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Process Summary

Supply Procurement 2009 – Process Summary

The overall objective of Synergy’s wholesale supply procurement program is the procurement of Capacity Credits, electricity and environmental rights to meet Synergy’s portfolio needs, as appropriate, including the displacement of volumes stipulated in the Vesting Contract.

Supply Procurement 2009 will seek to meet Synergy’s requirements for:

• tendered Displacement;
• negotiated Displacement;
• supplies outside the Vesting Contract; and
• renewable energy needs (which may contribute towards Synergy’s tendered or negotiated Displacement obligations).

Synergy intends to invite both renewable and non-renewable offers, addressing both Displacement and supplies outside Vesting, for Capacity Year 2011/12 and subsequent years. Subject to achieving acceptable commercial prices and other terms, Synergy intends to procure a significant proportion of its overall requirements from renewable sources.

Synergy’s Displacement needs will be further outlined in the 2008 Annual Displacement Statement of Opportunities to be issued on or about the 30 November 2008.

Synergy’s representatives will seek to engage in discussions with interested parties during the EOI phase to discuss Synergy’s requirements and how these may be met by interested parties from both available existing and proposed new capacity.

Subject to the outcomes of the EOI phase and greater clarity about relevant regulatory developments, Synergy intends to develop and conduct a tender phase during 2009, but reserves its right to not proceed to a tender.

See the latest Process 2009 Updates about this process issued from time to time.