2021-181 Analytical Support to Deliver Price Cap Update
Key facts
- Contract value
- £755,604
- Awarded
- 17 Dec 2021
- Contract starts
- 20 Dec 2021
- Contract ends
- 31 Mar 2022
- Procedure
- Open procedure (above threshold)
- Buyer type
- Other public body
Awarded to
| Supplier | Value |
|---|---|
| PRICEWATERHOUSECOOPERS LLP | £755,604 |
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.
Categories (CPV)
- 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
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