---
title: "Price Cap - True Up"
ocid: "ocds-b5fd17-89b3f0d0-c4f1-4f4f-a3e3-b42fab07cac2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-89b3f0d0-c4f1-4f4f-a3e3-b42fab07cac2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-89b3f0d0-c4f1-4f4f-a3e3-b42fab07cac2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-89b3f0d0-c4f1-4f4f-a3e3-b42fab07cac2.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2021-11-25"
---

# Price Cap - True Up

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-89b3f0d0-c4f1-4f4f-a3e3-b42fab07cac2

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## Summary

The procurement process is led by Ofgem, focusing on the "Price Cap - True Up" tender. This initiative falls under the business analysis consultancy services category and is located in London, United Kingdom. The contract value is £266,616, with the award date recorded as 17 November 2021. The contract period spans from 18 November 2021 to 17 June 2022. The tender was conducted via an open procurement method and has reached the award stage.

This tender presents significant opportunities for consultancy firms, particularly those specialising in business analysis and management consultancy services. Companies that can demonstrate expertise in handling tariff cap assessments and COVID-related debt cost analyses would be especially well-suited to compete. The involvement in this kind of advisory work not only fosters business growth but also enhances firms' profiles within the public sector, potentially leading to future contract opportunities.

## Notice

This contract is for a team to work on the default tariff cap - specifically to assist with the appropriate level for the COVID debt cost allowance, taking into account the debt costs actually experienced by suppliers, and the amounts recovered through the cap. This process is termed the "true-up". This work will feed into a decision at the start of August 2022.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/053c489e-5958-40ad-845b-55fe72f7eb72 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Nov 2021 |
| Submission deadline | 1 Jan 2021 |
| Future notice date | Not specified |
| Award date | 17 Nov 2021 |
| Contract period | 18 Nov 2021 - 17 Jun 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £266,616 |
| Lots value | Not specified |
| Awards value | £266,616 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | OFGEM |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | PRICEWATERHOUSE COOPERS LLP (PWC |

## CPV Codes

### Divisions

- 72 - IT services: consulting, software development, Internet and support
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 72221000 - Business analysis consultancy services
- 79400000 - Business and management consultancy and related services
- 79410000 - Business and management consultancy services
- 79411000 - General management consultancy services
- 79411100 - Business development consultancy services

## Release History

- 25 Nov 2021 at 17:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/053c489e-5958-40ad-845b-55fe72f7eb72

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/053c489e-5958-40ad-845b-55fe72f7eb72
  25th November 2021 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=NOV163204
  NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

## Notice URLs

- http://www.ofgem.gov.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-89b3f0d0-c4f1-4f4f-a3e3-b42fab07cac2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-89b3f0d0-c4f1-4f4f-a3e3-b42fab07cac2.json.