Economic Consultants for Long Duration Energy Storage (LDES)
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