Government Contract | Virginia
Technical Consultant for Energy Risk Management

Bid Information


Bid Alert No: 00002462841

Bid Title: Technical Consultant for Energy Risk Management

Agency Bid No. Title: 0061845

Received Date: 01/12/2021

Close Date: 02/19/2021

Purchase Type: Term:

Delivery Point: Virginia Polytechnic Institute and State University, Blacksburg, Virginia

Delivery Date: Not Stated

Special Notices: Pre-Bid Conference 01/21/2021 01:00 PM, Bidder Preregistration

Specifications

Specifications include, but are not limited to: The Technical Consultant Shall:(a) Develop the Fuel and Power commodity risk profile of Virginia Tech, that specifies thefinancial risk exposure to power and natural gas commodity prices resulting from marketvolatility;(b) Ratify the explicit fuel and power price boundaries that align with the explicit financialexpectations of Virginia Tech in the aggregate;(c) Design a structured hedging plan and purchasing protocols to manage fuel and power pricevolatility to achieve the financial expectations and risk tolerances of Virginia Tech in theaggregate and propose amendments to such protocols as changes in market conditionsdictate;(d) Provide ongoing fuel and electric hedging advisory and risk management support VirginiaTech, which shall include the following ongoing tasks:i. Quantify the energy price risk of electricity and natural gas;ii. Monitor the potential for correlated unfavorable energy price outcomes;iii. Track hedged positions;iv. Provide defensive and discretionary hedge recommendations;v. Assist Virginia Tech with negotiation of financial hedging contracts and transactionswith various parties; and8vi. Monitor Virginia Techs credit exposure under such financial hedging contracts ortransactions.

Product Code: 91897

Agency Information


Issuing Agency: Virginia Polytechnic Institute & State University (Virginia Tech)

State: Virginia

Agency Type: State and Local

Contact: Levi Henry, Procurement Department

Phone: 540-231-7852

Fax: 540-231-9628

Email: lhenry29@vt.edu

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