RFP QuestBeta
ClosedStage · contract

Ofgem

Levelisation Audit Support

Business ServicesCPV 79000000 79200000 79210000 79212000
Value£50k
Deadline1 Jan 2024
Published18 Nov 2024
RegionUK-wide
Timeline
Published 18 Nov 2024ClosedCloses 1 Jan 2024
Contract value in context
£50ktotal contract value
median £66k
this tender£0£1.6m

This sits in the lower-middle of the Business Services band — a mid-scale opportunity. Based on 57,319 valued Business Services tenders in our corpus.

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The brief

The Standing Charge Levelisation process is designed to equalise the cost of energy standing charges between prepayment and non-prepayment customers, via a Levelisation Allowance in the Price Cap.

It is supported by a supplier reconciliation by difference mechanism to support suppliers' ability to recover efficient costs.

Calculations involving the Price Cap are performed by Ofgem.

The Retail Energy Code Company (RECCo) are responsible for reconciliation related calculations.

Both RECCo and Ofgem have developed jointly owned systems and processes that manage the timing and responsibility for undertaking these calculations.

Levelisation has been classed as imputed tax and spend, and the financial flows will be recorded in Ofgem's accounts.

Support is therefore required from a supplier to carry out an agreed upon procedures review of Levelisation.

Key requirements

What the supplier must deliver

01

It is supported by a supplier reconciliation

It is supported by a supplier reconciliation by difference mechanism to support suppliers' ability to recover efficient costs.

02

The Retail Energy Code Company (RECCo) are

The Retail Energy Code Company (RECCo) are responsible for reconciliation related calculations.

03

Support is therefore required from a supplier

Support is therefore required from a supplier to carry out an agreed upon procedures review of Levelisation.

Derived from the notice text — always confirm against the original documents.

Buyer intelligence

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Source & provenance
OCID
c7cad57d-d9d6-435d-a652-7030fb8bde88
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
MT233256
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

Market context

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