Tender

Ofgem 2021-191 Analytical Support and Economic Advice on Retail Resilience

OFGEM

This public procurement record has 1 release in its history.

Tender

18 Jan 2022 at 17:45

Tender Notice
Summary of the contracting process

The procurement process involves Ofgem, a regulatory body based in London, seeking analytical support and economic advice for their Retail Resilience project through an open tender. The title of the contract is "Ofgem 2021-191 Analytical Support and Economic Advice on Retail Resilience", which aims to address risks associated with renewable obligation payments and supplier financial resilience. The tender was published on 18th January 2022, with a submission deadline of 1st February 2022. The estimated value of the contract is £170,000 and will run from 14th February 2022 to 13th August 2022, categorised under economic research and related consultancy services.

This tender presents significant opportunities for businesses specialising in economic research, financial consultancy, and management consultancy services. Companies equipped to provide in-depth analysis, modelling, and advisory services pertinent to energy markets would be particularly well-suited to compete. Small and medium-sized enterprises (SMEs) are encouraged to participate, as the procurement is designed to be accessible to a diverse range of providers, potentially allowing them to expand their client base and expertise in a growing sector.

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Notice Information

Notice Title

Ofgem 2021-191 Analytical Support and Economic Advice on Retail Resilience

Notice 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6dcc3a89-60db-4725-81ff-ed58ade8de11
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1e9701fd-b6d5-4d4f-b311-a983e207d8b0
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

73 - Research and development services and related consultancy services

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

CPV Codes

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

66171000 - Financial consultancy services

71314000 - Energy and related services

73000000 - Research and development services and related consultancy services

73200000 - Research and development consultancy services

73210000 - Research consultancy services

79311400 - Economic research services

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79411100 - Business development consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£170,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jan 20224 years ago
Submission Deadline
1 Feb 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 Feb 2022 - 13 Aug 2022 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

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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