Decision details
To enter a contract with EDF to provide landlord electricity supplies at fixed rates for 36 months.
Decision Maker: Director of Governance, Housing and Communities and Monitoring Officer - Claire Hughes
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
To enter a contract with EDF for the purposes
of providing landlord electricity supplies at fixed rates for 36
months. The former contract with Opus was costing on average
39.2134p per Kwh whereas the new EDF contract is 30.3792p. This is
a 22.53% reduction and will mean a saving of £68k annually
for tenants and the council. This is based on 100% renewable energy
making it more environmentally friendly too.
Reasons for the decision:
To enable the council to provide landlord
electricity supplies for all communal areas in their housing blocks
of flats at fixed rates for 36 months which offers value for money
and stability to tenants who pay service charges. The contract was
tendered via Kinect who have acted as brokers for these supplies
for the previous 17 years. There were five bids and EDF was
selected as their offer represented the best value and was also for
renewable energy. If a contract was not agreed for 1st April 2025,
then the council would be charged at standard tariffs.
Alternative options considered:
The other suppliers were quoting for the same
supplies with renewable energy but were not as competitive. As the
service would be the same than it was determined that the lowest
tender offered the best value for money for the tenants.
Finance Comments: Consistent with approved budget.
Declarations: None.
Other reasons / organisations consulted
Not applicable.
Contact: Gemma Bell, Director of Finance, Assets and Climate (Deputy S151 Officer) Email: [email protected].
Publication date: 08/05/2025
Date of decision: 08/05/2025