To purchase and take delivery 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. The contract term is 4years and the estimated contract value £71.2m.
Decision type: Key
Reason Key: Both: Significant impact and significant expenditure/savings;
Decision status: For Determination
Wards affected: (All Wards);
Notice of proposed decision first published: 18/10/2023
Anticipated restriction: Part exempt - View reasons
Decision due: Not before 16th Nov 2023 by Cabinet Member for Finance and Council Reform
Lead director: Executive Director of Finances and Resources
Department: Finance and Resources
Contact: Claire Barrett, Director of Property and Strategic Asset Management Email: cbarrett@westminster.gov.uk.