Tender

Supply of Electricity and Gas

CITY OF LONDON CORPORATION

This public procurement record has 2 releases in its history.

TenderAmendment

05 Jul 2018 at 08:55

Tender Notice
Tender

14 Jun 2018 at 17:27

Tender Notice
Summary of the contracting process

The City of London Corporation is seeking tenders for the "Supply of Electricity and Gas" across its Corporate, Investment Property, and Housing portfolios. This procurement falls under the goods category and has an estimated value of £38,540,000. The tender period is currently open and will close on 16th July 2018. The contract duration is set to begin on 1st October 2018 and will last for three years, concluding on 30th September 2021. The procurement process is being conducted as an open procedure, allowing all eligible suppliers to participate.

This tender presents significant opportunities for companies in the energy supply sector, particularly those experienced in providing flexible electricity and gas contracts, including renewable energy solutions. Businesses with capabilities in over-the-counter pricing, Power Purchase Agreements (PPAs), and Renewable Energy Guarantees of Origin (REGOs) are particularly well-suited to compete. The requirement for a supplier who can accommodate future renewable energy sourcing offers an avenue for growth, enabling potential suppliers to showcase their innovative energy solutions and sustainability practices.

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Notice Information

Notice Title

Supply of Electricity and Gas

Notice Description

The City invites Tenders for the provision of a electricity and gas supplies, across the City's Corporate, Investment Property and Housing portfolios. The Authority require a contract to include both the Half Hourly and non-Half Hourly meters, for a 3 year period commencing on the 1.10.2018 and based on a 30 day BACs payment terms with no requirement for credit mitigation. The settlement of the contract is to be based on a minimum +/-20 % annual volume tolerance with a 3 year fixed shape fee. The management fee should also be fixed for the contract duration. A flexible contract is required to allow the Authority to purchase the commodity costs via OTC (over the counter) pricing through traders at Mitie Energy's Risk Management Team. Options around ability to fix / unfix, purchase at day ahead indices, and reforecast volumes will be required. The Authority have plans in the future to source electricity via third party renewable generators and require a supplier who can show experience of the ability to provide contract structures that will allow the renewable energy, and other embedded benefits to be sleeved intothe supply agreement; in addition to the Authorities requirements around Power Purchase Agreements (PPAs),they also require a supplier who can provide them with REGO (Renewable Energy Guarantee of Origin) backed renewable energy from the start of the contract, and to be able to reduce the percentage of REGOs throughout the agreement if the Authority choose to sleeve these in from a PPA at a later stage. Additional information: This tendering exercise is being undertaken using the electronic tendering system'CapitaleSourcing' (url:www.capitalesourcing.com). Suppliers will need to register an interest on the system inorder to participate and registration is free. The estimated values given are for the full duration of the contracts, and are based on estimated volumes at thetime of tender publication. Please see the attached OJEU COntract notice for further information.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/70273b72-36fa-4654-a735-edac04a38a25
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

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
£38,540,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
5 Jul 20187 years ago
Submission Deadline
16 Jul 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Sep 2018 - 30 Sep 2021 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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

Further Information

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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