Award

Interconnector Third Window and MPI Pilot Regulatory Framework

OFGEM

This public procurement record has 1 release in its history.

Award

17 Apr 2023 at 16:45

Award Notice
Summary of the contracting process

The buying organization OFGEM has awarded a contract for the project titled "Interconnector Third Window and MPI Pilot Regulatory Framework" to Ove Arup & Partners Ltd. This procurement involved financial consultancy services with a value of 411,912.26 GBP. The procurement method was an open procedure, and the contract period is from April 17, 2023, to October 31, 2023, with the tender deadline prior to the start date.

This tender provides an opportunity for businesses in the financial consultancy services industry, especially those with expertise in conducting cost-benefit analyses and modelling related to energy projects. SMEs are encouraged to participate, and the contracting authority, OFGEM, is based in London, England. The awarded contract is part of the Networks division's efforts to support projects in the energy sector, focusing on wider network and environmental impacts, with a clear emphasis on consumer interests.

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Notice Information

Notice Title

Interconnector Third Window and MPI Pilot Regulatory Framework

Notice Description

This procurement is to is to appoint a tenderer to support the Future Interconnection team within the Networks division. Support is required to develop and undertake a cost-benefit analysis (CBA) on new interconnectors and Multi-Purpose Interconnectors (MPIs) that have applied to Ofgem's Third cap and floor application Window and the MPI pilot scheme respectively. The CBA forms part of the Initial Project Assessment (IPA) to inform whether projects are granted a cap and floor regime in principle. The CBA will assess the needs case of proposed projects, taking into account their socioeconomic value, wider network and environmental impacts, and against the existing interconnector landscape. The needs case assessment ensures that projects are in consumers' interests, and along with a wider assessment of deliverability and maturity, the assessment will enable Ofgem to make informed decisions on whether projects should be awarded a cap and floor regulatory regime in principle. The successful tenderer will be expected to deliver modelling based on a pre-defined methodology developed by Arup and published by Ofgem in 2022, assessing the impacts of proposed interconnector projects, and the interactions between them and the wider energy system. The successful tenderer will then be expected to produce a publishable

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-28e4db6e-1c6e-4304-a70d-846c694be09a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/687049d0-ac5d-4bcc-a9c3-5c1a4b242e14
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£411,912 £100K-£500K
Lots Value
Not specified
Awards Value
£411,912 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Apr 20232 years ago
Submission Deadline
24 Feb 2023Expired
Future Notice Date
Not specified
Award Date
16 Apr 20232 years ago
Contract Period
16 Apr 2023 - 31 Oct 2023 6-12 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
OFGEM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

OVE ARUP & PARTNERS

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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