Expired contract

Ofgem 2021-191 Analytical Support and Economic Advice on Retail Resilience

Details

Value
GBP 177,000
Duration
6 months
Topic
Financial consultancy, financial transaction processing and clearing-house services
Published
23 February 2022

Tender description

The role of this contract is to provide economic advice and analytical support to inform Ofgem's approach to delivering its retail financial resilience action plan - in particular actions 9 and 10. Actions 9 and 10 relate to mutualisation risk associated with renewable obligation (RO) payments and credit balances and developing a stronger regulatory framework for supplier financial resilience. This will require the supplier to: * Provide analysis and modelling on retail market related data to inform Ofgem's policy development - including wholesale prices, hedging strategies and mutualisation costs * Quantify the costs and benefits of potential policy options to inform resolution of issues such as costs of supplier failure * Advise on economic theory and concepts, and offer potential approaches to resolving problems - as they relate to the issues in scope of this project.

Timeline

  1. Completed: Award date16 February 2022
  2. Completed: Award published23 February 2022
    Current notice
  3. Completed: Contract expiry date15 August 2022

About the buyer

Office of Gas and Electricity Markets (Ofgem) is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 66170000 · Financial consultancy, financial transaction processing and clearing-house services
  • 66171000 · Financial consultancy services
  • 71314000 · Energy and related services
  • 73000000 · Research and development services and related consultancy services
  • 73200000 · Research and development consultancy services
  • 73210000 · Research consultancy services
  • 79311400 · Economic research services
  • 79400000 · Business and management consultancy and related services
  • 79410000 · Business and management consultancy services
  • 79411100 · Business development consultancy services
  • 79412000 · Financial management consultancy services

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Decision makers

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