About
YPO awarded a contract to NPOWER COMMERCIAL GAS LIMITED for the supply of electricity and related ancillary services under a Framework Agreement.
The agreement primarily serves the local authority, education, and emergency services sectors, as well as other permissible users.
The contract value is AUD 260,000,000.
The Framework Agreement covers the period from 1st April 2023 to 31st March 2027, with two options to extend for an additional 24 months each, potentially extending the maximum contract period to 8 years, from 1st April 2023 to 31st March 2031, subject to annual review, management fee negotiations, and KPI performance.
The longer-term framework was justified by the complexity of the agreement, national procurement policy around climate change, and the need for a longer-term purchasing strategy to mitigate wholesale electricity price volatility.
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