Supplier log in
You are not logged in.
Supply of Electricity and Financial Hedge Agreement (CFD)
Details
|
Tender Closed
|
|
| RFx ID : | 19668663 |
| Tender Name : | Supply of Electricity and Financial Hedge Agreement (CFD) |
| Reference # : | ACT60-1813018955-974 |
| Open Date : | Monday, 30 April 2018 9:00 AM (Pacific/Auckland UTC+12:00) |
| Close Date : | Friday, 18 May 2018 12:00 PM (Pacific/Auckland UTC+12:00) |
| Tender Type : | Request for Quotations (RFQ) |
| Tender Coverage : | Cluster [?] |
| Categories : |
|
| Regions: |
|
| Exemption Reason : | None |
| Required Pre-qualifications : | None |
| Contact : |
Geoff Williams geoff.williams@wellingtonwater.co.nz 021 409 104 |
| Alternate Physical Delivery Address : | Not permitted (electronic submissions only) |
| Alternate Physical Fax Number : | |
| Agency Address : | |
Overview
Electricity Supply Agreement. Pricing for the following options is requested:
Option 1 – Two supply agreements: Wellington Water (17 GWh p.a.) and GWRC (3 GWh p.a.)
Option 2 – One supply agreement: GWRC (20 GWh p.a.)
Electricity Hedge Agreement
Base load CFD in standard ISDA format with monthly volume profile and cash settlement.
Please see attached RFQ document.
RFx Outcome
This tender has been awarded to:
- Contact Energy
- Meridian Energy
- Mighty River Power Limited
Further Award Information:
Three contracts have been awarded.
Electricity Supply Agreement (Water Supply) - Mercury Ltd
Electricity Supply Agreement (other GWRC sites) - Meridian Energy Ltd
Financial Hedge (Water Supply CFD) - Contact Energy Ltd
Evaluation methodology and price range for the contracts - For the water supply contract the hedge cost was calculated by multiplying the volume for each month by the strike price and adding them up. This was combined with physical supply costs for TOU and NTOU sites. The volume used for the TOU supply costs was the same as the hedge volume. Network charges were excluded from the TOU evaluation. The range for the water supply contract was $2.7m to $3.0m (excluding TOU network charges of approximately $1.7m).
For the other GWRC sites the evaluation was similar except the TOU sites were FPVV rather than spot+hedge. The range for this contract was $0.9m – $1.2m (excluding TOU network charges of approximately $0.2m).
Award Date: Thursday, 28 June 2018 (Pacific/Auckland UTC+12:00)
Date RFx was completed/updated: Thursday, 28 June 2018 12:36 PM (Pacific/Auckland UTC+12:00)
