1415-873 Natural Gas, 100kw and Sub 100kw Electricity.

Descriptions

The Council procures and manages the supply of Natural Gas and Electricity through flexible agreements, enabling the Council the flexibility to fix the duration of contracts and the volume of gas and electricity purchases, based on market conditions. The current purchasing strategy is based on flexible, aggregated (with external clients), risk-managed procurement, purchasing tranches of gas and power on dips in the market and against set trigger prices to ensure budget certainty. A flexible strategy of buying over a four year period, with some purchases made near to delivery and some further away, helps to mitigate any sharp increases in market prices. The contracts currently in place are due to expire on 31.3.2016. This procurement is for a 4 year contract with preferred supplier(s) to supply Natural Gas and/or electricity to replace the current flexible agreement.