Award

Design Options for Nodal Pricing in GB

OFGEM

This public procurement record has 1 release in its history.

Award

30 Mar 2022 at 16:45

Award Notice
Summary of the contracting process

The procurement process involves Ofgem, the buying organisation responsible for regulating the electricity and gas markets in Great Britain. The tender titled "Design Options for Nodal Pricing in GB" falls under the energy and related services industry category and was mainly focused in Scotland and London. The open procurement method was employed, with the tender period concluding on 17 January 2022, and the contract awarded on 23 March 2022, which commenced on 24 March 2022 and will run until 23 October 2022. The total contract value is £350,000.

This tender presents opportunities for businesses specialising in energy consultancy, technical assessments, and pricing strategy development, particularly those capable of innovative solutions that promote cost-effective energy system efficiencies. Small and medium enterprises (SMEs) are encouraged to participate, as they may bring fresh perspectives and agility, assisting Ofgem in achieving its objectives aimed at driving more efficient use of system assets and supporting the transition to a Net Zero energy future.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Design Options for Nodal Pricing in GB

Notice Description

This procurement is for a party to support and work alongside Ofgem in delivering a technical assessment of nodal pricing for GB.Ofgem is keen to investigate further the potential of nodal pricing in enabling a cost-effective, secure pathway to Net Zero for the whole energy system. Greater locational and temporal market signals have the potential to drive more efficient use of system assets and lower total system costs by:* incentivising optimal demand and supply responses (in the right place at the right time);* stimulating innovation in storage and demand response in the places it is needed; and* supporting competition between demand/storage solutions and new network capacity.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-60328770-79ea-4358-8fa4-86efb741193b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/00a76fcf-a52f-47ab-ac3c-2d0cee53f3a9
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services

CPV Codes

71314000 - Energy and related services

Notice Value(s)

Tender Value
£350,000 £100K-£500K
Lots Value
Not specified
Awards Value
£350,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Mar 20223 years ago
Submission Deadline
17 Jan 2022Expired
Future Notice Date
Not specified
Award Date
23 Mar 20223 years ago
Contract Period
24 Mar 2022 - 23 Oct 2022 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
TLI London, TLM Scotland
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

FTI CONSULTING

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-60328770-79ea-4358-8fa4-86efb741193b-2022-03-30T17:45:10+01:00",
    "date": "2022-03-30T17:45:10+01:00",
    "ocid": "ocds-b5fd17-60328770-79ea-4358-8fa4-86efb741193b",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "MT225598",
        "title": "Design Options for Nodal Pricing in GB",
        "description": "This procurement is for a party to support and work alongside Ofgem in delivering a technical assessment of nodal pricing for GB.Ofgem is keen to investigate further the potential of nodal pricing in enabling a cost-effective, secure pathway to Net Zero for the whole energy system. Greater locational and temporal market signals have the potential to drive more efficient use of system assets and lower total system costs by:* incentivising optimal demand and supply responses (in the right place at the right time);* stimulating innovation in storage and demand response in the places it is needed; and* supporting competition between demand/storage solutions and new network capacity.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "71314000",
            "description": "Energy and related services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "Scotland",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 350000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2022-01-17T12:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2022-03-24T00:00:00Z",
            "endDate": "2022-10-23T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-101812",
            "name": "Ofgem",
            "identifier": {
                "legalName": "Ofgem"
            },
            "address": {
                "streetAddress": "10 South Colonnade, Canary Wharf",
                "locality": "London",
                "postalCode": "E14 4PU",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Natasha Woollams",
                "email": "procurement2@ofgem.gov.uk",
                "telephone": "+44 2079017000"
            },
            "details": {
                "url": "http://www.ofgem.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-OC372614",
            "name": "FTI Consulting",
            "identifier": {
                "legalName": "FTI Consulting",
                "scheme": "GB-COH",
                "id": "OC372614"
            },
            "address": {
                "streetAddress": "200 Aldersgate , Aldersgate Street, London"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-101812",
        "name": "Ofgem"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-60328770-79ea-4358-8fa4-86efb741193b-1",
            "status": "active",
            "date": "2022-03-23T00:00:00Z",
            "datePublished": "2022-03-30T17:45:10+01:00",
            "value": {
                "amount": 350000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-OC372614",
                    "name": "FTI Consulting"
                }
            ],
            "contractPeriod": {
                "startDate": "2022-03-24T00:00:00Z",
                "endDate": "2022-10-23T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/00a76fcf-a52f-47ab-ac3c-2d0cee53f3a9",
                    "datePublished": "2022-03-30T17:45:10+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "tenderNotice",
                    "description": "NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.",
                    "url": "https://www.mytenders.co.uk/search/show/search_view.aspx?ID=MAR164101"
                }
            ]
        }
    ]
}