Purpose

Cabinet will be asked to approve the award of
the Energy Contract for 2024-2028

Decision

Cabinet;
 

1.    
Approved entering into an access agreement with Kent County Council,
trading as LASER, so the Council can access framework agreements
for Electricity (Flex 2024-2028, Framework Number: Y22009) and Gas
(Flex 2024-2028 Framework Number: Y22008).
 

2.    
Approved the
award of an electricity supply contract under LASER framework
agreement Y22009, to Npower Commercial Gas Limited (Company number
03768856) (Npower), for the period of four years commencing on 1
April 2025 and expiring on 31 March 2029, with an estimated value
of £14m) and with one year’s extension option with an
estimated value of £17.5m.
 

3.    
Approved the
award of a gas supply contract under LASER framework agreement
Y22008 to Corona Energy Retail 4 Ltd (Company number 02798334)
(Corona) for the period of four years commencing on 1 April 2025
and expiring on 31 March 2029, with an estimated value of
£7.2m, with an option to extend for one year with an
estimated value of £9m.
 

4.    
Approved the
use of LASER’s ‘Price Certainty’ energy buying
strategy for both electricity and gas.
 

5.    
Approved the
use of LASER’s ‘Procurement Only Service Option’
(POSO)