Revenue Term Policy Review & Marketing and Investor Engagement Support
Reference ocds-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7 · PROACTIS TENDERS LIMITED MYT
Awarded to Smith Square Partners for £100,000.
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Amounts and figures
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.
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Smith Square Partners | £100,000 | 19 December 2023 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 085244ba-10ff-40eb-aa04-1fabef532f4b-714224 | 23 January 2024 |
| Contracts Finder | 085244ba-10ff-40eb-aa04-1fabef532f4b-714224 | 23 January 2024 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 1 November 2023. 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 £100,000.
- Who is the buyer of this tender?
- The contracting authority is PROACTIS TENDERS LIMITED MYT (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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