Economic Consultants for Long Duration Energy Storage (LDES)

Ofgem
Open procedure
3 April 2025 to 2 April 2028

The supplier provides economic and financial policy advice regarding the design and implementation of a cap and floor regulatory regime for Long Duration Electricity Storage (LDES). The work involves developing and running efficient processes to support decision-making for awarding support mechanisms, requiring expertise in energy market regulation and financial policy delivery.

Open the official notice

Awarded value: £600k; As published
Published: 4 April 2025; Contracts Finder
Awarded: 2 April 2025; CEPA
Contract length: 36 months; Ends 2 April 2028

What the buyer is asking for

Provision of specialist economic and financial policy consultancy services to support regulatory regime design for energy infrastructure investment projects.

Category: Financial consultancy services

Lifecycle

Publishedon Contracts Finder
4 April 2025
Contract awardedto CEPA
2 April 2025
Contract starts
3 April 2025
Contract ends
2 April 2028

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The buyer

Type: Other public body
Competition economics contracts, 24 months: 6
Open competition economics tenders: 0
Typical competition economics contract: £205k

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How it compares

7.6× the typical competition economics contract (£79k).

Cite this contract

Link: https://bidskim.com/tender/288900/economic-consultants-for-long-duration-energy-storage-ldes
Buyer reference: MT234265
Open contracting ID: ocds-b5fd17-e81b0522-efda-418d-ba4e-d85288b41622
Source: Contracts Finder
Last checked: 12 October 2026

Ofgem. Economic Consultants for Long Duration Energy Storage (LDES). Contract award, 4 April 2025. BidSkim, https://bidskim.com/tender/288900/economic-consultants-for-long-duration-energy-storage-ldes (accessed 12 October 2026).