Tender

Interconnector Third Window and MPI Pilot Regulatory Framework

OFGEM

This public procurement record has 1 release in its history.

Tender

26 Jan 2023 at 17:45

Tender Notice
Summary of the contracting process

The buying organisation for this procurement is OFGEM, based in London, England. The tender titled "Interconnector Third Window and MPI Pilot Regulatory Framework" falls under the Financial consultancy services industry category. The procurement stage is currently active, with a deadline for tender submissions set for February 24, 2023. The contract period is scheduled to run from April 3, 2023, to September 30, 2026.

This tender by OFGEM presents an opportunity for businesses involved in financial consultancy services to support the Future Interconnection team within the Networks division. Small and medium-sized enterprises (SMEs) would be well-suited to compete in this open procedure procurement. Businesses located in British Oversea Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom are eligible to participate in this opportunity.

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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-b02b55c1-aa51-40b2-bb43-cac37bb0e8ae
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5d9db930-0d1c-4c55-8c6e-63b53dbbe6b5
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender 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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jan 20233 years ago
Submission Deadline
24 Feb 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Apr 2023 - 30 Sep 2026 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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

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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