Retrofit Credits Service

Descriptions

London Borough of Hammersmith and Fulham Council (the “Council”) is publishing this Preliminary Market Engagement (PME) notice to understand whether there are any organisations in the market, capable of supplying the Council with a “retrofit credits” service: a type of carbon credit for retrofitting social homes. This service would provide the Council with a source of income from selling retrofit credits to buyers of carbon credits. Background The Council manages around 17,000 homes and has a target for the borough and the assets under the Council’s control to achieve net zero. This requires retrofitting these homes with energy efficiency measures and low-carbon heating at scale; a mission not fully covered by existing council budgets or government grant funding. The Council therefore wishes to understand what alternative sources of funding may be available. This PME seeks responses from suppliers of “retrofit credits”, a form of carbon credit, to understand how well developed the market for these is. Outline of the Service Being Sought The service would aim to unlock investment in social housing retrofit projects by verifying emission reductions and social value from these projects and creating carbon credits backed by these reductions to be sold to investors. This service would enable the Council to access funding for retrofit activities that improve energy efficiency and reduce carbon emissions, whilst also generating social value for residents and communities. This Preliminary Market Engagement (PME) notice is being used to enable the Council to understand key details from the market. It is intended that the outcome of this PME will be used to further inform the Council's procurement, service, and contract model, but the Council is under no obligation to any potential Supplier and/or makes no guarantees to any party, resulting from feedback received to this PME. If your organisation is interested in this opportunity and believe they could provide the requirement to the Council, in line with the Scope set out above, please confirm your interest to procurement@lbhf.gov.uk by no later than the Engagement Deadline in this notice. Any potential Supplier interested in the Council’s procurement opportunities must register on the eProcurement portal, by visiting https://www.capitalesourcing.com/web/login.shtml This PME must not be considered as confirmation by the Council that any future procurement opportunity will be forthcoming as a result of any activity undertaken as part of the Council’s PME. The Council does not bind itself to running a procurement, or awarding any resultant contract, following the conclusion of this PME. In accordance with the requirements of the Procurement Act 2023, the Council is committed to conducting this PME in such a way that it does not put a supplier at an unfair advantage or disadvantage. The Council will not adopt any technical advice in the preparation of any procurement activity from anyone where this may prejudice this requirement or otherwise distort competition.