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Contract award record

Energy Retail Markets Legal Advice and Services

Notice details

Published
Category
services
Buyer region
London

Public buyer and contract winner

Public buyer

DESNZ
awarded to

Contract winner

Sharpe Pritchard LLP

Award value£1,750,000

  1. Awarded
    Completed
  2. Start
    Completed
  3. End
    Completed

Work 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.

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Source: Contracts Finder · Notice 586cdaee-d7ed-43ee-ab82-f2ef35080f84-825595

View source notice