Levelisation Audit Support

Concepts

• auditing services
• internal audit
• statutory audit
• levelisation audit support
• levelisation
• the standing charge levelisation process
• a levelisation allowance
• the standing charge levelisation
• audit
• ofgem

Location

Description

The 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.

Award Detail

CPV Codes

• 79212000 - Auditing services
• 79212200 - Internal audit services
• 79212300 - Statutory audit services

Indicators

• Contract is suitable for SMEs.

Other Information

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