CPC do our best to ensure that our framework portfolio covers all of your institution's requirements. Therefore we have partnered with The Energy Consortium (TEC) in order to provide you with access to EU-tendered energy frameworks.
TEC are a member owned public buying organisation (PBO) offering compliant EU tendered energy to public sector bodies. As a not-for-profit organisation, TEC can be relied upon to provide a full range of cost effective energy supply contract arrangements which reflect the best solutions available in the market. TEC provide an annual benefit statement which sets out the financial benefit of using their frameworks. In addition the TEC team deliver a managed service covering the complete energy supply cycle with the selected supplier. For a college, membership would be £250 per year.
Members get access to a range of energy market intelligence which would enhance their knowledge about the key drivers in the energy markets which would impact on their energy costs and choice of energy contract. Once they have gathered energy data on your behalf, you would also be provided with a web-based reporting tool allowing you to build your own reports on energy cost and consumption, assisting with accurate budgeting.
TEC frameworks attract a wide range of energy suppliers all of whom bid on a consistent basis for energy supply contracts, that is to say same payment terms, same contract length and the same basis and structure of quotes. Often these contract offers are complex and difficult (or almost impossible) to compare. TEC use state of the art industry software to compare offers.
KPIs for all suppliers on TEC frameworks means their customer service is managed to ensure delivery of the highest standards of service, where an independent tendered contract may simply take pot luck with service being delivered by the supplier's call centre approach.
TEC OJEU-enabled frameworks mean that you will not have the expense of running your own tender or the risk that an error might lead to a challenge or unsafe contract award. It is also fair to assume that using a TEC framework will increase the number of received bids as opposed to running an independent tender.
Fixed Term, non-flexible framework - This framework allows for the supply of electricity and natural gas. The energy type tendered (HH, NHH or gas) will determine which of the 16 supplier can / will bid as not all suppliers provide all products. Award under the mini-competition is determined in part by price but also based on a Most Economically Advantageous Tender (MEAT) score which takes other factors into account including payment terms and customer service performance.
The energy cost itself (commodity) for the period of the contract is fixed on the day of mini-competition and is based on wholesale prices on the day of tender, leading to some risk around making a decision to 'buy' all energy for a period on a single day.
Flexible Energy Framework - Under this framework, the energy for the member will be added to an aggregated basket with all flexible contract users (currently around 60, with the volume making it one of the largest aggregated baskets in the UK energy market) and the energy bought against a rolling 3 year strategy, with parts of the total requirement being bought 'piecemeal' to certain levels and for certain forward periods as much as 3 years in advance.
This is a genuine risk management approach to buying energy and works on the basis that you have an opportunity to buy at a better price if you can make multiple purchases than if you simply buy on one day.
|Fixed Term, Non-Flexible Contract||
||Flexible aggregated basket Contract||
Using any of these energy supply frameworks, members also get the advantage of a managed service, under which supplier performance on matters such as billing and account administration are closely monitored on a supplier-by-supplier basis. This means that there will always be an escalation route for any unresolved issues or even complaints, meaning that the supplier experience via a TEC framework should be very different to that which you may have had in a direct relationship. You'll also have access to genuine energy experts who have all the knowledge you need to solve your energy supply issues and leave you free to concentrate on your 'day-job'.