---
title: "Design Options for Nodal Pricing in GB"
ocid: "ocds-h6vhtk-02fcd0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02fcd0"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02fcd0.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02fcd0.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "OFGEM"
published: "2022-03-30"
---

# Design Options for Nodal Pricing in GB

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-h6vhtk-02fcd0

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02fcd0.json)

## Summary

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.

## Notice

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

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/008579-2022 |
| 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 |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 30 Mar 2022 |
| Submission deadline | 17 Jan 2022 |
| Future notice date | Not specified |
| Award date | 23 Mar 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £350,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £350,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | OFGEM |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | FTI CONSULTING |

## CPV Codes

### Divisions

- 09 - Petroleum products, fuel, electricity and other sources of energy
- 71 - Architectural, construction, engineering and inspection services

### Codes

- 09310000 - Electricity
- 71314000 - Energy and related services
- 71314300 - Energy-efficiency consultancy services

## Release History

- 30 Mar 2022 at 14:23 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/008579-2022
- 3 Dec 2021 at 10:55 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/030042-2021

## Notice URLs

- http://www.ofgem.gov.uk
- https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit
- https://www.mytenders.co.uk
- https://www.mytenders.co.uk/search/Search_AuthProfile.aspx?ID=AA10021

## 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-h6vhtk-02fcd0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02fcd0.json.