Expired contract

Levelisation Audit Support

Details

Buyer: Office of Gas and Electricity Markets (Ofgem)
Supplier(s): FORVIS MAZARS LLP
Value: £50,000
Duration: 5 months
Topic: Auditing services
Published: 18 November 2024
Source: uk:contracts_finder

Tender 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.

Timeline

Completed: Award date21 October 2024
Completed: Award published18 November 2024
Current notice
Completed: Contract expiry date31 March 2025

About the buyer

Office of Gas and Electricity Markets (Ofgem) is Britain's energy regulator, a non-ministerial government department. Tenders appear on Ofgem's own tendering portal, alongside Contracts Finder and the Find a Tender Service. Most goods and services are bought through Crown Commercial Service frameworks, chiefly its Energy and Economic Services and Advice agreement. Ofgem then runs a further competition or awards work directly to a supplier on the relevant lot. Lots span gas and electricity engineering, distributed energy resources, and economic and financial advice. Smaller businesses are encouraged to bid, with technical ability weighed alongside value for money.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of Ofgem's contract awards have been in business services, software and information systems, and IT services.

Relevant CPV codes

79212000 · Auditing services
79212200 · Internal audit services
79212300 · Statutory audit services

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@office-of-gas-and-electricity-markets-ofgem.gov
Commercial Director	+44 •••• ••••••	••••••••@office-of-gas-and-electricity-markets-ofgem.gov
Procurement Manager	+44 •••• ••••••	••••••••@office-of-gas-and-electricity-markets-ofgem.gov
Category Lead	+44 •••• ••••••	••••••••@office-of-gas-and-electricity-markets-ofgem.gov
Senior Buyer	+44 •••• ••••••	••••••••@office-of-gas-and-electricity-markets-ofgem.gov
Contracts Manager	+44 •••• ••••••	••••••••@office-of-gas-and-electricity-markets-ofgem.gov