RESOLVED

1.    That the extension of the contract for the Supply of Electricity with Scottish Power for a further year until 31/03/22, at an estimated cost of £1.7m be approved.

2.    That the extension of the contract for the Supply of Gas with Gazprom for a further year until 31/03/22, at an estimated cost of £0.75m, be approved.

The Chair introduced the report which recommended extending the existing contract for supply of the Council’s electricity and gas for a one year period, which represented good value for money and a business-like approach.  The next year would provide officers with the opportunity to test the market further to obtain the best deal for Merton.  The Director of Corporate Services echoed the Chair’s comments.

RESOLVED

1.    That the extension of the contract for the Supply of Electricity with Scottish Power for a further year until 31/03/22, at an estimated cost of £1.7m be approved.

2.    That the extension of the contract for the Supply of Gas with Gazprom for a further year until 31/03/22, at an estimated cost of £0.75m, be approved.