Published date: 26 February 2024

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


Closing: 1 January 2024, 12am

Contract summary

Industry

  • Financial consultancy, financial transaction processing and clearing-house services - 66170000

  • Financial consultancy services - 66171000

  • Business analysis consultancy services - 72221000

    • Business and management consultancy and related services - 79400000

    • Financial management consultancy services - 79412000

Location of contract

Any region

Value of contract

£31,500 to £61,500

Procurement reference

MT231395

Published date

26 February 2024

Closing date

1 January 2024

Closing time

12am

Contract start date

19 February 2024

Contract end date

10 May 2024

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

As part of the next stage of the review of market arrangements (REMA), Ofgem has been tasked by DESNZ to look into what are the implications of moving from a national to a locational wholesale price in GB on:
* Levels of liquidity
* Risk of market power
Ofgem requires support from a supplier to deliver an assessment of wholesale market design interactions with market power and liquidity, in the context of the development of reform options, for GB.

More information

Links

Award information

Awarded date

14 February 2024

Contract start date

19 February 2024

Contract end date

10 May 2024

Total value of contract

£61,500

This contract was awarded to 1 supplier.

FTI Consulting LLP

Address

200 Aldersgate, Aldersgate Street, London

Reference

Companies House number: OC372614

About the buyer

Contact name

Lynsey Gordon

Address

10 South Colonnade
Canary Wharf
London
E14 4PU
England

Telephone

+44 2079017000

Email

procurement2@ofgem.gov.uk

Website

http://www.ofgem.gov.uk