Published date: 30 March 2022

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 17 January 2022, 12pm

Contract summary

Industry

  • Energy and related services - 71314000

Location of contract

Scotland, London

Value of contract

£350,000

Procurement reference

MT225598

Published date

30 March 2022

Closing date

17 January 2022

Closing time

12pm

Contract start date

24 March 2022

Contract end date

23 October 2022

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

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.

More information

Links

Award information

Awarded date

23 March 2022

Contract start date

24 March 2022

Contract end date

23 October 2022

Total value of contract

£350,000

This contract was awarded to 1 supplier.

FTI Consulting

Address

200 Aldersgate , Aldersgate Street, London

Reference

Companies House number: OC372614

Value of contract

£350,000

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Natasha Woollams

Address

10 South Colonnade, Canary Wharf
London
E14 4PU
England

Telephone

+44 2079017000

Email

procurement2@ofgem.gov.uk

Website

http://www.ofgem.gov.uk