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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
24 February 2023
Closed
Estimated Value
£411,912.26
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| Release Date: | 17 April 2023 |
| Application Deadline: | 24 February 2023 |
| Contract Start Date: | 16 April 2023 |
| Contract End Date: | 31 October 2023 |
| Contract Duration: | 7 months |
| Procurement ID (OCID): | ocds-b5fd17-28e4db6e-1c6e-4304-a70d-846c694be09a |
| Notice Reference: | 687049d0-ac5d-4bcc-a9c3-5c1a4b242e14-636604 |
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Awarded to
| Award value: | £411,912.26 |
| Award decision date: | 16 April 2023 |
| Award status: | Active |
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