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Energy Retail Markets Legal Advice and Services

DESNZ

Buyer Contact Info

Buyer Name: DESNZ

Buyer Address: Department of Energy Security & Net Zero ,3-8 Whitehall Place,, London, SW1A 2EG, England

Contact Name: Mercedes Ekanem

Contact Email: mercedes.ekanem@energysecurity.gov.uk

Status
complete
Procedure
selective
Value
1750000.0 GBP
Published
12 Feb 2025, 11:35
Deadline
22 Nov 2024, 12:00
Contract Start
10 Jan 2025, 00:00
Contract End
10 Jan 2026, 23:59
Category
services
CPV
79100000 - Legal services
Region
n/a
Awarded To
Sharpe Pritchard LLP, Mills & Reeve LLP
Official Source
Open Contracts Finder

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.

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Opportunity Context

Raw Notice JSON

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