Purchase of UK Allowances (UKA) in Accordance with the UK Emissions Trading Scheme (UK ETS) (2025-29)

Concepts

• glasgow
• energy related
• co2 emission credits
• uk ets
• uk allowances
• an authorised uk ets trading registry account
• the uk emissions trading scheme
• allowances
• (uk ets
• 2025

Location

University of Strathclyde

Geochart for 1 buyers and 0 suppliers

Strathclyde University

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Description

The University of Strathclyde (“the University”) is seeking to establish a Contract for the Purchase of UK Allowances (UKA) in Accordance with the UK Emissions Trading Scheme (UK ETS) (2025-29) (UOS-35556-2025).

Total Quantity or Scope

The University of Strathclyde (“the University”) is seeking to purchase UK Allowances (UKAs) in accordance with the UK Emissions Trading Scheme (UK ETS). The Contract will include, however, will not be limited to: - Purchases of allowances at auctions or on the secondary market 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) as required: - Providing market insights, intelligence and price forecasts at agreed intervals at no extra cost to the University: - Running market orders; and - 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
• 90731210 - Purchase of CO2 emission credits

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. ** In line with 72 - Modification of Contracts during their Term, of the Public Contracts (Scotland) Regulations 2015, this Contract may be modified without a new procurement procedure in accordance with this Part in some cases. The buyer is using PCS-Tender to conduct this ITT exercise. The Project code is 28528. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2343 The Contracting Authority does not intend to include a sub-contract clause as part of community benefits (as per Section 25 of the Procurement Reform (Scotland) Act 2014) in this contract for the following reason: N/A. 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: In accordance with section 25(3) of the Procurement Reform (Scotland) Act 2014 note that, the University of Strathclyde intends to include community benefit requirements. As part of your response within the Technical Envelope of the Invitation to Tender (ITT), the Tenderer will be requested to commit to the delivery of community benefits in accordance with the methodology outlined in the tender documents. (SC Ref:789933)