Expired contract

Wholesale Market Policy Development

Details

Value
£61,500
Duration
3 months
Topic
Financial consultancy, financial transaction processing and clearing-house services
Published
26 February 2024

Tender description

As part of the next stage of the review of market arrangements (REMA), Ofgem has been tasked by DESNZ to look into what are the implications of moving from a national to a locational wholesale price in GB on: * Levels of liquidity * Risk of market power Ofgem requires support from a supplier to deliver an assessment of wholesale market design interactions with market power and liquidity, in the context of the development of reform options, for GB.

Timeline

  1. Completed: Award date19 February 2024
  2. Completed: Award published26 February 2024
    Current notice
  3. Completed: Contract expiry date10 May 2024

About the buyer

Office of Gas and Electricity Markets (Ofgem) is Britain's energy regulator, a non-ministerial government department. Most goods and services are bought through Crown Commercial Service frameworks, chiefly its Energy and Economic Services and Advice agreement. Lots span gas and electricity engineering, distributed energy resources, and economic and financial advice.

Ofgem then runs a further competition or awards work directly to a supplier on the relevant lot.

Over the past 5 years, most of Ofgem's contract awards have been in business services, software and information systems, and IT services.

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