Award

2021-181 Analytical Support to Deliver Price Cap Update

PROACTIS TENDERS LIMITED MYT

This public procurement record has 1 release in its history.

Award

28 Jan 2022 at 15:21

Award Notice
Summary of the contracting process

The procurement process involves Ofgem, the executive arm of the government responsible for regulating the electricity and gas markets in Great Britain, seeking analytical support for its Price Cap Update. The tender, titled "2021-181 Analytical Support to Deliver Price Cap Update", falls under the business analysis consultancy services category, with a total value of £755,604. The tender was open under an open procedure method and has recently completed, with the contract period running from 20 December 2021 until 31 March 2022. The initial consultation document was expected to be published by 30 January 2022, setting out Ofgem's options for reforms to address challenges within the energy market.

This tender presents significant opportunities for consultancy firms, especially those with expertise in energy management, business development, and policy analysis. Companies specialising in business analysis, energy consultancy, and management services would be well-positioned to compete, given the requirements for support in analysis and drafting policy documents. As Ofgem aims to address the key issues of wholesale market volatility, businesses that can provide innovative solutions and insights into energy pricing and tariff structures will likely benefit from collaborating with Ofgem on future projects.

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Notice Information

Notice Title

2021-181 Analytical Support to Deliver Price Cap Update

Notice Description

In 2018 the Domestic Gas and Electricity (Tariff Cap) act was passed. The Act sets out the framework for a temporary cap on domestic energy standard variable tariffs (SVTs) and default tariffs. It also sets out that Ofgem is responsible for developing and implementing the methodology for setting the level of the cap. Ofgem introduced the methodology for setting the cap via licence conditions in November 2018, and the cap came into force on 1 January 2019. Support is required by Ofgem to provide resource to deliver a number of elements linked to the Statutory deadlines surrounding the price cap update on the 7th February. Ofgem also requires support in analysis and drafting of a Price Cap Reform policy consultation document for publication around 30 January. The consultation is expected to then last around four weeks. The policy consultation will set out detail on Ofgem's main policy options for reforms to the cap to address key challenges relating to wholesale market volatility, including changes to the observation window and the 'evergreen' nature of the cap.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f9d117b4-9af1-4d4b-9808-97f46b632ebc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e3035c6a-21d3-49a0-9749-3a1d8e204793
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 (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

09 - Petroleum products, fuel, electricity and other sources of energy

71 - Architectural, construction, engineering and inspection services

72 - IT services: consulting, software development, Internet and support

73 - Research and development services and related consultancy services

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

CPV Codes

09000000 - Petroleum products, fuel, electricity and other sources of energy

09300000 - Electricity, heating, solar and nuclear energy

71314000 - Energy and related services

71314200 - Energy-management services

72221000 - Business analysis consultancy services

73210000 - Research consultancy services

73220000 - Development consultancy services

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79411100 - Business development consultancy services

Notice Value(s)

Tender Value
£755,604 £500K-£1M
Lots Value
Not specified
Awards Value
£755,604 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jan 20224 years ago
Submission Deadline
17 Dec 2021Expired
Future Notice Date
Not specified
Award Date
17 Dec 20214 years ago
Contract Period
20 Dec 2021 - 31 Mar 2022 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
PROACTIS TENDERS LIMITED MYT
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

PRICEWATERHOUSE COOPERS LLP (PWC

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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