London Borough of Tower Hamlets · Awarded contract
Awarded

Energy Supply Brokerage Service for London Borough of Tower Hamlets

Awarded 31 Aug 2016

View live tenders
Awarded31 Aug 2016
Value£8,572.00
SupplierThe Energy Brokers
AgencyLondon Borough of Tower Hamlets
RegionLondon
CategoryEnergy & Environment
Ended 9y 2mo ago1y term
Awarded 31 Aug 2016Expired 31 Aug 2017

About

London Borough of Tower Hamlets awarded a contract to The Energy Brokers for the provision of an energy brokerage service to manage the Council's energy procurement and risk strategies, including a platform for marketing natural gas and grid electricity for the LBTH estate.

The estate comprises sites within the Council's direct control, such as operational buildings, idea stores, and street lighting.

The provider is required to offer expertise in energy markets to enable flexibility and take advantage of price dips, forward purchasing, Triad periods, buyback gas contracts, and hedge electricity contracts.

The successful provider will recommend and produce the Council's procurement risk strategies, including support capability using fundamental and technical analysis and reporting systems to deliver financial control and meet budgetary objectives for the initial 12 months of the framework (01/09/16 - 31/08/17) and quarterly thereafter.

The contract value is £8,572.

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