Revenue Term Policy Review & Marketing and Investor Engagement Support
key details
| Value | £100,000 |
|---|---|
| Status | complete |
| Category (CPV) | 66171000 +2 more |
| Deadline | 1 Nov 2023 |
| Contract start | 21 Dec 2023 |
| Contract end | 20 Dec 2024 |
| Procedure | open |
| SME suitable | Yes |
| OCID | ocds-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7 |
Award
| Supplier | Value | Date | Status |
|---|---|---|---|
| Smith Square Partners Llp | £100,000 | 19 Dec 2023 | active |
description
Ofgem require consultants to conduct work related to the Revenue Term policy for the Offshore Transmission Owner (OFTO) Regime which has evolved over a series of tender rounds. Prior to Tender Round 6 TR6, the policy was a ~ 20-year Tender Revenue Stream (TRS). Since TR6, the revenue term has increased to ~ 25 years (the exact term can vary project to project).
There has been a number of considerations that have impacted Ofgem's choice of the appropriate revenue term policy for OFTO, notably:
the expected life of offshore windfarms;
the expected technical life of OFTO assets;
precedent of the revenue term in other contexts (e.g. Private Finance Initiative);
the attractiveness of different revenue terms to different financing solutions.
Ofgem required a study to be created that reviewed the impact of moving to a 30-year (or longer) TRS.
notice history
1 notice published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 23 Jan 2024 | Award (award) | · | 085244ba-10ff-40eb-aa04-1fabef532f4b-714224 |
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source
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