Electricity (HH and NHH) Fixed Price, Fixed Term

Description

The Authority require a fixed price, fixed term contract which includes all non-commodity costs and which protects against increases in non-commodity costs across the contract duration. The requirement is for a 2 year contract based on 28 day BACs payment term and no requirements for any credit mitigation. The contract is to include, as minimum, a +/-20 % annual volume tolerance. The Authority require a supplier who can provide REGO (Renewable Energy Guarantee of Origin) backed renewable energy for the whole portfolio at a fixed price for the contract duration and for the cost to be included within the offered unit rates. Additional information: Total contract values given are for the full contract period, and are based upon estimated costs and volume at the time of contract award, which may be subject to change during the life of the contract.

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