Tender

Provision of Provision of Trading and Settlement Code Market Auditor and Capacity Market Auditor of the Single Electricity Market

UTILITY REGULATOR

This public procurement record has 1 release in its history.

Tender

07 Feb 2022 at 12:40

Summary of the contracting process

The Utility Regulator, in collaboration with the Commission for Regulation of Utilities, is procuring services titled "Provision of Trading and Settlement Code Market Auditor and Capacity Market Auditor of the Single Electricity Market". This procurement falls within the accounting and auditing services industry category and is located in Northern Ireland. Currently in the active tender stage, the submission deadline is set for 3rd March 2022. The total estimated value of the contract is €1,050,000, distributed across two lots: €600,000 for the Trading and Settlement Code Market Auditor and €450,000 for the Capacity Market Auditor. The procurement process follows an open procedure methodology.

This tender presents significant opportunities for businesses specialising in auditing and regulatory compliance services, particularly those experienced within the energy sector. Companies with expertise in accounting and auditing services, as well as those familiar with market mechanisms in the electricity sector, would be well-suited to compete for this contract. Engaging in this process may enhance these businesses' profiles, allowing them to establish or reinforce their foothold in the energy market across both Northern Ireland and the Republic of Ireland.

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Notice Title

Provision of Provision of Trading and Settlement Code Market Auditor and Capacity Market Auditor of the Single Electricity Market

Notice Description

Since 1st November 2007 the Northern Ireland Authority for Utility Regulation ("NIAUR" or "Utility Regulator") and the Commission for Utility Regulation ("CRU"), together referred to as the "Regulatory Authorities" or "RAs", have jointly regulated the all-Island wholesale electricity market known as the Single Electricity Market ("SEM") covering both Northern Ireland and the Republic of Ireland. The decision-making body which governs the market is the SEM Committee ("SEMC").

Lot Information

Provision of Trading and Settlement Code Market Auditor of the Single Electricity Market

The Services in Lot 1 relate to the all-island Single Electricity Market ("SEM"), specifically the SEM Trading and Settlement code ("TSC"). The TSC is a multilateral contract which sets out the rules and procedures concerning the sale and purchase of wholesale electricity in Ireland and Northern Ireland.

Provision of Capacity Market Auditor of the Single Electricity Market

The Services in Lot 2 relate to the all-island Single Electricity Market ("SEM") specifically the Capacity Remuneration Mechanism ("CRM"). The Services for Lot 2 comprise providing the SEM with a Capacity Market Auditor to conduct an audit of the Capacity Market Code for a multi-year period.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0313eb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003408-2022
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79200000 - Accounting, auditing and fiscal services

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£1,050,000 £1M-£10M
Lots Value
£1,050,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Feb 20224 years ago
Submission Deadline
3 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
UTILITY REGULATOR
Additional Buyers

COMMISSION FOR REGULATION OF UTILITIES

Contact Name
Breda Coss, Ian Campbell
Contact Email
accounts@uregni.gov.uk, bcoss@cru.ie
Contact Phone
+44 2890316628

Buyer Location

Locality
BELFAST
Postcode
BT1 6ED
Post Town
Northern Ireland
Country
Northern Ireland

Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
Not specified

Local Authority
Belfast
Electoral Ward
Central
Westminster Constituency
Belfast South and Mid Down

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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