Issue - meetings

Concerns a contractual matter (paragraph 3)

Received a report from the Corporate Director of Resources setting out the various options available to the Council to manage risks and potentially increase value for money in the procurement of energy.

Agreed, in order to assist the Council to achieve its Community Priority of ‘Making Barking and Dagenham Cleaner, Greener and Safer’ to the

  (i)  appointment of LASER to continue as the Council’s agent for the purchase of its energy supplies;

  (ii)  adoption of a “fully flexible purchasing with variable price” for all of its gas and electricity energy requirements for the next four years (option 3 in paragraph 3.1), subject to officers agreeing a risk management strategy and service level agreement with the Professional Buying Organisation; and

  (iii)  delegation of authority to LASER to make day to day energy buying decisions on the Council’s behalf in line with the agreed risk management strategy referred to above.