Purchase of UK Allowances (UKA's) in accordance with the UK Emissions Trading Scheme

Concepts

• glasgow
• energy related
• purchase of uk allowances
• uk-ets registry trading account
• uk emissions trading scheme
• uka
• purchases of allowances
• service provider hold allowances
• high prices of allowances
• transfer of allowances

Location

Description

The University requires the services of a service provider with a UK-ETS Registry Trading Account as specified in SCHEDULE 5A of The Greenhouse Gas Emissions Trading Scheme Order 2020.

Total Quantity or Scope

The University requires the services of a service provider with a UK-ETS Registry Trading Account as specified in SCHEDULE 5A of The Greenhouse Gas Emissions Trading Scheme Order 2020. The services that the university wishes to engage the market in are: - Purchases of allowances at auctions on behalf of the University. - Incorporating a hedging strategy on behalf of the university to limit exposure to high prices of allowances. - Holding and transfer of allowances from an authorised UK-ETS trading registry account to the University’s Operator Holding Account (OHA) on a quarterly basis. - Providing market insights, intelligence and price forecasts at agreed intervals at no extra cost to the University. - Running market orders. - The University may request that the service provider hold allowances on behalf of the University.

Renewal Options

The contract duration is 24-months, with the option to extend for up to an additional two 12-month periods. The Contracting Authority reserves the right to utilise the extension periods at its discretion.

Award Criteria

CPV Codes

• 71314000 - Energy and related services
• 71314300 - Energy-efficiency consultancy services
• 71314200 - Energy-management services
• 79223000 - Custom broker services

Indicators

• This is a recurring contract.
• Options are available.
• Renewals are available.
• Financial restrictions apply.
• Technical restrictions apply.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015. The University at it discretion reserve the right to review tenderers financial stability by reviewing: - Credit Safe reports - Three previous year accounts Please note this is at the University’s sole discretion. The buyer is using PCS-Tender to conduct this ITT exercise. The Project code is 20652. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2343 A sub-contract clause has been included in this contract. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2363 Community benefits are included in this requirement. For more information see: https://www.gov.scot/policies/public-sector-procurement/community-benefits-in-pr... A summary of the expected community benefits has been provided as follows: Community Benefits details included within the procurement documents (SC Ref:682054)