Award

Onshore Competition Commercial Model Review

OFGEM

This public procurement record has 1 release in its history.

Award

18 Jan 2024 at 17:45

Award Notice
Summary of the contracting process

The buying organization, Ofgem, has awarded a contract for the "Onshore Competition Commercial Model Review" tender in the category of financial and insurance services. The contract, worth 264,000 GBP, was awarded to Cepa Llp. The procurement stage was completed, with the tender closing on 1st January 2024. The contract period is from 8th January 2024 to 31st May 2024. This opportunity was suitable for small and medium enterprises, providing services in financial consultancy, financial market regulatory services, and financial management consultancy services.

Participating in this tender for the critical review of ESO's commercial model can offer growth opportunities to businesses involved in financial consultancy and management services. The competitive process allows for wider supply chain engagement and encourages innovation, in line with the UK Government's commitment to delivering net zero obligations. Ofgem's focus on early competition tenders creates a conducive environment for advisory organisations to support the development of commercial models in the electricity transmission sector, thereby contributing to market diversification and cost-effective infrastructure delivery for consumers.

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Notice Information

Notice Title

Onshore Competition Commercial Model Review

Notice Description

Ofgem require a critical review of ESO's proposed commercial model both in terms of the individual elements and the overall balance of the proposed package to likely investors and developers. This should be carried out for both large HVDC subsea cable projects (over GBP2bn) and smaller onshore projects (c.GBP500m) and be informed by relevant investor contacts. The development of competition in the provision of onshore infrastructure delivery has been a long-term policy objective for Ofgem. Rather than awarding investment to incumbent monopoly TOs, a competition "for the market" can procure investment at lower cost to consumers, drive innovation and widen the supply chain for the delivery of critical network upgrades. The need for changes to primary legislation to enable competition has previously limited our ability to date to fully develop and implement it. On 26 October the Energy Act 2023 received Royal Assent. This now allows for the awarding of electricity transmission and distribution licences through a competitive process and allows for delivery of network upgrades via competitive tender. In the context of the scale of investment in networks required to deliver our net zero obligations the UK Government (HM Gov) has set out, via the Transmission Acceleration Action Plan (TAAP) that it is committed to announcing a suitable first project for competitive delivery by the end of 2024. Having previously developed proposals for Late CATO competition (competitive tender takes place once detailed design work is completed) in 2016, Ofgem has more recently focused on the development of early competition (competitive tender takes place before the detailed design work is in place). In 2022, Ofgem decided that the Electricity System Operator (ESO) will carry out the early competition tenders and confirmed that it should complete the design of the commercial model and tender process. Support is required from an organisation who will act in advisory capacity, by first carrying out a critical review of the Electricity System Operator's proposed commercial model for early competition in the electricity transmission sector.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-274b944e-b849-446f-8a46-01cb88a1556f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b3b89182-429e-48b4-b515-c5f301007dde
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66000000 - Financial and insurance services

66152000 - Financial market regulatory services

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

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£264,000 £100K-£500K
Lots Value
Not specified
Awards Value
£264,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jan 20242 years ago
Submission Deadline
1 Jan 2024Expired
Future Notice Date
Not specified
Award Date
5 Jan 20242 years ago
Contract Period
8 Jan 2024 - 31 May 2024 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OFGEM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

CEPA

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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