Award

The Provision of EU Electricity Price Forecasts

DEPARTMENT FOR BUSINESS & TRADE

This public procurement record has 1 release in its history.

Award

04 Mar 2026 at 15:21

Summary of the contracting process

This procurement process, led by the Department for Business & Trade, involves the provision of EU electricity price forecasts. Operating within the services industry category, it's located in London, United Kingdom. The process has reached the award stage, with a key contract period from 25th February 2026 to 18th March 2026. Conducted under procurement method 'Below threshold - without competition', it involves direct acquisition from LANE CLARK & PEACOCK LLP. The address for the buyer is Old Admiralty Building, London, whereas the supplier is located at 95 Wigmore Street, London. The contract covers data services, a crucial component for the Strategic Energy Analysis team within DBT.

This tender presents valuable business growth opportunities for companies specialising in data services, particularly within the energy sector. Given its focus on electricity price forecasts, firms providing strategic data analysis and price forecast expertise stand to gain significantly. LANE CLARK & PEACOCK LLP, a substantial enterprise, has been successful as the supplier, indicating a competitive advantage for large-scale businesses with robust data capabilities. The direct procurement method favours efficient and specialised services tailored to specific governmental needs, thus supporting firms positioned to deliver precise and strategic insights tailored to energy market analysis.

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Notice Title

The Provision of EU Electricity Price Forecasts

Notice Description

The one-off provision of EU electricity price forecast data for the Strategic Energy Analysis team in DBT

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-066254
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/019590-2026
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
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

72300000 - Data services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£12,000 Under £100K

Notice Dates

Publication Date
4 Mar 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Feb 20262 weeks ago
Contract Period
25 Feb 2026 - 18 Mar 2026 30 days
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS & TRADE
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
SW1A 2DY
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

LANE CLARK & PEACOCK

Further Information

Notice Documents

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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