Award

Ofgem 2022-022 ICIS Subscription

OFGEM

This public procurement record has 1 release in its history.

Award

23 Mar 2022 at 17:45

Award Notice
Summary of the contracting process

The Ofgem organisation has recently awarded a contract titled "Ofgem 2022-022 ICIS Subscription" for analysis services within the energy sector. This procurement process was conducted under an open method, with the tender successfully awarded on 15th February 2022. The procurement is classified under CPV codes for analysis and data analysis services, with a total contract value of £117,085. The contract period commenced on the award date and extends until 31st December 2023. Notably, this shall involve supply services across the United Kingdom and various British Overseas Territories.

This tender presents significant opportunities for businesses specializing in data analysis, market commentary, and pricing assessments within the energy sector. SMEs would particularly benefit from competing for such contracts, as Ofgem specifically welcomes small and medium-sized enterprises in their procurement. Companies capable of providing high-quality market insights and data are well-suited to leverage this opportunity to enhance their market presence and grow their business within the competitive energy industry.

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Notice Information

Notice Title

Ofgem 2022-022 ICIS Subscription

Notice Description

ICIS are market leaders in wholesale gas and electricity market commentary and price assessments. Their price assessments are used as a standard across industry, including in the Ofgem price cap (written into the methodology and requires a consultation to change). Their services are required to provide price data for analysis across Ofgem and specifically for price cap calculations. Their market commentary is the best source of wholesale market monitoring which is an essential output of the MIO team.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7747b084-0a0d-47a3-ae3a-4dc8c2920881
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/95fe27d5-0757-4662-a498-2517c053ba8a
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

72 - IT services: consulting, software development, Internet and support

CPV Codes

71620000 - Analysis services

72316000 - Data analysis services

Notice Value(s)

Tender Value
£117,085 £100K-£500K
Lots Value
Not specified
Awards Value
£117,085 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Mar 20223 years ago
Submission Deadline
1 Jan 2022Expired
Future Notice Date
Not specified
Award Date
15 Feb 20224 years ago
Contract Period
15 Feb 2022 - 31 Dec 2023 1-2 years
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

ICIS

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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