SES Water has launched a pre-market engagement exercise for its AMP8 Half hourly and non Half Hourly Electricity requirements worth an estimated £42 million.
The water company has issued a Prior Information Notice PIN) to alert the market to an upcoming opportunity to act as SES Water’s electricity supplier for the AMP8 period commencing 01 April 2025 for a period of 5 years.
SES Water’s current grid supplied electricity consumption is c55GWh with 100% REGO-backed supply, across 83 meters. Estimated total value of the contract is £42,000,000.
Ahead of going out to tender, SES Water have decided to start market engagement activities, with the following objectives:
- to provide licensed Electricity Suppliers with awareness of the forthcoming opportunity
- to allow potential electricity suppliers to have the opportunity to review and provide feedback on SES Water’s draft specification of requirements.
- to allow potential electricity suppliers to describe innovative contract structures that may be more economically advantageous than those described in SES Water’s draft specification.
SES Water’s draft requirement is summarised as follows
Licensed Supply to 83 NHH and HH metered electricity supplies, with a current consumption of 55 GWh
Flexible hedging functionality
PPA sleeving capability
The utility plans to share the detailed draft specification of requirements with potential electricity suppliers who respond to the PIN and hold subsequent 1-to-1 engagement sessions.
SES Water intends to issue the formal tender documents during summer 2024 – click here to access the PIN
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