Energy Retail Markets Legal Advice and Services

A Contract Award Notice
by DESNZ

Source
Contracts Finder
Type
Contract (Services)
Duration
1 year
Value
£2M
Sector
BUSINESS
Published
12 Feb 2025
Delivery
10 Jan 2025 to 10 Jan 2026
Deadline
22 Nov 2024 12:00

Concepts

Location

Geochart for 1 buyers and 2 suppliers

1 buyer

2 suppliers

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.

Award Detail

1 Sharpe Pritchard (London)
  • Value: £1,750,000
2 Mills & Reeve (London)
  • Value: £1,750,000

CPV Codes

  • 79100000 - Legal services

Indicators

  • Contract is suitable for SMEs.

Other Information

n/a 0.1 Sharpe Pritchard (Primary Supplier) - Contract RM6179 - Energy Retail Markets Legal Advice and Services ITT_1819; PRJ_4462_Redacted_New.pdf n/a 0.1 Sharpe Pritchard LLP - con_7273 - Variation Form 001.pdf n/a 0.2 Mills & Reeve (Secondary Supplier) - Contract RM6179 - Energy Retail Markets Legal Advice and Services ITT_1819; PRJ_4462_Redacted_New.pdf n/a 0.2 Mills & Reeve LLP - con_7274 - Variation Form 001.pdf

Reference

Domains