Design Options for Nodal Pricing in GB
This is a contract result notice, not an open opportunity. Details from the official award data.
The procurement contact named on the official notice.
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.
Incentivising optimal demand and supply responses (in
incentivising optimal demand and supply responses (in the right place at the right time);.
Derived from the notice text — always confirm against the original documents.
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- OCID
- ocds-h6vhtk-02fcd0
- Stage
- award · Awarded
- Source
- Find a Tender
- Buyer ref
- 008579-2022
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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