Award

UK-ETS Auctions Services

DEPARTMENT FOR ENERGY SECURITY & NET ZERO

This public procurement record has 3 releases in its history.

Award

22 Dec 2025 at 22:53

Award

19 Nov 2025 at 17:22

Award

19 Nov 2025 at 15:58

Summary of the contracting process

The Department for Energy Security & Net Zero, located in London, has awarded a contract to ICE Futures Europe for the provision of services related to the UK Emissions Trading Scheme (UK-ETS) Auction Platform. This programme falls under the environmental and energy sector, engaging in financial markets administration services and the development of auction software. The contract, which was directly awarded due to the absence of competition for technical reasons, is set to commence on 1 January 2026 and conclude on 31 December 2028, with options for extension until 2030. The legal framework governing this process is established under UKPGA 2023/54, indicating strict adherence to public procurement regulations.

This tender represents a significant opportunity for businesses engaged in financial services and auction technology to engage in the expanding market for emissions trading. The demand for advanced auction platforms can stimulate both technological innovation and financial growth, potentially benefiting large-scale service providers with specialised expertise in auction technologies and financial market operations. Businesses capable of developing sophisticated software solutions or providing specialised auction services within a regulated environment are well-positioned to compete in this area, particularly those accredited with the necessary regulatory compliance status, such as UK RIE and RAP by the FCA.

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Notice Title

UK-ETS Auctions Services

Notice Description

This Contract between the Buyer and the Supplier is for the supply of Deliverables, being the provision of an auction platform and related services for the UK Emissions Trading Scheme ('UK ETS') auction platform and related services. Value of contract is determined by commissions paid to supplier by succesful auction participants.

Procurement Information

"The following conditions are met in relation to the public contract - (a)due to an absence of competition for technical reasons, only a particular supplier can supply the goods, services or works required, and (b)there are no reasonable alternatives to those goods, services or works."

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05e4ae
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/085615-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

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


CPV Codes

66150000 - Financial markets administration services

72212470 - Auction software development services

79342410 - Electronic auction services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£1,431,345 £1M-£10M
Contracts Value
£1,431,345 £1M-£10M

Notice Dates

Publication Date
22 Dec 20252 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
19 Nov 20253 months ago
Contract Period
1 Jan 2026 - 31 Dec 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR ENERGY SECURITY & NET ZERO
Contact Name
Not specified
Contact Email
ddatprocurements@ics.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2HP
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

ICE FUTURES EUROPE

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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