NHS PROPERTY SERVICES LIMITED · Awarded contract

Awarded

Appointment of Inspired Energy as Third-Party Intermediary for NHS Property Services Energy Procurement

Awarded 30 Jun 2019

View live tenders

Awarded30 Jun 2019

Value£176,000.00

SupplierINSPIRED ENERGY PLC

AgencyNHS PROPERTY SERVICES LIMITED

RegionUnited Kingdom

CategoryEnergy & Environment

Ended 4y 4mo ago3y term

Awarded 30 June 2019Expired 29 June 2022

About

NHS Property Services Limited awarded a contract to Inspired Energy PLC for the provision of a Third-Party Intermediary (TPI) to procure energy on its behalf.

The TPI will manage all matters relating to the procurement and awarding of electricity and gas supply contracts, up to but excluding the acceptance of offers and entering into contract, which will be undertaken by an NHSPS employee.

Services include energy procurement, annual budget forecasting with quarterly updates, data management for access to energy data, energy management services, MOP management, Power Purchase Agreements, and Demand Response / Frequency Response.

The contract was awarded under a preference for a flexible contract over fixed price, with bespoke supply agreements rather than a portfolio-type arrangement, reflecting NHSPS' risk appetite.

The contract value is £176,000.

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