Design Options for Nodal Pricing in GB

Concepts

• energy related
• ofgem
• nodal pricing
• technical assessment of nodal pricing
• design options
• right place
• optimal demand
• consultancy services
• right time
• supply responses

Location

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.

CPV Codes

• 71314000 - Energy and related services

Indicators

• Contract is suitable for SMEs.

Other Information

NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided https://www.mytenders.co.uk/search/show/search_view.aspx?ID=DEC163265