# Design Options for Nodal Pricing in GB

> A sourced UK public sector contract award published by Ofgem.

## Key facts

- Buyer: [Ofgem](/buyers/ofgem/contract-awards)
- Supplier: [FTI Consulting](/suppliers/fti-consulting/public-sector-contract-awards)
- Award value: £350,000
- Tender value: £350,000
- Award date: 23 March 2022
- Published: 30 March 2022
- Contract start: 24 March 2022
- Contract end: 23 October 2022
- Stage: awarded
- Procurement category: services
- Notice ID: 00a76fcf-a52f-47ab-ac3c-2d0cee53f3a9-523271
- OCID: ocds-b5fd17-60328770-79ea-4358-8fa4-86efb741193b

## Description

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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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/00a76fcf-a52f-47ab-ac3c-2d0cee53f3a9-523271)