Published date: 18 January 2022
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
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
£150,000 to £170,000
Procurement reference
MT225119
Published date
18 January 2022
Closing date
1 February 2022
Closing time
12pm
Contract start date
14 February 2022
Contract end date
13 August 2022
Contract type
Service contract
Procedure type
Open procedure (below threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements below the relevant contract value threshold.
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 successful tenderer 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.
Please see attached 2021-191 Analytical Support and Economic Advice on Retail Resilience ITT document for further information.
More information
Links
-
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=JAN163572
- Tender notice
- NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.
About the buyer
Contact name
Lynsey Gordon
Address
10 South Colonnade
Canary Wharf
London
E14 4PU
England
Telephone
+44 2079017000
Website
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Closing: 1 February 2022, 12pm