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Awarded United Kingdom Services

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

£100,000
Estimated value

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 toAmountDate
Smith Square Partners £100,000 19 December 2023

Official publications

MediumReferenceDate
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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Data collected from official public procurement sources. Amounts as published by the buyer.