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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Ofgem |
| Main Category: | Services |
| Procurement Method: | Open procedure |
| Tender Status: | Closed |
| Estimated Value (ex. VAT): | £600,000 |
| Release Date: | 4 April 2025 |
| Application Deadline: | 1 January 2025 |
| Contract Start Date: | 2 April 2025 |
| Contract End Date: | 2 April 2028 |
| Contract Duration: | 3.1 years |
| Procurement ID (OCID): | ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622 |
| Notice Reference: | 50a611b4-abef-49a7-a755-e12ff1dfdee9-838729 |
View Original Notice
Access the full notice on the official portal
Awarded to
| Award value: | £600,000 |
| Award decision date: | 1 April 2025 |
| Award status: | Active |
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.
Published contracts in the last 12 months
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Application Deadline
1 January 2025
Closed
Estimated Value
£600,000
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