Levelisation Audit Support
Reference ocds-b5fd17-063bfa0a-4f01-4689-9f91-b42fa49c1936 · Ofgem
Awarded to FORVIS MAZARS LLP for £50,000.
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Amounts and figures
Description
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.
Awards
| Awarded to | Amount | Date |
|---|---|---|
| FORVIS MAZARS LLP | £50,000 | 17 October 2024 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | c7cad57d-d9d6-435d-a652-7030fb8bde88-803531 | 18 November 2024 |
| Contracts Finder | c7cad57d-d9d6-435d-a652-7030fb8bde88-803531 | 18 November 2024 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 1 January 2024. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £50,000.
- Who is the buyer of this tender?
- The contracting authority is Ofgem (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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