Purpose

Our incumbent LASER energy, currently procures
energy for over 200 public bodies in the UK, collectively
purchasing over £1.5 billion of gas, electricity, and water
in 2022 on behalf of 8,500 end users. 
LASER have offered the Council an opportunity to join its flexible
pricing framework, as long as the Council enter into contracts with
LASER before the end of June.  
 
If the Council does not contract with LASER
there are limited procurement options available due to time taken
to switch suppliers.  It is likely that
the Council will see costs rise and be exposed to volatility on the
energy markets when trying to procure energy at spot
rates. 
 

Content

1.      
Award a contract for the supply of Electricity to
the Council via the LASER consortium, for a two-year contract with
the option to extend for one further year, worth up to
£9,000,000 in total for 3 years. This will be to the top
ranked supplier on the Electricity framework –
Npower.
 
2.      
Award of a contract for the supply of Gas to the
Council via the LASER consortium, for a two-year contract with the
option to extend for one further year, worth up to £2,655,000
in total for three years. This will be to the top ranked supplier
on the Gas framework – Total Energies.
 
3.      
Delegate authority to the Strategic Director of
Place to enter into contractual arrangements on behalf of the
Council, in consultation with the Legal Services
Manager.
 
4.      
The prices above are consistent with the prices we
currently pay and have been budgeted for. There will therefore be
no impact on the current budget expectation.