1. To approve the use of the LASER Energy Framework Agreement to administer the purchase and supply of the Council’s corporate gas and electricity contracts for the period 1 April 2020 to 31 March 2022 (at an annual cost of £9,000,000 per annum) with the option to continue under a rolling forward buying arrangement up to 31 March 2025 (unless terminated by the Council) at an estimated total value of £45,000,000.
2. To approve the use of LASER’s appointed energy framework suppliers for the supply of gas and electricity through the framework duration. The breakdown of contract spend between the appointed suppliers is estimated at; Npower (LASER Framework Y18003 - corporate electricity supplies and street lighting) at £5,500,000 per annum (up to £27,5000,000 over 5 years), and Corona Energy (LASER Framework Y18002 - corporate gas supplies) at £3,500,000 per annum (up to £17,500,000 over 5 years).