Interconnector Third Window and MPI Pilot Regulatory Framework

Concepts

• finance
• cba
• ofgem’s third cap
• interconnector third window
• new interconnectors
• multi-purpose interconnectors
• floor application window
• existing interconnector landscape
• mpi pilot regulatory framework
• interconnector projects

Location

United Kingdom:

Description

This procurement is to is to appoint a tenderer to support the Future Interconnection team within the Networks division. Support is required to develop and undertake a cost-benefit analysis (CBA) on new interconnectors and Multi-Purpose Interconnectors (MPIs) that have applied to Ofgem’s Third cap and floor application Window and the MPI pilot scheme respectively. The CBA forms part of the Initial Project Assessment (IPA) to inform whether projects are granted a cap and floor regime in principle. The CBA will assess the needs case of proposed projects, taking into account their socioeconomic value, wider network and environmental impacts, and against the existing interconnector landscape. The needs case assessment ensures that projects are in consumers’ interests, and along with a wider assessment of deliverability and maturity, the assessment will enable Ofgem to make informed decisions on whether projects should be awarded a cap and floor regulatory regime in principle. The successful tenderer will be expected to deliver modelling based on a pre-defined methodology developed by Arup and published by Ofgem in 2022, assessing the impacts of proposed interconnector projects, and the interactions between them and the wider energy system. The successful tenderer will then be expected to produce a publishable

Total Quantity or Scope

This procurement is to appoint a tenderer to support the Future Interconnection team within the Networks division. … The successful tenderer will then be expected to produce a publishable. Additional information: Please see attached 2022-127 Media & Social Media Monitoring, Insight and Evaluation ITT for further information.

Award Detail

Award Criteria

CPV Codes

• 66171000 - Financial consultancy services
• 79311400 - Economic research services
• 79311410 - Economic impact assessment

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** Please see attached 2022-127 ITT for further information. (MT Ref:229198)