Design Options for Nodal Pricing in GB

A Contract Award Notice
by OFGEM

Source
Find a Tender
Type
Contract (Services)
Duration
not specified
Value
£350K
Sector
INDUSTRIAL
Published
30 Mar 2022
Delivery
not specified
Deadline
n/a

Concepts

Location

London

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

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.

Total Quantity or Scope

This contract is for an overarching assessment of the value of nodal pricing to GB consumers and in achieving the UK’s decarbonisation targets.

Award Detail

1 Fti Consulting (London)
  • Reference: 008579-2022-con spec 2021-153-1
  • Value: £350,000

Award Criteria

Technical 75
Commercial 25

CPV Codes

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

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** (MT Ref:225598)

Reference

Domains