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Published 4 Apr 2025

Contracts Finder notice

Economic Consultants for Long Duration Energy Storage (LDES)

Official notice

Authority: Ofgem

Open procedure
CPV: Financial consultancy services (66171000)
Published contract value£600,000Exc. VAT
Contract ends 2 Apr 2028
Awarded to Cepa Llp
Contract starts 3 Apr 2025

What is being bought

Published requirement 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.

Published procurement details

Procedure
Open procedure
Buyer reference
MT234265
Category
Services
Tender status
Complete
Award status
Active
Suitable for SMEs
Yes
Suitable for voluntary, community and social enterprises
No
Tender deadline
Procurement method
Open
Additional classifications 1: Reference
09300000
Additional classifications 1: Scheme
CPV
Additional classifications 1: Description
Electricity, heating, solar and nuclear energy
Additional classifications 2: Reference
71314000
Additional classifications 2: Scheme
CPV
Additional classifications 2: Description
Energy and related services
Item 1: Delivery locations as published
British Oversea Territories; Channel Islands; Europe; Isle of Man; Rest of the World; United Kingdom

Key dates

Published dates
  1. Award decision
    2 Apr 2025
  2. Contract starts
    3 Apr 2025
  3. Notice published
    4 Apr 2025
  4. Contract ends
    2 Apr 2028

Contracting authority & participating public bodies

  • OfgemContracting authority 10 South Colonnade, Canary Wharf, London, E14 4PU, EnglandContact name, email, phone
    URL
    http://www.ofgem.gov.uk

Suppliers named on the notice

  • Cepa LlpSupplier Queens House, 55-56 Lincoln'S Inn Fields, London
    Identifier
    OC326074 · GB-COH

Official documents & specifications (2)

Official links; attachments are not copied

Notices published for this procedure

Source record

Source
Contracts Finder
Notice language
en
Release reference
ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622-2025-04-04T17:45:05+01:00
Published
4 Apr 2025
Latest update
4 Apr 2025
Procedure reference
ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622
Contract reference
ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622-1