Scope
Description
This Contract between the Buyer and the Supplier is for the supply of Deliverables, being the provision of an auction platform and related services for the UK Emissions Trading Scheme (‘UK ETS’) auction platform and related services.
Value of contract is determined by commissions paid to supplier by succesful auction participants.
Contract 1. PROVISION OF THE UK EMISSIONS TRADING SCHEME AUCTION PLATFORM
Supplier
Contract value
- £1,431,345 excluding VAT
- £1,431,345 including VAT
Above the relevant threshold
Date signed
29 November 2025
Contract dates
- 1 January 2026 to 31 December 2028
- Possible extension to 31 December 2030
- 5 years
Description of possible extension:
The Buyer may extend the term of this Contract for one year on two separate occasions
Main procurement category
Services
Options
The right to additional purchases while the contract is valid.
Extension options of 2 x 1 year with an additional value of £177,410 in addition to the existing maximum contract value
CPV classifications
- 66150000 - Financial markets administration services
- 79342410 - Electronic auction services
- 72212470 - Auction software development services
Contract locations
- UK - United Kingdom
Justification for not setting key performance indicators
Below £5m
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Direct award
Direct award justification
Single supplier - technical reasons
“The following conditions are met in relation to the public contract -
(a)due to an absence of competition for technical reasons, only a particular supplier can supply the goods, services or works
required, and
(b)there are no reasonable alternatives to those goods, services or works.”
Supplier
ICE Futures Europe
- Companies House: 01528617
2nd Floor, Sancroft Rose Street, Paternoster Square
London
EC4M 7DQ
United Kingdom
Email: sales-utilities@ice.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. PROVISION OF THE UK EMISSIONS TRADING SCHEME AUCTION PLATFORM
Contracting authority
Department for Energy Security & Net Zero
- Public Procurement Organisation Number: PDHQ-2163-WYMH
55 Whitehall
London
SW1A 2HP
United Kingdom
Email: ddatprocurements@ics.gov.uk
Region: UKI32 - Westminster
Organisation type: Public authority - central government