Published date: 23 February 2022

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 1 February 2022, 12pm

Contract summary

Industry

  • Financial consultancy, financial transaction processing and clearing-house services - 66170000

  • Financial consultancy services - 66171000

  • Energy and related services - 71314000

    • Research and development services and related consultancy services - 73000000

    • Research and development consultancy services - 73200000

    • Research consultancy services - 73210000

    • Economic research services - 79311400

    • Business and management consultancy and related services - 79400000

    • Business and management consultancy services - 79410000

    • Business development consultancy services - 79411100

    • Financial management consultancy services - 79412000

Location of contract

Any region, London

Value of contract

£177,000

Procurement reference

MT225520

Published date

23 February 2022

Closing date

1 February 2022

Closing time

12pm

Contract start date

16 February 2022

Contract end date

15 August 2022

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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.

More information

Links

Award information

Awarded date

16 February 2022

Contract start date

16 February 2022

Contract end date

15 August 2022

Total value of contract

£177,000

This contract was awarded to 1 supplier.

Nera Uk Ltd

Address

Marble Arch House, 66 Seymour Street, London

Reference

Companies House number: 03974527

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Lynsey Gordon

Address

10 South Colonnade
Canary Wharf
London
E14 4PU
England

Telephone

+44 2079017000

Email

procurement2@ofgem.gov.uk

Website

http://www.ofgem.gov.uk