RESOLVED:

A. That Cabinet agreed to award a 2+2+2-year contract to bidder A for the supply of electricity to sites covered by the corporate utility contract, starting from 1st April 2023.

B. That authority to take up the 2 optional 2-year extensions on the contract be delegated to the Executive Director of Innovation and Change in consultation with the Cabinet Member for Finance and Corporate Services.

The Cabinet Member for Finance and Corporate Services presented the report noting that following the cancellation of the Gazprom contracts in 2022, all energy providers had been re-procured and following the recent award for the supply of gas, a bid had now been submitted for the electricity contract. The Contract had gone through procurement board and the report recommended the award of contract to the new supplier.

RESOLVED:

A. That Cabinet agreed to award a 2+2+2-year contract to bidder A for the supply of electricity to sites covered by the corporate utility contract, starting from 1st April 2023.

B. That authority to take up the 2 optional 2-year extensions on the contract be delegated to the Executive Director of Innovation and Change in consultation with the Cabinet Member for Finance and Corporate Services.