Award

Commodity Broker services

WYRE COUNCIL

This public procurement record has 2 releases in its history.

TenderUpdate

18 Aug 2022 at 08:45

Award

15 Aug 2022 at 14:21

Summary of the contracting process

The Wyre Council recently completed a tender process for Commodity Broker services related to the supply of electricity to council-owned buildings. The procurement stage was a limited award procedure without prior publication of a call for competition. The tender was part of the services main procurement category and was classified under CPV code 66132000. The tender was initiated on August 18, 2022, and the tender title was "Commodity Broker services". Wyre Council, based in Poulton-le-Fylde, United Kingdom, was the buying organisation. The key deadline for this tender was signaled on August 15, 2022.

This recent tender from Wyre Council offers business growth opportunities for companies specialising in commodity brokerage services within the energy sector. Businesses involved in providing fixed price energy tariffs and risk mitigation strategies would find this tender well-suited for competition. The successful award for this tender was granted to The Green Energy Advice Bureau Ltd. The awarded contract, with a value of £217,168.31, was signed on April 6, 2022. This tender presents opportunities for SMEs operating in the energy brokerage industry to engage with regional authorities such as Wyre Council in the United Kingdom.

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Notice Title

Commodity Broker services

Notice Description

Commodity brokerage services relating to the supply of electricity to council owned buildings.

Lot Information

Lot 1

Commodity brokerage services relating to the supply of electricity to council owned buildings.

Procurement Information

The procurement officer approached a number of energy brokers with regards to a fixed price for electricity commencing from the end of the current contract. At the time owing to the volatility in the energy market, the brokers approached were not able to offer fixed prices and advised that these would not be available until nearer the end of the current contract. One broker did come forward with a fixed price energy tariff for the supply of electricity for fixed terms that guaranteed the unit rates and standing charges protecting the authority from future price rises. This offer was time constrained due to the volatility of the energy market at this current time and therefore only available for a limited period.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-035bdd
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/022920-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66132000 - Commodity brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£217,168 £100K-£500K

Notice Dates

Publication Date
18 Aug 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
5 Apr 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
WYRE COUNCIL
Contact Name
Mary Grimshaw
Contact Email
mary.grimshaw@wyre.gov.uk
Contact Phone
+44 1253887214

Buyer Location

Locality
POULTON-LE-FYLDE
Postcode
FY6 7PU
Post Town
Blackpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD44 Lancaster and Wyre
Delivery Location
TLD North West (England)

Local Authority
Wyre
Electoral Ward
Breck
Westminster Constituency
Fylde

Supplier Information

Number of Suppliers
1
Supplier Name

THE GREEN ENERGY ADVICE BUREAU

Further Information

Notice URLs

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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