News & insights
Date: June 2026 | Client: Ofgem | Sector: Energy | Energy markets | Expertise: Modelling
Financial adviser for offshore transmission owner evaluations
CEPA was appointed, as part of a consortium of financial advisory firms led by Smith Square Partners, as financial adviser to Ofgem on the competitive tender process to select the Offshore Transmission Owner (OFTO) for TR7-TR13 tender rounds. CEPA provided evaluation of the financial and economic bids, across the enhanced pre-qualification and Invitation to Tender phases.
Under this contract, CEPA provided additional financial and economic advice (including modelling) on various policy topics. This included the development of end of tender revenue stream policy, value for money analysis, OFTO of last resort, OFTO build and advice on process improvements. CEPA supported on investor engagement / marketing, procurement design, preferred bidder advice, training and bidder feedback sessions.
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