Purpose

Recommended sales strategy for the sale of
renewable rlectricity from the Integrated Waste Management Contract
EfW for 2026/27

Content

RESOLVED
that:-
 
(a)      Cabinet authorise the
Council’s Waste PFI Contractor (Suez) to enter online energy
auction and offer the sale of electricity generated at the Line 3
(EfW) during 2026/27 for a one-year fixed price, the first
available date to do so being 12th November 2025 with subsequent
dates being monthly from January 2026 and;
 
(b)      authority be delegated to
the Executive Director of Place and Regeneration to set the reserve
price (as detailed in the attached confidential appendix to the
report), and to amend the reserve price based on latest market
analysis advice received up to the auction date and, should the
reserve not be met, to consider whether to negotiate with the
highest bidder to achieve the best possible financial outcome for
NCC given the market conditions at that time or to reject bids and
re-auction the electricity at the next available on-line auction.
The aim being to maximise the income secured by NCC and ideally
deliver at least a breakeven position in terms of the expected
income levels to be built into the Council’s MTFP. This
stance will be subject to market analysis until the end of October
2025.