Award

Interconnector Third Window and MPI Pilot Regulatory Framework

OFGEM

This public procurement record has 2 releases in its history.

Award

17 Apr 2023 at 15:35

Tender

26 Jan 2023 at 08:51

Summary of the contracting process

The contracting authority OFGEM is seeking to appoint a tenderer to support the Future Interconnection team within the Networks division for the project titled "Interconnector Third Window and MPI Pilot Regulatory Framework" in the financial consultancy services category. The procurement stage is currently active, and the key deadline for the tender period is February 24, 2023. The location of the procurement is in London, United Kingdom. The procurement method is an open procedure.

This tender opportunity by OFGEM presents a chance for businesses specialised in financial consultancy services to compete for supporting the Future Interconnection team within the Networks division. Companies with expertise in cost-benefit analysis and regulatory frameworks related to interconnectors would be well-suited to take part in this procurement process. The active status of the tender indicates ongoing opportunities for growth and collaboration within the energy sector.

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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

Lot Information

Lot 1

This procurement 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. Additional information: Please see attached 2022-127 Media & Social Media Monitoring, Insight and Evaluation ITT for further information.

Renewal: Ofgem reserves the right to extend the contract for up to 1x 2 month period

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-039aaf
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011010-2023
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

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

66171000 - Financial consultancy services

79311400 - Economic research services

79311410 - Economic impact assessment

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£411,912 £100K-£500K

Notice Dates

Publication Date
17 Apr 20232 years ago
Submission Deadline
24 Feb 2023Expired
Future Notice Date
Not specified
Award Date
16 Apr 20232 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
Rebecca Green
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
Not specified

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

Supplier Information

Number of Suppliers
1
Supplier Name

OVE ARUP & PARTNERS

Open Contracting Data Standard (OCDS)

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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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