Contract award · 1 Sep 2026

2026-021 Econometrics and Economic Analysis

Ofgem awarded “Econometrics and Economic Analysis” to Cepa LLP for £3m on 1 Sep 2026.

IT servicesLondon

BuyerOfgem
Value £3m
WinnerCepa LLP

Open competition

Open procedure: the contract was advertised and any supplier could submit a bid.

Key facts

Buyer
Ofgem · Body governed by public law
Supplier
Cepa LLP
Value
£3,000,000
Procedure
Open procedure
Sector
IT services · Business analysis consultancy services (CPV 72221000)
Region
London
Timeline
  1. Contract date1 Sep 2026
  2. Published23 Sep 2026Published 22 days after the contract date

Description

Ofgem is seeking a consultancy or consortium to act as a strategic analytical partner to provide specialist economic, econometric and cost modelling advice to support the development and delivery of the ED3 electricity distribution price control, with additional call-off support for RIIO3 and preparatory work for the future RIIO4 framework where required. Under this contract, the supplier will provide specialist economic and econometric support to enable the development and delivery of ED3. This includes advising on the framework, reviewing methodological choices, and supporting Ofgem's cost assessment and detailed scrutiny of network company business plans. The supplier will evaluate the efficiency and justification of proposed expenditure and outputs, assess how companies address uncertainty and scenario driven cost variations, and test the coherence and deliverability of business plans. They may also support the design and calibration of outputs, incentives and uncertainty mechanis…

About the supplier

More from Ofgem

All contracts

More won by Cepa LLP

All contracts

Recent IT services contracts

Sector overview