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Electricity Contract Procurement and Renewals

Meeting: 12/07/2022 - Cabinet (Item 16.)

16. Electricity Contract Procurement and Renewals pdf icon PDF 570 KB

Additional documents:

Decision:

That Cabinet:

1. Noted the urgent key decision taken by the Executive Director Growth and Regeneration on 27th May 2022 to extend the half hourly electricity supply contract to cover the transition to new arrangement by two months at a cost of £1M.

2. Noted the proposed use of a Public Sector Buying Organisation framework product for sleeving as approved by Cabinet in February 2021.

3. Authorised the Executive Director for Growth and Regeneration, in consultation with the Cabinet member for Climate, Ecology, Waste and Energy, and noting that the City Leap Board is to be consulted on all key decisions/arrangements that have a bearing on the City Leap contract, to take all steps required to develop and implement the framework sleeving product at an estimated net cost (after revenue from export sales) of up to £2.6M for 14 months.

4. Authorised the Executive Director for Growth and Regeneration, in consultation with the Cabinet Member for Climate, Ecology, Waste and Energy, and with the Director Finance, to extend current supply contracts as necessary (including individual contract extensions over £500k) to allow sufficient time for the introduction of a sleeving product, or to implement alternative supply arrangements (which may be over £500k) should the proposed sleeving mechanism not be available in time or prove to be not viable (subject to funding).