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Tenfell
Closed tender
Published 18 Jan 2022

Ofgem 2021-191 Analytical Support and Economic Advice on Retail Resilience

OFGEM · London

Key facts

Estimated value
£170,000
Closing date
01 Feb 2022
Contract starts
14 Feb 2022
Contract ends
13 Aug 2022
Procedure
Open procedure (below threshold)
Buyer type
Central government

Description

The role of this Contract is to provide economic advice and analytical support to inform Ofgem's approach to delivering its retail financial resilience action plan - in particular actions 9 and 10. Actions 9 and 10 relate to mutualisation risk associated with renewable obligation (RO) payments and credit balances and developing a stronger regulatory framework for supplier financial resilience. This will require the successful tenderer to: * Provide analysis and modelling on retail market related data to inform Ofgem's policy development - including wholesale prices, hedging strategies and mutualisation costs * Quantify the costs and benefits of potential policy options to inform resolution of issues such as costs of supplier failure * Advise on economic theory and concepts, and offer potential approaches to resolving problems - as they relate to the issues in scope of this project. Please see attached 2021-191 Analytical Support and Economic Advice on Retail Resilience ITT document for further information.

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