Award

PS22261 - Introducing Local Markets to Reform Wholesale Electricity Strategy

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

20 Feb 2023 at 16:06

Award Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has awarded a contract for the project titled "Introducing Local Markets to Reform Wholesale Electricity Strategy". The procurement process was initiated through a mini competition under the Crown Commercial Services Research and Insights DPS - RM6126 framework. The project aims to develop models introducing and strengthening locational price signals at a local level within the electricity market to support decarbonisation goals by 2035. The contract value is £60,000, with a tender deadline of October 4, 2022, and a contract period running from October 17 to December 23, 2022.

This contract opportunity offers SMEs a chance to contribute to the transformation of electricity market arrangements towards decarbonisation in the UK. Businesses in the market research services sector with expertise in policy development and energy markets are well-suited to compete. The Department for Business, Energy & Industrial Strategy, as the contracting authority, seeks innovative solutions to drive low carbon technology deployment, enhance flexibility in the electricity system, and ensure security of supply through the development of local market mechanisms.

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Notice Information

Notice Title

PS22261 - Introducing Local Markets to Reform Wholesale Electricity Strategy

Notice Description

***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded following a mini competition under the Crown Commercial Services Research and Insights DPS - RM6126 Brief Description of Requirement We are commissioning a desk-based policy development project to further scope and consider the feasibility of the 'local markets' option that is being considered as part of the Review of Electricity Market Arrangements (REMA) programme. REMA's core objective is to reform GB electricity market arrangements so that they facilitate the full decarbonisation of the electricity system by 2035, subject to security of supply, and are cost effective for consumers. It will do this by looking at various elements of the electricity market arrangements, including the wholesale market, capacity adequacy, low carbon investment, flexibility, and system operability, and by implementing reforms in each of those areas to ensure that our future market arrangements will: - deliver a step change in the rate of deployment of low carbon technologies and reduce our dependence on hydrocarbon imports; - provide the right signals for flexibility across the system; - facilitate consumers to take greater control of their electricity use by rewarding them through improved price signals whilst ensuring fair outcomes; - optimise assets operating at local, regional, and national levels; and - ensure that the security of the system can be maintained at all times. This commission will support the development of one of the more transformative potential reforms to current wholesale market arrangements, specifically, models which can introduce and strengthen locational price signals at the local level through the development of 'local markets'.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-19c86e66-fffe-4985-8364-c33f20d46d1b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aef51952-9d73-44df-bbc6-2a97c432dbf7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79310000 - Market research services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20233 years ago
Submission Deadline
4 Oct 2022Expired
Future Notice Date
Not specified
Award Date
6 Oct 20223 years ago
Contract Period
16 Oct 2022 - 23 Dec 2022 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

CEPA

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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