Decision type: Key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 01/09/2022
This decision will be taken under urgency procedures.
Reason for urgency:
Energy prices for 2023/24 have risen significantly in the past few weeks, representing an increase of over £20m. The council has an opportunity to access significantly lower prices by terminating its existing energy supply contracts and joining a public buying organisation (PBO), which has already purchased most of next year’s energy supplies at a rate lower than current market rates. The potential cost avoidance at current rates is several million pounds. The PBO requires the council to contract with them by mid-September, thus requiring an urgent decision. It is not possible to postpone the decision to a future meeting of the Executive.
Please refer to the public notice and report for the full reason for urgency.
Anticipated restriction: Part exempt - View reasons
Decision due: 1 Sep 2022 by Executive
Lead member: Councillor Rowena Champion, Executive Member for Environment, Air Quality and Transport email@example.com
Lead director: Corporate Director Environment and Climate Change
Department: Environment and Climate Change