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Design Options for Nodal Pricing in GB

OfgemLondonservices
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What the buyer wrote

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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Details

What the buyer calls it
Design Options for Nodal Pricing in GB
How they are buying
Advertised, open to anyoneAny supplier could bid without being invited first.
Type
services
Where
in London

Who the buyer named

Nadia Coleby was the named contact on this notice.

nadia.coleby@ofgem.gov.uk