Ofgem · Awarded contract

Awarded

Financial Advisory Services for Offshore Transmission Tender Round 12 (TR12)

Awarded 13 Feb 2025

View live tenders

Awarded13 Feb 2025

Value£870,000.00

SupplierSmith Square Partners

AgencyOfgem

RegionUnited Kingdom

CategoryConsultancy & Legal

Expires in 1y 11mo3y 8mo term, 47% elapsed

Awarded 13 Feb 2025Expires 11 Oct 2028

About

Ofgem awarded a contract to Smith Square Partners for financial consultancy support services for the Offshore Transmission Tender Round 12 (TR12).

The services include advice on market capacity, funding models, financial parameters such as indexation policy, input to tender questionnaire criteria and documentation, evaluation of bidder submissions, and financial assessment to appoint an Offshore Electricity Transmission (OFTO).

The contract also covers cost assessment reviews of OFTO assets, including Initial Transfer Value, Indicative Transfer Value (ITV), and Final Transfer Value (FTV).

The contract value is AUD 870,000.

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