LASER already delivered flexible contracts for BCC’s gas and small electricity supplies through our fully compliant flexible energy frameworks. BCC felt it was the best option to use the flexible framework to secure a sleeving PPA arrangement because it saved time and cost on the tender process and allowed for a customised procurement strategy to meet their specific needs. Together, we worked with the council to streamline the complexities of PPAs and create a bespoke procurement strategy to facilitate a sleeved PPA, enabling the council to buy and sell their renewable power in a way that provides financial stability and control.
The LASER trading team manages the import of electricity to BCC sites and the export of electricity from BCC’s renewable generation assets. They take seasonal fluctuations into account and balance any consumption and supply mismatch. Currently, BCC’s generation assets supply approximately 85% of their half-hourly metered electricity demand, leaving a 15% shortfall. Our trading team covers the shortfall by purchasing energy from the grid through the PPA sleeving arrangement.
By using LASER’s flexible procurement framework, the council benefited from the following:
- A flexible procurement framework that provided a quick and compliant route for BCC to secure a Power Purchase Agreement with a licenced supplier (Total Energy), sleeving renewable energy from their own generation assets to power their largest using sites, accounting for 85%.
- Expertise in supporting strategy implementation.
- 30 years experience in energy trading and more recently managing trading of several large public sector renewable assets in the UK.
- Bespoke procurement strategy that tracks energy market average prices so that both import and export prices can be set at the same time and the same price, also allowing the shortfall to be managed via the wholesale market.