Award

Design Options for Nodal Pricing in GB

OFGEM

This public procurement record has 2 releases in its history.

Award

30 Mar 2022 at 14:23

Tender

03 Dec 2021 at 10:55

Summary of the contracting process

Ofgem, based in London, is conducting a tender titled "Design Options for Nodal Pricing in GB," which falls under the energy and related services category. The procurement process is currently at the Award stage, with an active contract valued at £350,000 awarded to FTI Consulting on 23 March 2022. This project, which aims to evaluate nodal pricing's potential for enhancing the UK's energy system and supporting its decarbonisation objectives, is part of an open procurement method initiated under the legal framework provided by CELEX (32014L0024).

This tender presents significant opportunities for consultancy firms specialising in energy efficiency, economic analysis, and market design. Businesses that can demonstrate expertise in technical assessments, cost analysis, and innovative solutions to enhance energy market efficiencies are well-positioned to compete. The emphasis on locating and temporal market signals in the energy sector suggests that companies with experience in demand response and energy storage solutions will be particularly competitive in this tender.

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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.

Lot Information

Lot 1

This contract is for an overarching assessment of the value of nodal pricing to GB consumers and in achieving the UK's decarbonisation targets.

Renewal: optional 2 months extension at the Authority's discretion

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02fcd0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008579-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

09 - Petroleum products, fuel, electricity and other sources of energy

71 - Architectural, construction, engineering and inspection services


CPV Codes

09310000 - Electricity

71314000 - Energy and related services

71314300 - Energy-efficiency consultancy services

Notice Value(s)

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

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
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
OFGEM
Contact Name
Natasha Woollams
Contact Email
procurement2@ofgem.gov.uk
Contact Phone
+44 2079017000

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

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

FTI CONSULTING

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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