Awarded contract

Economic Consultants for Long Duration Energy Storage (LDES)

Details

Supplier(s)
CEPA LLP
Value
£600,000
Duration
3 years
Topic
Electricity, heating, solar and nuclear energy
Published
4 April 2025

Tender 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.

Timeline

  1. Completed: Award date3 April 2025
  2. Completed: Award published4 April 2025
    Current notice
  3. Next: Contract expiry date2 April 2028in 2 years

About the buyer

Office of Gas and Electricity Markets (Ofgem) is Britain's energy regulator, a non-ministerial government department. Tenders appear on Ofgem's own tendering portal, alongside Contracts Finder and the Find a Tender Service. Most goods and services are bought through Crown Commercial Service frameworks, chiefly its Energy and Economic Services and Advice agreement. Ofgem then runs a further competition or awards work directly to a supplier on the relevant lot. Lots span gas and electricity engineering, distributed energy resources, and economic and financial advice. Smaller businesses are encouraged to bid, with technical ability weighed alongside value for money.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of Ofgem's contract awards have been in business services, software and information systems, and IT services.

Relevant CPV codes

  • 09300000 · Electricity, heating, solar and nuclear energy
  • 66171000 · Financial consultancy services
  • 71314000 · Energy and related services

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Decision makers

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