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Official procurement procedure

Design Options for Nodal Pricing in GB

Electricity
Energy and related services
Energy-efficiency consultancy services
London (UKI)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Ofgem: "Design Options for Nodal Pricing in GB". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityOfgemScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Ofgem
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Ofgem. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
12.7Bids / Report
10% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 30 active published awards; 30 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityOfgem
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published30 Mar 2022, 15:23 BST
Last source update30 Mar 2022, 15:23 BST
Recurring procurementNot published
ClassificationElectricity, Energy and related services, Energy-efficiency consultancy services
Delivery area
London (UKI)
OCIDocds-h6vhtk-02fcd0
What is being bought
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 changed
From the official release history
  1. tender value changed
    30 Mar 2022, 15:23 BST
  2. Status changed to complete
    30 Mar 2022, 15:23 BST
  3. Official notice release published
    30 Mar 2022, 15:23 BST
  4. Submission deadline changed to published date
    30 Mar 2022, 15:23 BST
  5. Published value updated to £350,000
    3 Dec 2021, 10:55 GMT
  6. Status changed to active
    3 Dec 2021, 10:55 GMT
  7. Official notice release published
    3 Dec 2021, 10:55 GMT
  8. Submission deadline changed to 17 Jan 2022, 12:00 GMT
    3 Dec 2021, 10:55 GMT
  9. Buyer information updated
    3 Dec 2021, 10:55 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    This contract is for an overarching assessment of the value of nodal pricing to GB consumers and in achieving the UK’s decarbonisation targets.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    30 Mar 2022, 15:23 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 23 Mar 2022, 00:00 GMT · £350,000
Commercial outcome and competition
Awards
FTI Consulting
Not published · Not published · active
Contracts
Contract
£350,000 · signed 23 Mar 2022, 00:00 GMT · active
Bid statistics
bids: 9 (lot 1)
electronicBids: 9 (lot 1)
foreignBidsFromEU: 8 (lot 1)
foreignBidsFromNonEU: 1 (lot 1)
smeBids: 5 (lot 1)
Buyer and organisations in this procedure

Ofgem

Contracting authority GB-FTS-7406
View buyer profile

  • Ofgem
    buyer
    centralPurchasingBody

    10 South Colonnade, Canary Wharf, London, UKI, E14 4PU
    procurement2@ofgem.gov.uk
    +44 2079017000

  • FTI Consulting
    supplier

    200 Aldersgate , Aldersgate Street, London, UKI, EC1A 4HD
    +44 02037271631

  • Public Procurement Review Service
    reviewBody

    Cabinet Office, London
    publicprocurementreview@cabinetoffice.gov.uk
    +44 3450103503
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published