ID5026 Group Energy Commodity Tender

• Duration: 5 year
• Value: £94M

Lot 1 Offsite Renewable Power Purchase Agreement - Operational Assets PPA (Lots 1 to 3) The objectives of this PPA Procurement is to secure long-term competitive price and demand hedging over a maximum 20 year period. We have a desired commencement date for supply of 1st April 2024 and whilst our long-term strategy calls for additionality, we have also allowed for Bidders in the ITN phase to submit bids from existing assets (Lots 1 & 3), in order to provide the most economically advantageous outcome for MAG.

• Duration: 15 year
• Value: £192M

Lot 2 Offsite Renewable Power Purchase Agreement - New Build Assets PPA (Lots 1 to 3) The objectives of this PPA Procurement is to secure long-term competitive price and demand hedging over a maximum 20 year period. We have a desired commencement date for supply of 1st April 2024 and whilst our long-term strategy calls for additionality, we have also allowed for Bidders in the ITN phase to submit bids from existing assets (Lots 1 & 3), in order to provide the most economically advantageous outcome for MAG.

• Duration: 19.5 year
• Value: £246M

Lot 3 Offsite Renewable Power Purchase Agreement - Combined Existing and New Build Assets PPA (Lots 1 to 3) The objectives of this PPA Procurement is to secure long-term competitive price and demand hedging over a maximum 20 year period. We have a desired commencement date for supply of 1st April 2024 and whilst our long-term strategy calls for additionality, we have also allowed for Bidders in the ITN phase to submit bids from existing assets (Lots 1 & 3), in order to provide the most economically advantageous outcome for MAG.

• Duration: 7 year
• Value: £218M

Lot 4 - Energy Supplier Contract MAG Airport Limited (hereafter MAG) is seeking a long term energy supplier partner to meet the power demands across its three sites (Manchester Airport, Stansted Airport and East Midlands Airport) with a current consumption of over 210GWh from the grid. MAG is separately looking to enter into a Power Purchase Agreement (PPA) program with one or a small number of renewable energy generation parties to provide new generation by end of 2024, and is in the process of developing onsite solar power generation. The new energy supplier will need to act as a sleeving agent to support MAG in managing its existing and new PPAs and therefore achieving its ambitious decarbonisation targets, its growing role as a climate leader, and its ambition to achieve carbon neutrality by 2038. MAG is seeking an energy supplier from 1st April 2024 that can integrate MAGs existing PPAs (expected to generate between 65 GWh and 75 GWh of power per annum from 2025), new offsite PPAs (generating a further 100-140GWh per annum from 2024), and provide shaping and flexibility to allow for its future energy strategy. MAG will need balancing and shaping services as part of the offering with the new energy supplier in order to facilitate a seamless sleeve of baseload power into MAGs import hedging structure.