Expired contract

PS22251 - Market Signals and Renewables Investor Behaviour (RAF040/2223)

Details

Buyer
Department for Business Energy and Industrial Strategy (BEIS)
Value
GBP 59,995.03
Duration
6 months
Topic
Research and development services and related consultancy services
Published
6 October 2022

Tender description

***** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***** This procurement is being concluded following a competitive procurement exercise. Brief Description of Requirement The project will gather new evidence on investment behaviour in GB renewable electricity generation assets (onshore wind, offshore wind, solar, and biomass), including how such behaviour could be influenced by increased price / market exposure beyond that experienced under the current Contracts for Difference scheme. This evidence will be crucial to drive efficient investment in GB renewables and deliver our sector ambitions at the lowest cost to consumers. The results will help us investigate the opportunities (or lack thereof) to operate on a more market led basis with additional price exposure (for generators; currently price exposure is faced by consumers), to be delivered through evolution of the Contracts for Difference (CfD) scheme and the ongoing Review of Electricity Market Arrangements (REMA).

Timeline

  1. Completed: Award published6 October 2022
    Current notice
  2. Completed: Award date10 October 2022
  3. Completed: Contract expiry date31 March 2023

About the buyer

Department for Business Energy and Industrial Strategy (BEIS) is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 73000000 · Research and development services and related consultancy services

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