Design Options for Nodal Pricing in GB

Award

Buyers

Value

£350,000

Suppliers

Classifications

  • Energy and related services
  • Electricity
  • Energy-efficiency consultancy services

Tags

  • award
  • contract

Published

2 years ago

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.

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  • Contract Agreement

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  • Award Notice

    Details on the tender award and selected suppliers.

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Organisation

OFGEM

Body governed by public law

Natasha Woollams

[email protected]

+44 2079017000

+44 02037271631

[email protected]

+44 3450103503

Timeline complete

Publish
Bid
Evaluate
Award
Complete