--- title: "Supply of Electricity and Gas" ocid: "ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070.json" source: "Contracts Finder" current_stage: "Tender" buyer: "CITY OF LONDON CORPORATION" published: "2018-07-05" --- # Supply of Electricity and Gas Buyer: CITY OF LONDON CORPORATION Current stage: Tender OCID: ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070.json) ## Summary 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. ## Notice 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/70273b72-36fa-4654-a735-edac04a38a25 | | 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 | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 5 Jul 2018 | | Submission deadline | 16 Jul 2018 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 30 Sep 2018 - 30 Sep 2021 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £38,540,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | CITY OF LONDON CORPORATION | | Locality | LONDON | | Post town | Central London | | Postcode | EC2P 2EJ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI43 Haringey and Islington | | Local authority | Islington | | Electoral ward | Clerkenwell | | Westminster constituency | Islington South and Finsbury | | Delivery location | TLI London | ## CPV Codes ### Divisions - 09 - Petroleum products, fuel, electricity and other sources of energy ### Codes - 09000000 - Petroleum products, fuel, electricity and other sources of energy ## Release History - 5 Jul 2018 at 08:55 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/70273b72-36fa-4654-a735-edac04a38a25 - 14 Jun 2018 at 17:27 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/70273b72-36fa-4654-a735-edac04a38a25 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/70273b72-36fa-4654-a735-edac04a38a25 5th July 2018 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/ae91f410-e9d9-4595-8b6a-b1e55e022782 OJEU Notice - https://www.contractsfinder.service.gov.uk/Notice/Attachment/a6dfdcb3-436b-45b9-995d-f36453ad1706 OJEU notice addendum ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-bcf1c39a-47f6-49be-a8eb-b5881a2fa070.json.