Yorkshire Water has awarded a framework contract for Regulatory Economics, Price Review Planning and Strategy consultancy services worth an estimated £4.1 million.
Services to be provided under the framework will include a number of specialist consulting services on several regulatory aspects impacting the water company currently or potentially in the future, together with the impact of regulatory finance on Yorkshire Water business.
The framework agreement will run for an initial term of 3 years with the potential to extend for up to a further year.
Individual pieces of work to be provided under the contract will typically include:
- analysis and supporting evidence for regulatory body and government department consultation responses (Ofwat, Environment Agency, Defra, National Infrastructure Commission, HM Treasury, BEIS, etc.).
- regulatory and economic support in the development and delivery of the business plan and price review submissions.
- strategic support for regulatory, competition and markets activities.
- technical support for: regulatory economics, competition economics and law (as relevant for regulated sectors), behavioural and environmental economics.
- technical support in regulatory concepts, including: cost assessment, incentives, risk assessment, wider value assessment (social and natural capital).
- preparation of regulatory positioning papers to support the development of economic, social and/or environmental related policy positions for both internal and external audiences.
- support for YWS on industry working groups through the development of knowledge/position papers and/or the provision of subject expert representation.
- promoting improvement of the regulatory financial model.
Eighteen firms have awarded a place on the framework – a total of 50 companies were in the bidding for the work.
- Ove Arup & Partners Limited
- Baringa Partners LLP
- Cambridge Economic Policy Associates Ltd
- Economic Insights Ltd
- Ernst & Young LLP
- FIRST ECONOMICS LIMITED
- FRONTIER ECONOMICS LIMITED
- FTI CONSULTING LLP
- Grant Thornton LLP
- ICS Consulting Ltd
- Jacobs UK Ltd
- KPMG LLP
- NERA UK Limited
- Oxera Consulting LLP
- PA Consulting Services Limited
- Reckon LLP
- Sia Partners UK PLC
- Turner & Townsend Project Management Limited
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