Agenda item

2022/23 Electricity Price Forecast Update

Report of the City Surveyor.


The Committee received a report of the City Surveyor, which presented the anticipated electricity costs for the Barbican Estate.  Members noted that prices are still to be finalised for the full year and are contingent on the Power Purchase Agreement (PPA), which is expected to commence in January 2023. Once the PPA is live, unit rates are expected to remain below the published price cap.


Members noted that half-hourly metering is in place across the Barbican, and this enables officers to look at trends.   However, there had been an issue, over the past year, in respect of communication failures to some meters. The Head of Energy and Sustainability advised that ‘Team Sigma’, who are market leaders, had been reviewing the data and confirmed that residents would not be liable for reconciliation costs.  


RESOLVED, that – the report be noted.

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