Purpose

To consider and approve recommendations on the
Council’s procurement of energy contracts and the Gas &
Electricity Risk Management Strategy.

Decision

i. 
That the extension of
the energy procurement contract with Equity Energies Limited for
the maximum period of 1 year (1st April 2025 to 31st March 2026) be
approved to continue to provide energy procurement services to the
Council.

ii. 
That the procurement
of new fixed and flex energy supply contracts using the OJEU
compliant Gwynedd Dynamic Purchase System (DPS) at a maximum value
of £3.453 million (exclusive of VAT) for the 2025/26 period
be approved.

iii. 
That the Gas &
Electricity Risk Management Strategy for the Flex energy supply
contracts be approved as follows:
 

a. 
Approve the purchase
of electricity on a ‘month ahead’ basis and gas on a
‘day ahead’ basis on the open ’wholesale energy
market spot price’.

b. 
Set wholesale energy
market price caps for power for the summer 25 period (April 25 to
September 25) to £97/MWh and the winter 25 (October 24 to
March 26) to £102/MWh.

c. 
Set wholesale energy
market price caps for gas for the summer 25 period (April 25 to
September 25) to £43/MWh and the winter 25 (October 25 to
March 26) to £42/MWh.
 

iv. 
If the wholesale
energy markets price exceeds or is likely to exceed the maximum
value cap contained in Recommendation 1.1 (iii) then Cabinet
delegates authority to the Executive Director of Regeneration,
Housing and Environment, in consultation with the Executive
Director of Finance and Commercial (the S151 officer) and the Lead
Member for Finance, Council Assets and Transformation to purchase
energy in a manner which will seek to limit further cost
exposure.

v. 
That delegated
authority be given to the Executive Director of Regeneration,
Housing and Environment, in consultation with the Executive
Director of Finance and Commercial (the S151 officer) and the Lead
Member for Finance, Council Assets and Transformation to procure
energy contracts and purchase energy in line with the Gas &
Electricity Risk Management Strategy.

vi. 
That delegated
authority be given to the Executive Director of Regeneration,
Housing and Environment, in consultation with the Executive
Director of Finance and Commercial (the S151 officer) and the Lead
Member for Finance, Council Assets and Transformation, to award
contract(s) to successful bidder(s) subject to the bid(s) as a
total being no more than the maximum value specified in
Recommendation 1.1 (ii).