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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Department for Business, Energy & Industrial Strategy |
| Main Category: | Services |
| Procurement Method: | Competitive quotation (below threshold) |
| Tender Status: | Closed |
Pipeline status
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Application Deadline
21 September 2022
Closed
Estimated Value
£99,979.1
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Book a free consultation →| Estimated Value (ex. VAT): | £99,979.1 |
| Release Date: | 21 October 2022 |
| Application Deadline: | 21 September 2022 |
| Contract Start Date: | 18 October 2022 |
| Contract End Date: | 13 February 2023 |
| Contract Duration: | 4 months |
| Procurement ID (OCID): | ocds-b5fd17-917c6101-ae73-4514-a83d-6020279f3c33 |
| Notice Reference: | 3dffad7b-c3cf-476a-9b96-078780bc6a87-582772 |
All 2 notices for this procurement, oldest first.
PS22252 - Low Carbon Assets - Systems Benefits from Efficient Locational Signals (RAF039/2223)
PS22252 - Low Carbon Assets - Systems Benefits from Efficient Locational Signals (RAF039/2223)
Earlier notices predate the Procurement Act 2023 (commenced 24 Feb 2025) and therefore don't carry UK1–UK17 codes.
View Original Notice
Access the full notice on the official portal
Awarded to
| Award value: | £99,979.1 |
| Award decision date: | 17 October 2022 |
| Award status: | Active |
***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded following a mini competition under the CCS RM6126 DPS Brief Description of Requirement: The project is intended to obtain quantitative insights into the scale of possible system benefits from optimally efficient locational signals, to inform market design policy decisions under the Review of Electricity Market Arrangements (REMA). At a high level , the results will also have relevant to policy strategy for future Contracts for Difference auction rounds. This research project is not intended to inform a specific policy recommendation on how best to send locational signals; we anticipate that the concept of 'optimal' locational signals would be represented in the model through siting and dispatch decisions (for generation and flexibility assets) being made endogenously to minimise system costs, within a set of exogenous constraints. Results from this project would complement other evidence gathering and policy development on specific mechanisms for delivering signals within the wider packages of reforms being considered by REMA.
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