Published date: 18 November 2024

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


Closing: 1 January 2024, 12am

Contract summary

Industry

  • Auditing services - 79212000

  • Internal audit services - 79212200

  • Statutory audit services - 79212300

Location of contract

Any region

Value of contract

£50,000

Procurement reference

MT233256

Published date

18 November 2024

Closing date

1 January 2024

Closing time

12am

Contract start date

21 October 2024

Contract end date

31 March 2025

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 Standing Charge Levelisation process is designed to equalise the cost of energy standing charges between prepayment and non-prepayment customers, via a Levelisation Allowance in the Price Cap. It is supported by a supplier reconciliation by difference mechanism to support suppliers' ability to recover efficient costs.
Calculations involving the Price Cap are performed by Ofgem. The Retail Energy Code Company (RECCo) are responsible for reconciliation related calculations. Both RECCo and Ofgem have developed jointly owned systems and processes that manage the timing and responsibility for undertaking these calculations.
Levelisation has been classed as imputed tax and spend, and the financial flows will be recorded in Ofgem's accounts. Support is therefore required from a supplier to carry out an agreed upon procedures review of Levelisation.

More information

Links

Award information

Awarded date

17 October 2024

Contract start date

21 October 2024

Contract end date

31 March 2025

Total value of contract

£50,000

This contract was awarded to 1 supplier.

Forvis Mazars Llp

Address

30 Old Bailey, , London

Reference

Companies House number: OC308299

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