Design Options for Nodal Pricing in GB
This is a contract result notice, not an open opportunity. Details from the official award data.
This is a large award for Engineering & Architecture — above three-quarters of comparable contracts. Based on 33,646 valued Engineering & Architecture tenders in our corpus.
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.
What the supplier must deliver
This procurement is for a party
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.
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- OCID
- 00a76fcf-a52f-47ab-ac3c-2d0cee53f3a9
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- MT225598
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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