---
title: "Economic Consultants for Long Duration Energy Storage (LDES)"
ocid: "ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2025-04-04"
---

# Economic Consultants for Long Duration Energy Storage (LDES)

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622)  
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## Summary

Ofgem, located in London, England, has completed the procurement process for economic consultancy services related to Long Duration Energy Storage (LDES). The contract, titled "Economic Consultants for Long Duration Energy Storage (LDES)," falls under the Financial consultancy services industry category (CPV 66171000) with additional classifications in electricity and energy-related services. The contract, valued at £600,000, was awarded to Cepa Llp. This open procedure aimed to secure specialist economic support for developing and executing a cap and floor regime for LDES investments. The procurement process began with the tender period ending on 1 January 2025, followed by the contract period running from 3 April 2025 to 2 April 2028.

This tender represents significant opportunities for businesses specialising in financial consultancy and energy-related services, particularly those with expertise in economic and policy advice. SMEs are particularly encouraged to engage, as the suitability criteria favour small and medium-sized enterprises. Companies with a strong understanding of regulatory frameworks and energy storage investments can leverage this contract to expand their market presence and contribute to shaping energy policies. The extensive geographical scope, covering British Overseas Territories, Channel Islands, Europe, Isle of Man, and the United Kingdom, offers a broad operational footprint for potential suppliers.

## Notice

Ofgem require a supplier with specialist economic support to provide economic and financial policy advice on the regulatory regime design of a new cap and floor regime to support investment in Long Duration Electricity Storage (LDES). To support Ofgem's work on both developing and running efficient processes to make decisions around awarding "cap and floor" support, the supplier will provide economic support in relation to policy and delivery.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/50a611b4-abef-49a7-a755-e12ff1dfdee9 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Apr 2025 |
| Submission deadline | 1 Jan 2025 |
| Future notice date | Not specified |
| Award date | 1 Apr 2025 |
| Contract period | 2 Apr 2025 - 2 Apr 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £600,000 |
| Lots value | Not specified |
| Awards value | £600,000 |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CEPA |

## CPV Codes

### Divisions

- 09 - Petroleum products, fuel, electricity and other sources of energy
- 66 - Financial and insurance services
- 71 - Architectural, construction, engineering and inspection services

### Codes

- 09300000 - Electricity, heating, solar and nuclear energy
- 66171000 - Financial consultancy services
- 71314000 - Energy and related services

## Release History

- 4 Apr 2025 at 16:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/50a611b4-abef-49a7-a755-e12ff1dfdee9

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/50a611b4-abef-49a7-a755-e12ff1dfdee9
  4th April 2025 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=APR169605
  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-e81b0522-efda-418d-ba4e-d85288b41622. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622.json.