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Design Options for Nodal Pricing in GB

Closed

Submission Deadline Has Passed

This tender's submission deadline has passed and is no longer accepting applications. The information below is kept for reference purposes.

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Deadline
Expired
March 23, 2022
Contract Details
Category
Open Procedure
Reference
008579-2022
Value
£350,000
Location
London, United Kingdom
Published
April 12, 2026
Organization
Ofgem
CPV Code
Project Timeline

Tender Published

March 30, 2022

Deadline for Questions

March 16, 2022

Submission Deadline

March 23, 2022

View Original
Budget
£350,000
Duration
Not specified
Location
London
Type
Open Procedure

Original Tender 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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Basic Requirements

  • Company registration in EU required
  • Proven track record in similar projects
  • Financial stability documentation

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