Planning

Purchase of UK Allowances (UKA's) in accordance with the UK Emissions Trading Scheme

UNIVERSITY OF STRATHCLYDE

This public procurement record has 1 release in its history.

Planning

12 Nov 2021 at 00:00

OJEU - F1 - Prior Information Notice
Summary of the contracting process

The University of Strathclyde is initiating a procurement process for the "Purchase of UK Allowances (UKA's)" in line with the UK Emissions Trading Scheme. This process, currently at the planning stage, aims to gather information on market interest to establish a contract for services related to the trading of approximately 20,000 UKAs. The key date for expressing interest is set for 22nd November 2021, at noon. The procurement falls under the services category and holds a budget of £4,000,000. Located in Glasgow, Scotland, the University operates within the education sector.

This tender presents significant opportunities for businesses in the environmental services and trading sectors, specifically those with expertise in carbon trading, market intelligence, and hedging strategies. Companies that can demonstrate the ability to meet the procurement requirements and engage in the trading of UKAs will be well-suited to compete for this contract. Interested businesses should ensure they register their interest before the deadline to be considered for further market engagement by the University.

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Notice Information

Notice Title

Purchase of UK Allowances (UKA's) in accordance with the UK Emissions Trading Scheme

Notice Description

The University of Strathclyde is currently undertaking a market scoping exercise, under Regulation 41 of the Public Contracts (Scotland) Regulations 2015, to understand levels of interest in working with the University to establish a contract for services relating to the trading of UKAs and relevant market intelligence in relation to the UK Emissions Trading Scheme. The University of Strathclyde is an Operator of a stationary installation within the UK-ETS and has a requirement to purchase approximately 20,000 UKAs. The University has received no free allowances in the 2021 to 2025 allocation period.

Lot Information

Lot 1

This Contract will include, but will not be limited to: - Purchases of allowances at auctions on behalf of the University. - Incorporating a hedging strategy on behalf of the university to limit exposure to high prices of allowances. - Holding and transfer of allowances from an authorised UK-ETS trading registry account to the University's Operator Holding Account (OHA). - Providing market insights and intelligence and price forecasts at agreed intervals at no extra cost to the University. - Running market orders.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000673669
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV432920
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
OJEU - F1 - Prior Information Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

71314000 - Energy and related services

71314200 - Energy-management services

71314300 - Energy-efficiency consultancy services

79223000 - Custom broker services

Notice Value(s)

Tender Value
£4,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Nov 20214 years ago
Submission Deadline
Not specified
Future Notice Date
6 Dec 2021Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF STRATHCLYDE
Contact Name
Laura Shaw
Contact Email
laura.shaw@strath.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
GLASGOW
Postcode
G1 1QE
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV432920
    Purchase of UK Allowances (UKA's) in accordance with the UK Emissions Trading Scheme - The University of Strathclyde is currently undertaking a market scoping exercise, under Regulation 41 of the Public Contracts (Scotland) Regulations 2015, to understand levels of interest in working with the University to establish a contract for services relating to the trading of UKAs and relevant market intelligence in relation to the UK Emissions Trading Scheme. The University of Strathclyde is an Operator of a stationary installation within the UK-ETS and has a requirement to purchase approximately 20,000 UKAs. The University has received no free allowances in the 2021 to 2025 allocation period.

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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