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Design Options for Nodal Pricing in GB

Ofgem Published 30 Mar 2022 Contracts Finder

key details

Value£350,000
Statuscomplete
Category (CPV) 71314000 +2 more
RegionLondon
Deadline17 Jan 2022
Procedureopen
OCIDocds-h6vhtk-02fcd0

Awards (2)

This procurement was awarded to 1 suppliers. Values shown are per-award; the notice total is £350,000.

SupplierValueDateStatus
FTI Consulting £350,000 23 Mar 2022 active
FTI Consulting · · active

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.

documents

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notice history

4 notices published against this procurement.

PublishedTypeRegimeNotice
3 Dec 2021 Contract notice (F02) Earlier regulations 030042-2021
3 Dec 2021 Tender (tender) · 922a6303-8f8b-4c17-ab26-700a4838f7f0-491311
30 Mar 2022 Contract award notice (F03) Earlier regulations 008579-2022
30 Mar 2022 Award (award) · 00a76fcf-a52f-47ab-ac3c-2d0cee53f3a9-523271

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source

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