1. That in consultation with the cabinet member for Environment, Transport and the Climate Emergency, that the use of LASER’s appointed energy framework suppliers for the supply of gas and electricity through the framework duration (October 2020 to March 2025) be approved. The total cost is estimated at £67.5m. The breakdown of contract spend between the appointed suppliers is estimated at; Npower (LASER Framework Y18003 - corporate electricity supplies, HRA and street lighting) at £5m per annum (up to £22.5m over 4.5 years), and Corona Energy (LASER Framework Y18002 - corporate gas supplies) at £10m per annum (up to £45m over 4.5 years).
2. That the management options and purchasing strategies be approved as follows:
· The council use the fully managed service for all meters where the additional fee is equivalent to less than 3.6% of the annual billed cost of each meter, and to use the procurement only approach for the meters where the fee would equate to above 3.6% of the total annual cost.
· The council uses the PIA purchasing strategy for both electricity and gas for an initial 18month period.
Further detail on these options can be found in paragraphs 10-21 of the report.
3. That the use of the Renewables Energy Guarantee of Origin (REGO) backed ‘green’ tariff for Corporate Estate (Schools, Civic Buildings, Street Lighting etc.), as part of the council’s commitment to carbon reduction as detailed in paragraphs 22-26 of the report be approved.