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Tender Details
- Country: United Kingdom
- Summary: Professional Advisory Services to Support Ofgem's Ofto Team
- GBT Ref No: 56763854
- Deadline: 27 Sep 2021
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: -
- Tender Value: 640000
- Notice Type: Tender
- Document Ref. No.: MT223767
- Purchaser's Detail :
- Description :
- Title : Professional Advisory Services to Support OFGEM's OFTO Team
Location Of Contract : Any region
Industry : Business and management consultancy services - 79410000
Value Of Contract : £640,000
Description : OFTO licences, granted through the competitive process, confer certain rights and responsibilities on OFTOs, including the right to a regulated revenue stream for a defined period in return for provision of transmission services.Through the tender process, interested parties have the opportunity to bid to become an OFTO. The offshore transmission assets that the OFTO takes ownership of are acquired at a transfer value determined by the Authority. Following transfer of ownership, the OFTO owns and manages the transmission assets (including the cables and associated connection equipment) between the offshore point of connection with the generator and the point of connection with the onshore network.Following the transfer of ownership, the OFTO is required to comply with the licence conditions. The revenue stream also includes mechanisms which adjust the OFTO's regulated revenue stream for certain 'pass-through' items. The Income Adjusting Event (IAE) is one such 'pass-through' revenue adjustment mechanism for costs and expenses that have arisen during the revenue term, for example, due to fault or failure of the system (subject to defined pre-requisites), or at the Authority's discretion. The Authority is respon... - Documents :
Purchaser : OFGEM
10 South Colonnade, Canary Wharf London E14 4PU England
Email :procurement2@ofgem.gov.uk
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