Magazine article Public Finance

Swinney to Save £10M with Energy Deal for Public Sector

Magazine article Public Finance

Swinney to Save £10M with Energy Deal for Public Sector

Article excerpt

A groundbreaking deal to supply electricity to the entire public sector in Scotland was set to be announced by Finance Secretary John Swinney on April 30.

Giving details of the national bulk-buying project, the minister was due to say the deal would save taxpayers up to £10m a year and help public bodies 'go green'.

Following a tendering process, contracts to supply electricity to all public bodies have been awarded to two suppliers - Scottish Power and Scottish & Southern Energy.

The Scottish Government said the savings would come from bulk buying and the new arrangement would reduce electricity demand and promote greener power.

The Scottish public sector spends around £200m a year on electricity. It will be up to individual public bodies such as councils, health boards, universities and colleges to decide whether they wish to take advantage of the deal, which will be available from this autumn.

However, Swinney suggested the vast majority of public bodies had recognised the benefits. …

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