Legal Advice on Energy Retail Market Insolvency and Supplier of Last Resort Processes
DESNZ · Awarded contract
AwardedLegal Advice on Energy Retail Market Insolvency and Supplier of Last Resort Processes
Awarded 10 Jan 2025
Ended 10mo ago1y term
Awarded 10 Jan 2025Expired 10 Jan 2026
About
DESNZ awarded a contract to Sharpe Pritchard LLP and Mills & Reeve LLP for the provision of legal advice concerning electricity and gas supplier financial difficulties, insolvencies, and subsequent government response.
The scope includes the Supplier of Last Resort (SoLR) process, requirements for a Special Administration Regime (SAR), and wider considerations related to supplier failure and market stability.
The contract, valued at £1,750,000, requires short-notice legal work ahead of the actual initiation of a SAR, as delays risk a disorderly market exit and disruption to energy supply.
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Legal Advice on Energy Retail Market Insolvency and Supplier of Last Resort Processes
Won by Sharpe Pritchard LLP,Mills & Reeve LLP · DESNZ
£1.8Mawarded
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