Framework agreement for the supply of Half hourly (HH) electricity and other services under a flexib

Descriptions

The University of Lincoln, as the Contracting Authority, is putting in place a Collaborative Framework Agreementfor use by UK public sector bodies identified under https://www.gov.uk/government/organisations (and any futuresuccessors to these organisations) and all other organisations listed in Schedule 1 to the Public ContractsRegulations 2006 (as amended) under delegated authority to British Independent Utilities (BIU).It is envisaged that this framework will include a wide range of flexible power procurement options which allowfull pricing transparency; direct access to the supplier trading /optimisation desks and access toFinancial Conduct Authority (FCA) regulated advisors; flexible and electronic billing systems; customermeter reading, billing, administration and query management, including full supply point registration andadministration, objection handling and ongoing maintenance of customer contracts; transparent balancing andsettlement charges; Estimated Annual Consumption (EAC) review and the accurate application of industryregulated charges.Under delegated authority from The University of Lincoln, BIU will operate a flexible purchasing strategy wherehe wholesale energy component is predominantly sourced via the traded wholesale markets utilising bothlocks and unlocks on a forward and prompt basis. The power will be purchased and sold predominantly via thesuppliers trading/optimisation desks and may be purchased as far forward as 48 months.Under this Framework there is also the requirement to provide customers with short term fixed price contractson an interim basis to cover contract start dates that do not align with the relevant BIU HH bespoke/portfoliocontract periods. BIU (under delegated authority) will risk manage the flexible purchasing of all HH suppliesunder this Framework.