To purchase and take delivery of a further 3 years of electricity and gas services from framework supplier/s. Services to be provided using framework agreement with the supplier/s which regulates, the aggregation of the customer portfolio, the forward purchasing of electricity and gas for the aggregated customer portfolio, the locking and unlocking of wholesale electricity and gas prices,related hedging activities and the scheduling of supply of electricity and gas to customers. Theestimated contract value of the additional 3 years is £53.4m.
Decision type: Key
Reason Key: Significant expenditure/savings;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 12/07/2024
Anticipated restriction: Part exempt - View reasons
Decision due: Not before 12th Aug 2024 by Cabinet Member for Finance and Council Reform
Lead member: Cabinet Member for Finance and Council Reform
Lead director: Executive Director of Finance and Resources
Department: Finance and Resources
Contact: Claire Nangle, Head of Capital Programmes Email: cnangle@westminster.gov.uk.