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Wholesale Market Policy Development

Ofgem

Awarded
services
SME-friendly

This tender has closed

The submission deadline for this contract has passed. There may be more active services tenders from Ofgem, and hundreds more across the UK public sector.

Key details

Contracting authority
Ofgem
other
Region
London
Delivery: British Oversea Territories
Contract value
£61,500ex VAT
Submissions closed
1 January 2024
Published
26 February 2024

Procurement

Contract period
19 February 2024 - 10 May 2024
3 months
Procedure type
Open procedure
CPV classifications
  • 66171000 Financial consultancy services
  • 66170000 Financial consultancy, financial transaction processing and clearing-house services
  • 72221000 Business analysis consultancy services
  • 79400000 Business and management consultancy and related services
  • 79412000 Financial management consultancy services

What happened

Ofgem awarded this contract to FTI Consulting LLP worth £61,500 on 14 Feb 2024. The contract runs until 10 May 2024.

Description

As part of the next stage of the review of market arrangements (REMA), Ofgem has been tasked by DESNZ to look into what are the implications of moving from a national to a locational wholesale price in GB on:

  • Levels of liquidity
  • Risk of market power

Ofgem requires support from a supplier to deliver an assessment of wholesale market design interactions with market power and liquidity, in the context of the development of reform options, for GB.

Awarded supplier

Supplier
FTI Consulting LLP
Companies House: OC372614
Award value
£61,500
Award date
14 February 2024

Contact

Address
10 South Colonnade, Canary Wharf, London, E14 4PU
Contact name
Lynsey Gordon

Identifiers

Buyer reference
MT231395
Notice ID
07ac9cb7-10fb-420b-be53-17d77231267e-726755
OCID
ocds-b5fd17-1d2c5d4a-9233-4e62-b4ea-32c4a71c7303

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External ID: cf-ocds-b5fd17-1d2c5d4a-9233-4e62-b4ea-32c4a71c7303 • Added 3 October 2026