasing structures based on your budget priorities and tolerance for market price changes.

  • Utility rates and demand costs: Review charges and rate classifications and assess opportunities to manage peak demand.

  • Demand response: Evaluate program requirements and whether your facility can adjust electricity use or operate eligible generation when called upon.

  • Reliability planning: Assess backup generation, battery storage, and other resiliency options, including project costs and vendor proposals.

  • Budgeting and usage analysis: Prepare energy budgets and review consumption patterns to identify changes or unusual usage that warrant investigation.