Published date: 5 July 2018

Last edited date: 5 July 2018

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 16 July 2018

Contract summary

Industry

  • Petroleum products, fuel, electricity and other sources of energy - 09000000

Location of contract

London

Value of contract

£38,540,000

Procurement reference

prj_COL_11163

Published date

5 July 2018

Closing date

16 July 2018

Contract start date

1 October 2018

Contract end date

30 September 2021

Contract type

Supply contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The City invites Tenders for the provision of a electricity and gas supplies, across the City's Corporate, Investment Property and Housing portfolios.
The Authority require a contract to include both the Half Hourly and non-Half Hourly meters, for a 3 year period commencing on the 1.10.2018 and based on a 30 day BACs payment terms with no requirement for credit mitigation.
The settlement of the contract is to be based on a minimum +/-20 % annual volume tolerance with a 3 year fixed shape fee. The management fee should also be fixed for the contract duration.
A flexible contract is required to allow the Authority to purchase the commodity costs via OTC (over the counter) pricing through traders at Mitie Energy's Risk Management Team. Options around ability to fix / unfix, purchase at day ahead indices, and reforecast volumes will be required. The Authority have plans in the future to source electricity via third party renewable generators and require a supplier who can show experience of the ability to provide contract structures that will allow the renewable energy, and other embedded benefits to be sleeved intothe supply agreement; in addition to the Authorities requirements around Power Purchase Agreements (PPAs),they also require a supplier who can provide them with REGO (Renewable Energy Guarantee of Origin) backed renewable energy from the start of the contract, and to be able to reduce the percentage of REGOs throughout the agreement if the Authority choose to sleeve these in from a PPA at a later stage.

More information

Attachments

Additional text

This tendering exercise is being undertaken using the electronic tendering system'CapitaleSourcing' (url:www.capitalesourcing.com). Suppliers will need to register an interest on the system inorder to participate and registration is free.
The estimated values given are for the full duration of the contracts, and are based on estimated volumes at thetime of tender publication.
Please see the attached OJEU COntract notice for further information.

About the buyer

Contact name

James Carter

Address

City of London Corporation
London
EC2P 2EJ
England

Telephone

020 7332 1065

Email

james.carter@cityoflondon.gov.uk