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ENQEIR983 FASS Credit Management Services

SONI Ltd

This public procurement record has 1 release in its history.

Tender

29 Oct 2025 at 16:15

UK4 - Tender Notice
Summary of the contracting process

EirGrid plc, acting as the lead contracting authority in collaboration with its group company, SONI Ltd, has initiated a procurement process for the provision of credit management services under the tender titled "ENQEIR983 FASS Credit Management Services." Operating within the utilities sector, this procurement process focuses on the development and implementation of the Future Arrangements of System Services (FASS) to supersede existing mechanisms in Ireland and Northern Ireland. The procurement, taking place in Belfast, Northern Ireland and governed by the Procurement Act 2023, is currently at the Tender stage with a submissions deadline set for 28th November 2025. The undertaken contract aims to achieve an 80% renewable generation target by 2030 and involves a substantial financial allocation of up to €1,317,887.

This opportunity offers significant potential for businesses specialising in industry-specific software, administration, accounting, banking, investment services, and software package utilities. The procurement process is conducted using a selective flexible procedure and will establish a single-supplier framework. This framework will allow for the management of collateral risk associated with the FASS, thereby requiring a provider with robust financial standing and relevant industry experience. Companies that can demonstrate economic stability, quality assurance practices, previous relevant experience, and capability in risk management would likely benefit most from participating in this tender. The successful service provider will have the option to renew the framework agreement for up to three additional years, potentially resulting in long-term business growth.

How relevant is this notice?

Notice Information

Notice Title

ENQEIR983 FASS Credit Management Services

Notice Description

This notice does not commence a competitive tendering process. For the detailed requirements and relevant documentation, please see the Call for Competition, published on OJEU ref 6868206 https://www.etenders.gov.ie/epps/cft/viewTenders.do?resourceId=6868206 EirGrid and SONI are currently developing the Future Arrangements of System Services (FASS) which includes the development and implementation of a new set of arrangements to replace the existing System Services procurement mechanism (DS3 System Services (DS3)). The existing DS3 arrangements were designed to meet the 2020 renewable targets of 40% RES-E and are not sufficient for Ireland and Northern Ireland to achieve targets of 80% renewable generation by 2030. The new set of arrangements aim to drive investment in an efficient manner to ensure the all-island power system can continue to be operated safely and securely. In April 2022 the SEM Committee (SEMC) published its High-Level Design for the SSFA as set out in SEM-22-012. EirGrid and SONI, in their respective capacities as Transmission System Operator in Ireland and Northern Ireland respectively are supporting the SEMC in the development of its High-Level Design (HLD) into an implementable solution. The Regulatory Authorities (RAs) have requested the TSOs to implement these arrangements to achieve the RES-E targets and to ensure compliance with the relevant aspects of European legislation such as the European Balancing Guidelines (EBGL) and the Clean Energy Package. On 8th December 2023, the SEMC released a decision paper on the Detailed Design and Implementation of Future Arrangements of System Services (SEM-23-103). As set out in the decision paper, the RAs have proposed to proceed with the Day Ahead System Services Auction (DASSA). The decision paper sets out a number of workstreams for the TSOs to commence, which includes a secondary market via a central platform where market participants can bilaterally trade their DASSA positions on a half hourly basis. The DASSA is scheduled to go live from May 2027. Elements of the DASSA design require collateral coverage to manage credit risk to the TSOs. These elements include but are not limited to secondary trading, any performance related payments due to the TSOs (e.g. DASSA compensation payments) and resettlement. The TSOs require a third-party provider to assume the credit risk for these FASS Collateral Arrangements and host the requirements outlined in the scope of requirements section below. The Opportunity EirGrid plc intends to establish a single supplier framework. The supplier will assume and manage credit risk for the FASS Collateral Arrangements on behalf of EirGrid plc and SONI Limited. The Framework Agreement will encompass further credit management related services agreed during negotiations. EirGrid plc is acting as lead contracting authority and its group company, SONI Limited will benefit from services under the Framework. As such and in compliance with SONI Limited's obligations under the Procurement Act 2023 (the "Act"), this notice is published to advertise the opportunity but does not commence a competitive tendering procedure for the purposes of the Act. The procurement remains governed by Council Directive 2014/25/EU as transposed into Irish law by the European Union Award of Contracts by Utility Undertakings) Regulations 2016 (S.I. 286 of 2016) (the "Regulations"), will be run in compliance with those Regulations, pursuant to OJEU Notice ref: 6868206, but will also be managed in compliance with the Procurement Act 2023 in so far as possible, to discharge SONI Limited's obligations under the Act.

Lot Information

Lot 1

Renewal: 3 years (1 + 1 + 1)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05d699
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/069522-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

75 - Administration, defence and social security services

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

CPV Codes

48100000 - Industry specific software package

48700000 - Software package utilities

66100000 - Banking and investment services

75100000 - Administration services

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£1,071,453 £1M-£10M
Lots Value
£1,071,453 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Oct 202510 months ago
Submission Deadline
13 Nov 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2026 - 31 Mar 2031 Over 5 years
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
SONI Ltd
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
BT6 9RT
Postcode Area
Northern Ireland
Country
Northern Ireland
Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN0E Lisburn and Castlereagh
Delivery Location
Not specified
Local Authority
Lisburn and Castlereagh
Electoral Ward
Moneyreagh
Westminster Constituency
Belfast South and Mid Down

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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