Published date: 6 April 2017

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 22 July 2016

Contract summary

Industry

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

  • Other sources of energy supplies and distribution - 65400000

  • Commodity brokerage services - 66132000

    • Energy and related services - 71314000

    • Energy-management services - 71314200

Location of contract

London

Value of contract

£150,000

Procurement reference

TOWER001-DN167321-20666401

Published date

6 April 2017

Closing date

22 July 2016

Contract start date

1 September 2016

Contract end date

1 September 2017

Contract type

Service contract

Procedure type

Open procedure

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

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Contract Award for the provision of suitably qualified brokerage providers to provide an efficient and effective energy brokerage service, providing and managing the Councils energy procurement and risk strategies and a platform on which to market for the natural gas and grid electricity for the LBTH estate. The estate, consisting of various sites across the borough, comprises sites within the councils direct control (operational buildings, idea stores street lighting etc.). The Council seeks to appoint a provider the required expertise and experience to of the Energy markets to afford the Council additional flexibility and take advantage of the energy markets, purchasing when there are dips in energy prices, forward purchasing, participating in Triad periods, buyback gas contracts and hedge electricity contracts. The successful provider will be required to recommend and produce the Councils procurement risk strategies including support capability using both fundamental and technical analysis and reporting systems to deliver financial control and meet the Council's objectives for budgetary control for the initial 12 months of the framework (01/09/16 - 31/08/17) and quarterly there-after.

More information

Links

Award information

Awarded date

5 September 2016

Contract start date

6 September 2016

Contract end date

5 September 2017

Total value of contract

£8,572

This contract was awarded to 1 supplier.

The Energy Brokers

Address

Consultus House, Sheene Road, Leicester, LE4 1BF

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Andrew Shorter

Address

Mulberry Place
London
E14 2BG
United Kingdom

Telephone

+44 2073644099

Email

procurement@towerhamlets.gov.uk

Website

http://www.towerhamlets.gov.uk