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ocds-b5fd17-063bfa0a-4f01-4689-9f91-b42fa49c1936Published facts
c7cad57d-d9d6-435d-a652-7030fb8bde88-803531The Standing Charge Levelisation process is designed to equalise the cost of energy standing charges between prepayment and non-prepayment customers, via a Levelisation Allowance in the Price Cap. It is supported by a supplier reconciliation by difference mechanism to support suppliers' ability to recover efficient costs. Calculations involving the Price Cap are performed by Ofgem. The Retail Energy Code Company (RECCo) are responsible for reconciliation related calculations. Both RECCo and Ofgem have developed jointly owned systems and processes that manage the timing and responsibility for undertaking these calculations. Levelisation has been classed as imputed tax and spend, and the financial flows will be recorded in Ofgem's accounts. Support is therefore required from a supplier to carry out an agreed upon procedures review of Levelisation.
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Award notice observed
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c7cad57d-d9d6-435d-a652-7030fb8bde88-803531Awards and suppliers
Buyer: OfgemSupplier: Mazars LLP
ocds-b5fd17-063bfa0a-4f01-4689-9f91-b42fa49c1936-1End dates, recurrence wording and links are shown as they appear in public notices. They do not create a new opportunity. If no later linked record appears here, that means Bidwake did not find one in the records it has loaded; it does not prove that none exists.