Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

DfE - Review of Rates of Return for Renewable Electricity Generators Accredited under the Northern Ireland Renewables Obligation (NIRO) - (ID 3885459)

Department for the Economy DfE

This public procurement record has 1 release in its history.

Tender

24 Mar 2022 at 11:34

Tender Notice
Summary of the contracting process

The Department for the Economy (DfE) is currently in the Tender stage of a public procurement process for the project titled "DfE – Review of Rates of Return for Renewable Electricity Generators Accredited under the Northern Ireland Renewables Obligation (NIRO)". This initiative, categorised under Accounting, Auditing and Fiscal Services, has a contract value of £120,000. Bids must be submitted electronically by 3rd May 2022, with the award expected to follow shortly thereafter. The contracted services are aimed at providing a thorough review of financial returns for renewable electricity generators in Northern Ireland to ensure compliance with State Aid regulations.

This tender presents a significant opportunity for businesses specialising in consultancy and evaluation services, particularly those experienced in financial analysis and auditing within the renewable energy sector. Companies with a strong background in gathering and analysing data related to costs and revenues of electricity generation, as well as expertise in regulatory compliance, would be well-positioned to compete effectively for this contract. Engaging in this procurement could enhance their portfolios and foster connections within the growing renewable energy industry in Northern Ireland.

How relevant is this notice?

Notice Information

Notice Title

DfE - Review of Rates of Return for Renewable Electricity Generators Accredited under the Northern Ireland Renewables Obligation (NIRO) - (ID 3885459)

Notice Description

In October 2020 the NIAO published its report entitled "Generating electricity from renewable energy". The report advises, inter-alia, that, in the NIAO view, the financial return for some investors may have been more generous than it needed to be. The report also made six recommendations, three of which are relevant to DfE, including Recommendation 6 below: Recommendation 6 'The Department for the Economy should carry out a review of all types of renewable generators to ensure that current levels of financial support and the actual rates of return that are being achieved are compatible with the original projections and State Aid rules.' DfE is seeking to appoint an external provider to undertake an exercise to meet the requirements of delivering Recommendation 6 of the NIAO report. A potential provider will need to be in a position to obtain and analyse data on the actual costs and revenues of renewable electricity generating stations, accredited to the NIRO, to enable accurate rates of return to be calculated across all relevant technologies. The contract is expected to commence upon award.

Lot Information

Lot 1

In October 2020 the NIAO published its report entitled "Generating electricity from renewable energy". The report advises, inter-alia, that, in the NIAO view, the financial return for some investors may have been more generous than it needed to be. The report also made six recommendations, three of which are relevant to DfE, including Recommendation 6 below: Recommendation 6 'The Department for the Economy should carry out a review of all types of renewable generators to ensure that current levels of financial support and the actual rates of return that are being achieved are compatible with the original projections and State Aid rules.' DfE is seeking to appoint an external provider to undertake an exercise to meet the requirements of delivering Recommendation 6 of the NIAO report. A potential provider will need to be in a position to obtain and analyse data on the actual costs and revenues of renewable electricity generating stations, accredited to the NIRO, to enable accurate rates of return to be calculated across all relevant technologies. The contract is expected to commence upon award.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0325be
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007972-2022
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

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

79200000 - Accounting, auditing and fiscal services

79210000 - Accounting and auditing services

79212000 - Auditing services

79212300 - Statutory audit services

79212500 - Accounting review services

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Mar 20224 years ago
Submission Deadline
3 May 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Department for the Economy DfE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BELFAST
Postcode
Not specified
Postcode Area
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
TLN Northern Ireland
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...