Source: https://tendernation.io/opportunities/01a13c23-a5f8-7282-9977-5ff722451e7d/electricity-hh-and-nhh-flexible-purchase awarded GB open procedure # Electricity (HH and NHH) Flexible Purchase [City of London Corporation](https://tendernation.io/buyers/city-of-london-corporation) Estimated value £35,097,027 Published 17 Oct 2018 Deadline Closed 16 Jul 2018 ## Who can bid - Open procedure Anyone can submit a full tender; there is no shortlisting stage. ## About this tender The Authority require a contract to include both the Half Hourly and non-Half Hourly meters, for a 3 year period commencing on the 1.10.2018 and 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 fee. 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. The Authority have plans in the future to source electricity via third party renewable generators and require a supplier who can show experience of the ability to provide contract structures that will allow the renewable energy, and other embedded benefits to be sleeved into the supply agreement; in addition to the Authorities requirements around Power Purchase Agreements (PPAs), they also require a supplier who can provide them with REGO (Renewable Energy Guarantee of Origin) backed renewable energy from the start of the contract, and to be able to reduce the percentage of REGOs throughout the agreement if the Authority choose to sleeve these in from a PPA at a later stage. Additional information: Total contract values given are for the full contract period, and are based upon estimated costs and volume atthe time of contract award, which may be subject to change during the lift of the contract. Read full description ## CPV classification Petroleum products, fuel, electricity and other sources of energy Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/5a217316-d058-4940-8877-fdd639859b5e) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. [Track tenders free](https://tendernation.io/register) [Buyer profile City of London Corporation: past awards and live tenders](https://tendernation.io/buyers/city-of-london-corporation) [Sector More Fuels, energy & petroleum products tenders](https://tendernation.io/sectors/fuels-energy) ## More tenders like this [Electricity, heating, solar and nuclear energy – Dostawa energii elektrycznej na potrzeby Agencji Mienia Wojskowego Oddziału Regionalnego w Olsztynie wraz z odkupem energii wyprodukowanej w OZE i oddanej do sieci · Agencja Mienia Wojskowego · 4 days left · 23 Oct 2026](https://tendernation.io/opportunities/01a15183-774d-7004-8b7e-f1b2a0a010dc/poland-electricity-heating-solar-and-nuclear-energy-dostawa-energii-elektr) [Diesel oil – Zakup i dostawa paliw płynnych · Komenda Wojewódzka Policji z siedzibą w Radomiu · 35 days left · 23 Nov 2026](https://tendernation.io/opportunities/01a15183-cc4a-7236-a274-650a5202889f/poland-diesel-oil-zakup-i-dostawa-paliw-plynnych) [Natural gas – Gasausschreibung Amt Seenlandschaft Waren für die Lieferjahre 2027 bis einschließlich 2029 · Amt Seenlandschaft Waren · 30 days left · 18 Nov 2026](https://tendernation.io/opportunities/01a15183-0afd-7206-8b91-ee7090daec9e/germany-natural-gas-gasausschreibung-amt-seenlandschaft-waren-fur-die-liefer) [Unleaded petrol – RDW w Hrubieszowie Dostawa paliw w 2027r. · Zarząd Dróg Wojewódzkich w Lublinie Rejon Dróg Wojewódzkich w Hrubieszowie · 15 days left · 3 Nov 2026](https://tendernation.io/opportunities/01a15183-3f34-701b-977c-c9478f43da99/poland-unleaded-petrol-rdw-w-hrubieszowie-dostawa-paliw-w-2027r) [Electricity – Lieferung von elektrischer Energie für eine Produktionsstätte in Dudelange · Ministère de l’Économie · 29 days left · 17 Nov 2026](https://tendernation.io/opportunities/01a15183-097b-72f4-b634-25caa511f01a/luxembourg-electricity-lieferung-von-elektrischer-energie-fur-eine-produktio) [Natural gas – Erdgasliefervertrag · Universitätsklinikum des Saarlandes · 4 days left · 23 Oct 2026](https://tendernation.io/opportunities/01a15183-6a6c-706d-b07b-935d246d1d1f/germany-natural-gas-erdgasliefervertrag)