Award

European Gas Markets Intervention Research

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 2 releases in its history.

Award

27 Mar 2023 at 13:45

Award Notice
Tender

31 Jan 2023 at 23:27

Tender Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has awarded a research contract for European Gas Markets Intervention to Baringa Partners LLP. The contract, valued at £48,500 GBP, commenced on 1st March 2023 and will conclude on 31st March 2023. This research project focuses on understanding the potential impacts of the EU's Market Correction Mechanism on the European gas market throughout 2023, including implications for the UK's security of supply.

This procurement opportunity was under an open procedure and was below threshold. It was crucial for businesses with expertise in research and development services within the consultancy field. Considering the nature of the project, companies well-versed in analysing energy markets and policy implications at a European level would be well-suited to compete. The deadline for tender responses was 10th January 2023, with the contract awarded in March 2023.

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Notice Information

Notice Title

European Gas Markets Intervention Research

Notice Description

**AWARD NOTICE - NOT A PROCUREMENT OPPORTUNITY** Following the tender linked in this notice, a contract has been awarded for research services relating to recent interventions in the European Gas Market. The purpose of the work was to understand the likely effect of the EU's Market Correction Mechanism on the TTF market over the course of 2023, including knock-on effects to the NBP market and UK security of supply. Additional information: Attached is a redacted version of the contract

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e6f27fdc-f520-4223-b8d4-333d5b58bff1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/54ef042f-b8ba-4400-a348-b7a1a88fdcad
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£48,500 Under £100K
Lots Value
Not specified
Awards Value
£48,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Mar 20232 years ago
Submission Deadline
10 Feb 2023Expired
Future Notice Date
Not specified
Award Date
1 Mar 20232 years ago
Contract Period
1 Mar 2023 - 31 Mar 2023 30 days
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
LONDON
Postcode
SW1H 0ET
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BARINGA 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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