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Decision details

Purchase of communal gas and electricity 2016/17

Decision Maker: Cabinet Member for Housing, Regeneration, Business and Economic Development

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Cabinet Member report on the purchase of communal gas and electricity 2016/17

Decision:

That the Cabinet Member for Housing, Regeneration, Business and Economic Development delegated authority to CityWest Home’s Chief Executive to accept offers for gas and electricity on the day they are issued by suppliers, to enable the City Council to enter into one or more contracts per annum for communal electricity and gas supplies over the next 4 years.

 

Reasons for Decision

 

1.         Energy suppliers only quote electricity and gas prices for acceptance on the day. They operate this way to minimise their risks in a volatile market. Normal routines for accepting tenders are therefore incompatible with market practice.

 

2.         Delegating authority to CityWest Home’s Chief Executive will therefore enable acceptance of electricity and gas tariffs to secure lowest prices without quotations lapsing.

 

Publication date: 15/09/2016

Date of decision: 15/09/2016