Trident Energy Framework

Colchester Institute, the Contracting Authority, has commissioned Trident Utilities as their Framework Manager to undertake a procurement to establish a multi-supplier, multi-lot framework to enable public sector bodies and bodies governed by public law to access electricity, gas and water purchasing solutions via a competitive call off process.

An unlimited number of Suppliers (anticipated to be no more than 10) will be appointed to this Lot. Suppliers must hold a UK electricity Supply Licence and are tendering for appointment to Lot 2, which is to supply flexible priced electricity* for half hourly, non-half hourly and unmetered supply points and to the contracting authorities authorised to use this Framework agreement. Based on the interest already expressed in the Framework and an estimated take up, our best estimated for the value of the Call-Off Contracts to be awarded over the lifetime of the Framework agreement for this lot is GBP150,000,000. As detailed, however, no guarantee of business is implied by appointment to the Lot.

For the purposes of this tender, flexible priced electricity will be defined as electricity where the energy element of the price often referred to as the commodity price can be purchased after the Call-Off Contract has been awarded and the Supplier contract entered with the Framework Supplier. It is anticipated that a flexible priced electricity contract will provide for the purchase of the commodity element of the price in tranches or ‘clips’. Such clips may potentially be purchased on a seasonal, quarterly, monthly and daily basis and will be subject to OTC (Over The Counter) pricing which is reflective of the traded futures market.

Awarded Suppliers will be required to demonstrate their ability to supply complex multiple site portfolios Additional information: Once awarded to the framework, suppliers will be contracted and future energy supply contracts will be awarded by way of mini competition. The criteria for award of both the framework lot and subsequent mini competitions are detailed in the procurement documents and framework agreement.