Award

Electricity (HH and NHH) Fixed Price, Fixed Term

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Award

17 Oct 2018 at 09:15

Award Notice
Summary of the contracting process

The City of London Corporation has awarded a contract for "Electricity (HH and NHH) Fixed Price, Fixed Term" within the energy industry sector, specifically related to electricity supply. This procurement process, categorized under the CPV code for petroleum products, fuel, electricity and other energy sources, was completed on 9th August 2018, following an open procurement method. The contract spans from 1st October 2018 to 30th September 2020 and is valued at £6,120,344. Bids for this tender were accepted until 16th July 2018, with the contract aimed at securing renewable energy sources at a fixed price for the duration of the agreement.

This tender presents a significant opportunity for businesses involved in energy supply, particularly those specialising in renewable energy sources and capable of offering competitive pricing without the need for credit mitigation. Companies providing energy solutions with the ability to meet the specifications of a fixed-price, fixed-term contract will find this a viable project to enhance their market presence. Suppliers who can ensure compliance with the specified volume tolerances and deliver energy sourced from REGO-backed systems will be particularly well-positioned to compete effectively.

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Notice Information

Notice Title

Electricity (HH and NHH) Fixed Price, Fixed Term

Notice Description

The Authority require a fixed price, fixed term contract which includes all non-commodity costs and which protects against increases in non-commodity costs across the contract duration. The requirement is for a 2 year contract based on 28 day BACs payment term and no requirements for any credit mitigation. The contract is to include, as minimum, a +/-20 % annual volume tolerance. The Authority require a supplier who can provide REGO (Renewable Energy Guarantee of Origin) backed renewable energy for the whole portfolio at a fixed price for the contract duration and for the cost to be included within the offered unit rates. Additional information: Total contract values given are for the full contract period, and are based upon estimated costs and volume at the time of contract award, which may be subject to change during the life of the contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2dbba068-3fc2-49d3-b579-8fd03157848a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3ebb43f3-b66a-4594-a25c-5b8a804b8d02
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

09 - Petroleum products, fuel, electricity and other sources of energy

CPV Codes

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

Notice Value(s)

Tender Value
£6,120,344 £1M-£10M
Lots Value
Not specified
Awards Value
£6,120,344 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Oct 20187 years ago
Submission Deadline
16 Jul 2018Expired
Future Notice Date
Not specified
Award Date
8 Aug 20187 years ago
Contract Period
30 Sep 2018 - 30 Sep 2020 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CITY OF LONDON CORPORATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

TOTAL GAS AND POWER

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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