Award

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

OFGEM

This public procurement record has 1 release in its history.

Award

23 Feb 2022 at 17:45

Award Notice
Summary of the contracting process

The procurement process for the contract titled "Ofgem 2021-191 Analytical Support and Economic Advice on Retail Resilience" was conducted by Ofgem, the regulatory authority for the electricity and gas markets in Great Britain. This tender falls under the services industry category, specifically focusing on economic research services, and is based in London. The contract has a value of £177,000 and was awarded on 16 February 2022, effective until 15 August 2022. The procurement was carried out using an open procedure, and the tender period concluded on 1 February 2022.

This contract presents a significant opportunity for businesses specialising in economic advice, financial consultancy, and research services. Companies with expertise in analysing market data, providing policy development insights, or offering financial management consultancy would be well-positioned to compete. As the focus is on enhancing retail financial resilience, businesses that can deliver innovative solutions and strong analytical support will find potential for growth and collaboration with Ofgem in addressing key industry challenges.

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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 supplier 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c59f4448-86a8-4222-84e3-ace36ec1f8ee
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a97ba18f-c825-410c-82cd-43df91f6275f
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
Large

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
£177,000 £100K-£500K
Lots Value
Not specified
Awards Value
£177,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Feb 20224 years ago
Submission Deadline
1 Feb 2022Expired
Future Notice Date
Not specified
Award Date
16 Feb 20224 years ago
Contract Period
16 Feb 2022 - 15 Aug 2022 6-12 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
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

NERA

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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