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One or more suppliers on this contract have also made political donations. See supplier details below.
Ofgem require consultants to conduct work related to the Revenue Term policy for the Offshore Transmission Owner (OFTO) Regime which has evolved over a series of tender rounds. Prior to Tender Round 6 TR6, the policy was a ~ 20-year Tender Revenue Stream (TRS). Since TR6, the revenue term has increased to ~ 25 years (the exact term can vary project to project).
There has been a number of considerations that have impacted Ofgem's choice of the appropriate revenue term policy for OFTO, notably:
the expected life of offshore windfarms;
the expected technical life of OFTO assets;
precedent of the revenue term in other contexts (e.g. Private Finance Initiative);
the attractiveness of different revenue terms to different financing solutions.
Ofgem required a study to be created that reviewed the impact of moving to a 30-year (or longer) TRS.
| Supplier | Identifier | Award Value | Cross-References |
|---|---|---|---|
| Smith Square Partners Llp | OC357682 | £100,000 | DONOR£16K across 3 donations To: Conservative and Unionist Party |
Government spending data: This supplier has received £2,992,848 in 57 payments (over £25k) from Ofgem (2021-01-05 to 2026-02-26). View full payment history →