Purchase of UK Allowances (UKA) in Accordance with the UK Emissions Trading Scheme (UK ETS) (2025-29)
Details
- Value
- £7,040,000
- Topic
- Energy and related services
- Published
- 16 January 2025
Tender description
This Prior Information Notice (PIN) relates to the appointment of a Service Provider for the Purchase of UK Allowances (UKA) in Accordance with the UK Emissions Trading Scheme (UK ETS) (2025-29) (UOS-35556-2025) at the University of Strathclyde. Lot 1: 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 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) on a quarterly basis: - 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.. Please note, the information contained within this Prior Information Notice (PIN) is subject to change.
Timeline
- Completed: Pre-tender published16 January 2025Current notice
About the buyer
University of Strathclyde is a higher education provider in Glasgow, and buys through its own Procurement Services Team. Tender notices are advertised through the Public Contracts Scotland portal. Larger contracts also appear on Find a Tender once they pass the set threshold. Schools, faculties and departments place their own routine orders under central Finance Regulations and procurement procedures. Framework agreements through Advanced Procurement for Universities & Colleges, the Scottish Government and the Government Procurement Service cover much of its spend. Suppliers need a university purchase order before supplying goods or services, and cannot win business through direct marketing.
Education procurement reached £47.4bn in 2024/25, the fourth-largest public sector budget.
Over the past 5 years, most of University of Strathclyde's contract awards have been in business services, IT services and education and training.
Relevant CPV codes
- 71314000 · Energy and related services
- 71314200 · Energy-management services
- 71314300 · Energy-efficiency consultancy services
- 79223000 · Custom broker services
- 90731210 · Purchase of CO2 emission credits
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@university-of-strathclyde.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@university-of-strathclyde.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@university-of-strathclyde.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@university-of-strathclyde.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@university-of-strathclyde.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@university-of-strathclyde.gov |
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