Agenda item

Report of the City Surveyor.

The committee received a report of the City Surveyor which presented the view of estimated electricity costs for City of London Barbican Estate Office housing sites. The committee discussed changes made to the original forecast due to the onboarding of the Power Purchase Agreement, together with adjustments made by the supplier through the application of an incorrect charge.

The committee raised concerns and expressed dissatisfaction regarding metering, standing charges, and invoice issues, and discussed the dispute resolution process, proposed completion timelines and the delays to the reconciliation process. Officers confirmed that the reconciliation of 2021/22 and 2022/23 charges would be completed by 31 March 2023.

RESOLVED – that the report be noted, i.e. -

• The benefit of the PPA from 1st January 2023.
• That, due to the benefits provided as a result of the PPA and the traded position, the EBDS commencing April 2023 may not be applicable as prices are under the threshold and there is a higher cap than under the previous government support scheme.
• That the consumption and costs are currently validated via a contract with Team Energy Auditing Ltd. and via Sigma, the City’s current energy monitoring software.
• That Total Energies are lodging a dispute with Elexon (the National Grid) regarding estimated data for Speed House.
• The continued support with site regarding available supply capacity.