Notice Information
Notice Title
RIIO ED2 Strategic Legal Support
Notice Description
Provision for Strategic Legal Support on the UKPN RIIO ED2 Business Plan Submission.
Lot Information
Lot 1
The RIIO-ED2 price control will set the allowed revenues, finance parameters, incentives, outputs and customer commitments for the period 2023-2028. As a regulated entity, UK Power Networks will have to operate within these arrangements for the five-year period. In the current RIIO-ED1 price control, UK Power Networks is successfully delivering its outputs, performing strongly on incentives, notably customer service, reliability and delivering sector-leading cost outperformance. Ofgem, the industry regulator, has already made several decisions for RIIO-ED2, which will lead to changes compared to the current price control; one of these is a return to a five-year control rather than an eight-year deal. Ofgem still has key decisions to take on the details underpinning RIIO-ED2, which UK Power Networks is already heavily involved in developing through consultation responses, RIIO-ED2 Working Groups, and bi-lateral meetings. In parallel with the development of the details for RIIO-ED2 on areas such as incentive mechanisms, cost assessment methodologies, scenario arrangements, and financing, UK Power Networks is developing its business plan for RIIO-ED2. This work will involve extensive engagement with a large cross-section of our customer and stakeholder base as well as leveraging the learning gained from RIIO-ED1 and insights from developments elsewhere, including the RIIO-GD2/T2 price controls and the PR19 water price control. The revenues at stake are significant. In RIIO-ED1 UK Power Networks was allowed PS6bn for the period, with a suite of strong incentives, providing the opportunity to earn an additional PS70m per annum. RIIO-ED1 also saw an increase in the totex sharing factor to 53 percent for UK Power Networks. UK Power Networks is seeking a Strategic Partner to assist with: Strategic legal advice having regard to insights from regulatory settlements in the water, gas transmission and distribution, and electricity transmission sectors. We are looking for a partner with broad and in-depth industry knowledge, experience of advising regulated utilities in successfully challenging regulatory decisions where necessary and also in structuring the utility's own submissions so as to minimise the risk of outside challenge.
Options: 1-year extension option available
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-02924a
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/002787-2021
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- Award Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Selective
- Procurement Method Details
- Negotiated procedure with prior call for competition
- Tender Suitability
- Not specified
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79100000 - Legal services
79111000 - Legal advisory services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 11 Feb 20215 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 11 Jan 20215 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- UK POWER NETWORKS (OPERATIONS) LIMITED
- Contact Name
- Patrick Tobin
- Contact Email
- patrick.tobin@ukpowernetworks.co.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- LONDON
- Postcode
- SE1 6NP
- Post Town
- South East London
- Country
- England
-
- Major Region (ITL 1)
- TLI London
- Basic Region (ITL 2)
- TLI4 Inner London - East
- Small Region (ITL 3)
- TLI44 Lewisham and Southwark
- Delivery Location
- TLI London
-
- Local Authority
- Southwark
- Electoral Ward
- St George's
- Westminster Constituency
- Bermondsey and Old Southwark
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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