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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.
| Supplier | Identifier | Award Value | Cross-References |
|---|---|---|---|
| FTI Consulting | OC372614 | £350,000 | LOBBYIST 56 Degrees North Ltd (1 quarter) |
Government spending data: This supplier has received £9,134,090 in 72 payments (over £25k) from Ofwat, BEIS, HM Treasury, NHS England, HMRC (2015-12-29 to 2026-03-27). View full payment history →