Wokingham Borough Council Energy Contract
July 30, 2026 Executive (Other) 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 Shareholder Committee satisfied itself that the information presented provided assurance as to the effective ongoing management of the group of companies. The committee noted updates on the consolidated provisional outturn position, quarter four performance data, the 30-year business plan working model, community benefit society conversion status, the housing improvement plan, and development pipeline updates.
The Executive approved the procurement of electricity and gas supplies via a call-off from the LASER Energy Framework. This includes a one-year contract commencing April 2027, with an option to extend for a further year, and delegates authority to the Deputy Chief Executive (S151 Officer) to finalise and award the contract.
The Executive noted the content of the report and the continued collaboration between Optalis Ltd and Wokingham Borough Council. It also ensured ongoing oversight and transparency of Optalis Ltd by incorporating a bi-annual report into its regular reporting cycle.
Full council record
Purpose
This report seeks approval to continue procuring the Council’s electricity and gas supplies via a call-off from the LASER Energy Framework.
Decision
RESOLVED that the Executive:
• Approvead the procurement of electricity and gas supplies via a call-off from the LASER Energy Framework;
• Approved the award of a one-year contract commencing April 2027, with the option to extend for a further one year;
• Delegated authority to the Deputy Chief Executive (S151 Officer), in consultation with the Executive Member for Finance, to finalise and award the contract;
• Noted that this approach represents the most advantageous option in terms of value for money, risk management, and alignment with the Council’s Climate Emergency Action Plan.
Related Meeting
Executive - Thursday, 30 July 2026 - 7.00 pm on July 30, 2026
Supporting Documents
Details
| Reference | Call-ins0 |
| Outcome | Recommendations Approved |
| Decision date | 30 Jul 2026 |
| Effective from | 8 Aug 2026 |
| Expected date | 30 Jul 2026 |
| Originally due | 30 Jul 2026 |
| Lead officer | Jim Sutton |
| Subject to call-in | Yes |