2021-181 Analytical Support to Deliver Price Cap Update

A Contract Award Notice
by PROACTIS TENDERS LIMITED MYT

Source
Contracts Finder
Type
Contract (Services)
Duration
3.5 month
Value
£756K
Sector
INDUSTRIAL
Published
28 Jan 2022
Delivery
20 Dec 2021 to 31 Mar 2022
Deadline
17 Dec 2021 00:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

Description

In 2018 the Domestic Gas and Electricity (Tariff Cap) act was passed. The Act sets out the framework for a temporary cap on domestic energy standard variable tariffs (SVTs) and default tariffs. It also sets out that Ofgem is responsible for developing and implementing the methodology for setting the level of the cap. Ofgem introduced the methodology for setting the cap via licence conditions in November 2018, and the cap came into force on 1 January 2019. Support is required by Ofgem to provide resource to deliver a number of elements linked to the Statutory deadlines surrounding the price cap update on the 7th February. Ofgem also requires support in analysis and drafting of a Price Cap Reform policy consultation document for publication around 30 January. The consultation is expected to then last around four weeks. The policy consultation will set out detail on Ofgem's main policy options for reforms to the cap to address key challenges relating to wholesale market volatility, including changes to the observation window and the 'evergreen' nature of the cap.

Award Detail

1 Pricewaterhouse Coopers LLP PWC (London)
  • Value: £755,604

CPV Codes

  • 72221000 - Business analysis consultancy services
  • 73220000 - Development consultancy services
  • 73210000 - Research consultancy services
  • 79400000 - Business and management consultancy and related services
  • 79410000 - Business and management consultancy services
  • 79411100 - Business development consultancy services
  • 09000000 - Petroleum products, fuel, electricity and other sources of energy
  • 09300000 - Electricity, heating, solar and nuclear energy
  • 71314000 - Energy and related services
  • 71314200 - Energy-management services

Indicators

  • Contract is suitable for SMEs.

Other Information

NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided https://www.mytenders.co.uk/search/show/search_view.aspx?ID=JAN163567

Reference

Domains