# Price Cap - True Up

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Ofgem](/buyers/ofgem/contract-awards)
- Contract winner: [Pricewaterhouse Coopers Llp \(Pwc\)](/contract-winners/pricewaterhouse-coopers-llp-pwc/public-sector-contract-awards)
- Award value: £266,616
- Tender value: £266,616
- Award date: 17 November 2021
- Published: 25 November 2021
- Contract start: 18 November 2021
- Contract end: 17 June 2022
- Stage: awarded
- Procurement category: services
- Notice ID: 053c489e-5958-40ad-845b-55fe72f7eb72-488964
- OCID: ocds-b5fd17-89b3f0d0-c4f1-4f4f-a3e3-b42fab07cac2

## Description

This contract is for a team to work on the default tariff cap - specifically to assist with the appropriate level for the COVID debt cost allowance, taking into account the debt costs actually experienced by suppliers, and the amounts recovered through the cap\. This process is termed the "true-up"\. This work will feed into a decision at the start of August 2022\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/053c489e-5958-40ad-845b-55fe72f7eb72-488964)