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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Ofgem |
| Main Category: | Services |
| Procurement Method: | Open procedure |
| Tender Status: | Closed |
| Estimated Value (ex. VAT): |
Pipeline status
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Application Deadline
1 January 2023
Closed
Estimated Value
£33,324
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| Release Date: | 11 August 2023 |
| Application Deadline: | 1 January 2023 |
| Contract Start Date: | 26 March 2023 |
| Contract End Date: | 12 June 2023 |
| Contract Duration: | 3 months |
| Procurement ID (OCID): | ocds-b5fd17-1fc777fe-d6c5-4618-970c-af73ad8429fe |
| Notice Reference: | cb90462e-2468-4510-9a1f-a930eb69237d-671510 |
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Awarded to
| Award value: | £33,324 |
| Award decision date: | 24 March 2023 |
| Award status: | Active |
Ofgem wanted to create a more dynamic distributional model and archetypes which is able to incorporate new information on consumer behaviour and characteristics as time goes on, rather than the current static model Ofgem has. Ofgem would like to implement price elasticity measures and the application of weights to the respective indicators to accentuate the importance of some of the variables which will in turn provide more accurate results. Ofgem needs the model to incorporate changes in energy consumption during the day factoring consumer demand and peak usage. Ofgem also wanted to incorporate locational postcode data if possible.
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