PS22251 - Market Signals and Renewables Investor Behaviour (RAF040/2223)
Department for Business, Energy & Industrial Strategy · United Kingdom
Key facts
- Contract value
- £59,995
- Awarded
- 04 Oct 2022
- Contract starts
- 09 Oct 2022
- Contract ends
- 31 Mar 2023
- Procedure
- Open procedure (below threshold)
- Buyer type
- Central government
Awarded to
| Supplier | Value |
|---|---|
| Frontier Economics Ltd | £59,995 |
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).
Categories (CPV)
- 73000000 Research and development services and related consultancy services
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