Third Party Brokerage and Futures Commission Merchant Services

The New York Power Authority (NYPA) is seeking proposals for a five-year contract to provide Third Party Brokerage and Futures Commission Merchant Services, with the goal of establishing a single contractual arrangement. Bidders are instructed to access bid documents and participate through NYPA's official Ariba platform, emphasizing the importance of following specified procedures to ensure eligibility. The contract is open to various business structures, including subcontracting, joint ventures, or co-production arrangements, and is located within Westchester County. Past experience with similar contracts is required, with previous awardees such as TFS Energy Futures LLC, Spectron Energy Inc., and Amerex Brokers LLC being noted. The procurement process emphasizes transparency regarding MWBE and veteran-owned business participation, with no set-aside or specific diversity participation goals established for this solicitation. The response deadline is November 1, 2024, at 4:00 PM. The contract size is estimated between five and fifteen million dollars, reflecting its substantial scope. Interested parties can contact the designated senior strategic buyer, John Wylie, via email or phone for further details. The project underscores NYPA’s commitment to reliable energy trading services within New York, with the opportunity to contribute to the state's energy market infrastructure through this comprehensive brokerage and futures services contract.