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Awarded

Energy Retail Markets Legal Advice and Services

Published

Supplier(s)

Sharpe Pritchard LLP, Mills & Reeve LLP

Value

1,750,000 GBP

Description

Provision of legal advice in relation to electricity and gas supplier financial difficulties, insolvencies and subsequent government response which may include, but not be limited to: the Supplier of Last Resort (SoLR) process, requirements for a Special Administration Regime (SAR) and wider considerations related to supplier failure and market stability. In the case of a SAR, this would need to be established very quickly, and short notice legal work would be required ahead of the actual initiation of a SAR. Any delay accessing legal support under such circumstances risks a disorderly exit from the market, risking the continued supply of energy to customers, and having wider repercussions on retail and wholesale markets.

Timeline

Award date

a month ago

Publish date

today

Buyer information

Department for Energy Security & Net Zero

Contact:
Mercedes Ekanem
Email:
mercedes.ekanem@energysecurity.gov.uk

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