Ofgem · Awarded contract

Awarded

2026-024 Legal Support for Financial and Insolvency Matters

Awarded 17 Mar 2026

View live tenders

Awarded17 Mar 2026

Value£240,000.00

SupplierHogan Lovells International Llp

AgencyOfgem

RegionUNITED KINGDOM

CategoryConsultancy & Legal

Expires in 1y 4mo1y 12mo term, 32% elapsed

Awarded 17 Mar 2026Expires 15 Mar 2028

About

Following the introduction of the Financial Resilience Principles, Ofgem has been required to assess complex corporate and financial structures of energy suppliers.

This requirement has become even more significant following the introduction of standard licence conditions on 31 March 2025, which oblige suppliers to satisfy both the Capital Floor and Capital Target.

Ofgem therefore requires support from a supplier for short-term legal support services to augment the internal legal team, with a primary focus on delivering specialist technical legal advice in areas where the internal team may lack expertise.

This support will be particularly directed towards advising on complex financial legal matters concerning a supplier's position.

Ofgem will also require legal advice in respect of the practical applicability of enforcement of the Financial Resilience Principles (e.g., dealing with conflicting interpretations of definitions and interpretative analysis).

It may also be necessary for this advice to address strategies for handling risks related to possible supplier insolvency.

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Flexible Employee Benefits Administration Service and Cloud Platform – Ofcom (from July 2027)IT & Software · Closes 30 Nov 2026

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