--- title: "The budget value is commercially sensitive." ocid: "ocds-h6vhtk-036040" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-036040" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-036040.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-036040.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY" published: "2022-08-19" --- # The budget value is commercially sensitive. Buyer: DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY Current stage: Planning OCID: ocds-h6vhtk-036040 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-036040) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-036040.json) ## Summary The Department for Business, Energy & Industrial Strategy (BEIS) is planning a procurement process related to services in the business services industry category. This tender involves the creation of a publicly-owned Independent System Operator and Planner within the energy sector, with a budget value that is commercially sensitive. The contract is expected to run until the transaction is completed after Royal Assent of the Energy Bill, expected in Spring/Summer 2023. BEIS is seeking corporate finance advisors to support the transfer of the Electricity System Operator and gas planning functions into public ownership, requiring expertise in regulated infrastructure M&A and working with government on complex projects. An online market engagement session is scheduled for September 2022. This procurement process by BEIS presents an opportunity for businesses experienced in corporate finance advisory services, especially those with expertise in regulated infrastructure M&A and working with government on large projects, particularly in the energy sector. Businesses interested in supporting the delivery of projects with significant social value and experience in advising clients on regulatory finance issues are encouraged to participate. The tender, expected to be open for bidding, will require demonstrable examples of relevant experience in infrastructure M&A, regulatory finance, and collaboration with governments on similar projects. This opportunity can be a strategic growth option for businesses aiming to expand their presence in the energy sector and contribute to projects with national importance. ## Notice The budget value is commercially sensitive. ### Lot Information Lot 1 As part of the work to deliver net zero, BEIS is running a project to consider the future of system operation and wider governance in the energy sector. This includes creating a publicly-owned Independent System Operator and Planner ("ISOP") from a combination of the Electricity System Operator ("ESO"), currently owned by National Grid plc, and the planning functions from the Gas System Operator ("GSO"), which are part of National Grid Gas currently owned by National Grid plc and in the process of being sold to a consortium of Macquarie Group Ltd and British Columbia Investment Management Corporation. BEIS set out this position in its response to a 2021 consultation (https://www.gov.uk/government/consultations/proposals-for-a-future-system-operator-role) and has introduced the Energy Bill (https://bills.parliament.uk/bills/3311) on 6 July 2022 to give the Government the power to enact these proposals. The Energy Bill will enable the transactions into Government ownership of the ESO and the planning functions of the GSO, as well as establish the ISOP. The transactions will be a key part of a complex project that will also include setting up governance for an HMG arm's length body, an update of the energy codes and Ofgem updating the relevant licences to reflect the ISOP. BEIS is looking to procure corporate finance advisors to support the Department with the transfer of the ESO and gas functions into public ownership. The scope of work will include requirements regarding valuation, deal structuring, negotiations, transaction documentation and support for the Department in preparing internal decision-making papers. This is a great opportunity to support the delivery of a project with an important social value and we look forward to hearing from you to discuss further. Additional information: Evaluation criteria for the tender is being finalised, but is expected to require bidders to demonstrate relevant examples of experience working in regulated infrastructure M&A, advising clients on regulatory finance issues and working with Government on large and complex projects. It is expected to also ask bidders to demonstrate any relevant expertise of the energy sector. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/023086-2022 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 19 Aug 2022 | | Submission deadline | Not specified | | Future notice date | 9 Oct 2022 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planned | | Lots status | Planned | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY | | Locality | LONDON | | Post town | Not specified | | Postcode | N/A | | Country | Not specified | | ITL 1 | Not specified | | ITL 2 | Not specified | | ITL 3 | Not specified | | Local authority | Not specified | | Electoral ward | Not specified | | Westminster constituency | Not specified | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79000000 - Business services: law, marketing, consulting, recruitment, printing and security ## Release History - 19 Aug 2022 at 10:01 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/023086-2022 ## Notice URLs - https://bills.parliament.uk/bills/3311 - https://www.gov.uk/government/consultations/proposals-for-a-future-system-operator-role - https://www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy ## 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-h6vhtk-036040. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-036040.json.