Awarded contract

Economic Consultants for Long Duration Energy Storage (LDES)

Details

Supplier(s)
CEPA LLP
Value
GBP 600,000
Duration
3 years
Topic
Electricity, heating, solar and nuclear energy
Published
4 April 2025

Tender description

Ofgem require a supplier with specialist economic support to provide economic and financial policy advice on the regulatory regime design of a new cap and floor regime to support investment in Long Duration Electricity Storage (LDES). To support Ofgem's work on both developing and running efficient processes to make decisions around awarding "cap and floor" support, the supplier will provide economic support in relation to policy and delivery.

Timeline

  1. Completed: Award date3 April 2025
  2. Completed: Award published4 April 2025
    Current notice
  3. Next: Contract expiry date2 April 2028in 2 years

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

  • 09300000 · Electricity, heating, solar and nuclear energy
  • 66171000 · Financial consultancy services
  • 71314000 · Energy and related services

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Decision makers

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