Issue - decisions

1.        That the Cabinet Member for Housing Services delegated authority to the Executive Director of Growth, Planning and Housing 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 for communal electricity and gas supplies for 6 months from 1^st October 2020.

2.        That the Cabinet Member for Housing Services delegated authority to the Executive Director of Growth, Planning and Housing 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 for communal electricity and gas supplies for 6 months from 1^st October 2020.

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

2.        Delegating authority to the Executive Director of Growth, Planning and Housing will therefore enable acceptance of electricity and gas tariffs to secure lowest prices without quotations from suppliers lapsing.