# Ofgem 2021-191 Analytical Support and Economic Advice on Retail Resilience

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

## Key facts

- Public buyer: [Ofgem](/buyers/ofgem/contract-awards)
- Contract winner: Nera Uk Ltd
- Award value: £177,000
- Tender value: £177,000
- Award date: 16 February 2022
- Published: 23 February 2022
- Contract start: 16 February 2022
- Contract end: 15 August 2022
- Stage: awarded
- Procurement category: services
- Notice ID: a97ba18f-c825-410c-82cd-43df91f6275f-512996
- OCID: ocds-b5fd17-c59f4448-86a8-4222-84e3-ace36ec1f8ee

## Description

The role of this contract is to provide economic advice and analytical support to inform Ofgem's approach to delivering its retail financial resilience action plan - in particular actions 9 and 10\. Actions 9 and 10 relate to mutualisation risk associated with renewable obligation \(RO\) payments and credit balances and developing a stronger regulatory framework for supplier financial resilience\. This will require the supplier to: \* Provide analysis and modelling on retail market related data to inform Ofgem's policy development - including wholesale prices, hedging strategies and mutualisation costs \* Quantify the costs and benefits of potential policy options to inform resolution of issues such as costs of supplier failure \* Advise on economic theory and concepts, and offer potential approaches to resolving problems - as they relate to the issues in scope of this project\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/a97ba18f-c825-410c-82cd-43df91f6275f-512996)