PS.

Economic Consultants for Long Duration Energy Storage (LDES)

OfgemcontractContracts Finder ↗Ref MT234265SME suitablecomplete

Estimated value

£600k

Awarded value

£600k

Awarded 01 Apr 2025

Suppliers

1

Lots

1

1 awarded

Published

04 Apr 2025

Deadline 01 Jan 2025

Description

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.

Scope

Reference
MT234265
Total value
£600,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
02 Apr 2025 to 01 Apr 2028
CPV classifications
66171000 09300000 71314000
Particular suitability
Small and medium-sized enterprises (SME)

Submission & procedure

Submission deadline
01 Jan 2025, 12:00 am

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£600k

Award date

01 Apr 2025

Contract start

02 Apr 2025

Contract end

01 Apr 2028

Awarded to
CL
Cepa Llp