Published date: 13 September 2021

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


Closing: 1 January 2021, 12am

Contract summary

Industry

  • Financial consultancy services - 66171000

  • Business analysis consultancy services - 72221000

  • Project management consultancy services - 72224000

    • Business and management consultancy services - 79410000

    • General management consultancy services - 79411000

    • Financial management consultancy services - 79412000

Location of contract

Any region

Value of contract

£216,000

Procurement reference

MT223879

Published date

13 September 2021

Closing date

1 January 2021

Closing time

12am

Contract start date

7 September 2021

Contract end date

6 June 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

In instances where an energy supplier is exiting the market, Ofgem's priority is to ensure that consumers' interests are protected, including that their supplies of electricity and gas are not disrupted.
Market exits can take the form of a commercial transaction between suppliers - one may buy the customer book of another for instance.
They can also require direct regulatory intervention. Where this is the case Ofgem runs a competitive process to appoint an alternative supplier for customers of the failed supplier. This process is called the Supplier of Last Resort (SoLR) process.
This contract is for support with:
Project managing a project to assess and plan for a range of potential scenarios for risk of failure in the coming winter (in light of recent market conditions)
* Broader project management of the Supplier Financial Stability work, including resource planning of any SoLR casework
* Project management of individual SoLR cases as required
* Coordinating with other teams around Ofgem to pool intelligence regarding suppliers' financial status
* Monitoring who has access to highly market sensitive information
* Creating, improving and maintaining processes to gather, analyse and share information related to suppliers' financial position

More information

Links

Award information

Awarded date

7 September 2021

Contract start date

7 September 2021

Contract end date

6 June 2022

Total value of contract

£216,000

This contract was awarded to 1 supplier.

KPMG LLP

Address

15 Canada Square, , London

Reference

Companies House number: OC301540

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