Energetik Strategic Review - Update
June 24, 2026 Cabinet (Cabinet collective) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Cabinet agreed to note progress on the Energetik Strategic Review and approved in principle a full sale of Energetik supported by a Golden Share arrangement. This decision was made on 24 June 2026.
Full council record
Purpose
To update the Energetik commerical strategy
Decision
The Cabinet agreed to:
I. Note the progress made on the Energetik Strategic Review and agree, in principle and subject to the outcome of market testing, engagement with lenders and completion of the Council’s commercial and legal due diligence, that the preferred option is a full sale of Energetik supported by a Golden Share arrangement.
II. Note the progress made on the Energetik Strategic Review and agree, in principle and subject to the outcome of market testing, engagement with lenders and completion of the Council’s commercial and legal due diligence, that the preferred option is a full sale of Energetik supported by a Golden Share arrangement.
Related Meeting
Cabinet - Wednesday, 24th June, 2026 7.00 pm on June 24, 2026
Supporting Documents
Details
| Reference | Call-ins0 |
| Outcome | Recommendations Approved |
| Decision date | 24 Jun 2026 |
| Effective from | 4 Jul 2026 |
| Lead officer | Abigail Ellis, Katie Martell |
| Subject to call-in | Yes |