---
title: "European Gas Markets Intervention Research"
ocid: "ocds-b5fd17-e6f27fdc-f520-4223-b8d4-333d5b58bff1"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e6f27fdc-f520-4223-b8d4-333d5b58bff1"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e6f27fdc-f520-4223-b8d4-333d5b58bff1.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e6f27fdc-f520-4223-b8d4-333d5b58bff1.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY"
published: "2023-03-27"
---

# European Gas Markets Intervention Research

Buyer: DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY  
Current stage: Award  
OCID: ocds-b5fd17-e6f27fdc-f520-4223-b8d4-333d5b58bff1

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-e6f27fdc-f520-4223-b8d4-333d5b58bff1)  
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## Summary

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.

## Notice

**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

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/54ef042f-b8ba-4400-a348-b7a1a88fdcad |
| 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 |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Mar 2023 |
| Submission deadline | 10 Feb 2023 |
| Future notice date | Not specified |
| Award date | 1 Mar 2023 |
| Contract period | 1 Mar 2023 - 31 Mar 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £48,500 |
| Lots value | Not specified |
| Awards value | £48,500 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 0ET |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARINGA PARTNERS |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 27 Mar 2023 at 13:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/54ef042f-b8ba-4400-a348-b7a1a88fdcad
- 31 Jan 2023 at 23:27 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/164cab37-9a8d-4a23-8839-60f241b6d7d1

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/54ef042f-b8ba-4400-a348-b7a1a88fdcad
  27th March 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/164cab37-9a8d-4a23-8839-60f241b6d7d1
  31st January 2023 - Opportunity notice on Contracts Finder
- https://beisgroup.ukp.app.jaggaer.com/go/2603333001860A175A37
  Invitation to Tender for: European Gas Market Intervention Research
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/894d1256-6d2e-4c4e-84e6-99cdc4b03275
  n/a
- http://n/a
  Redacted contract

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-e6f27fdc-f520-4223-b8d4-333d5b58bff1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e6f27fdc-f520-4223-b8d4-333d5b58bff1.json.