Design Options for Nodal Pricing in GB

A Contract Award Notice
by OFGEM

Source
Contracts Finder
Type
Contract (Services)
Duration
7 month
Value
£350K
Sector
INDUSTRIAL
Published
30 Mar 2022
Delivery
24 Mar 2022 to 23 Oct 2022
Deadline
17 Jan 2022 12:00

Concepts

Location

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.

Award Detail

1 Fti Consulting (London)
  • Value: £350,000

CPV Codes

  • 71314000 - Energy and related services

Indicators

  • Contract is suitable for SMEs.

Other Information

NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided https://www.mytenders.co.uk/search/show/search_view.aspx?ID=MAR164101

Reference

Domains