Expired contract

Gas Flexible Purchase

Details

Buyer: City of London Corporation
Supplier(s): Total Gas and Power Ltd
Value: GBP 4,598,961
Duration: 3 years
Topic: Petroleum products, fuel, electricity and other sources of energy
Published: 17 October 2018
Source: ContractsFinder

Tender description

The Authority require a contract to include all gas meters, for a 3 year period commencing on the 1.10.2018.The contract is to be based on a 28 day BACs payment terms with no requirement for credit mitigation. The settlement of the contract is to be based on a minimum +/-20 % annual volume tolerance with a 3 year fixed shape/swing premium. The management fee should also be fixed for the contract duration. A flexible contract is required to allow the Authority to purchase the commodity costs via OTC (over the counter) pricing through traders at Mitie Energy's Risk Management Team. Options around ability to fix/unfix, purchase at day ahead indices, and reforecast volumes will be required.

Timeline

Completed: Award date9 August 2018
Completed: Award published17 October 2018
Current notice
Completed: Contract expiry date30 September 2021

About the buyer

City of London Corporation is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

09000000 · Petroleum products, fuel, electricity and other sources of energy

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@city-of-london-corporation.gov
Commercial Director	+44 •••• ••••••	••••••••@city-of-london-corporation.gov
Procurement Manager	+44 •••• ••••••	••••••••@city-of-london-corporation.gov
Category Lead	+44 •••• ••••••	••••••••@city-of-london-corporation.gov
Senior Buyer	+44 •••• ••••••	••••••••@city-of-london-corporation.gov
Contracts Manager	+44 •••• ••••••	••••••••@city-of-london-corporation.gov