--- title: "Tender for Audit Services: National Energy System Operator" ocid: "ocds-h6vhtk-04b588" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b588" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b588.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b588.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "NATIONAL ENERGY SYSTEM OPERATOR LIMITED" published: "2024-11-20" --- # Tender for Audit Services: National Energy System Operator Buyer: NATIONAL ENERGY SYSTEM OPERATOR LIMITED Current stage: Tender OCID: ocds-h6vhtk-04b588 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b588) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04b588.json) ## Summary National Energy System Operator Limited (NESO), which ensures that Great Britain has the essential energy supply it needs, is seeking comprehensive financial audit services. Procuring under the CPV classification 79212000 for auditing services, this tender falls under the services category and is currently in the planning stage. NESO, now operating as a public sector organisation following its acquisition by the UK Government on 1st October 2024, requires these services to ensure transparency, accountability, and efficiency in its financial, performance, and regulatory operations. The estimated publication date for the next stage, 'Call for Competition,' is 17 December 2024. The procurement process includes multiple stages such as the Prior Information Notice, PQQ launch, RFP launch, and negotiations, with services to be delivered across the United Kingdom. This tender presents significant opportunities for businesses specialising in financial auditing and compliance with International Standards of Supreme Audit Institutions (ISSAI). Firms with expertise in providing reasonable assurance over financial records, evaluating internal controls, and offering strategic guidance on accounting matters will find this project well-suited to their capabilities. The successful bidder will need to maintain close coordination with NESO's leadership and participate in regular committee meetings to report audit progress. By securing this contract, businesses can enhance their portfolio with a high-profile public sector client, leading to increased visibility and growth potential in the auditing industry. ## Notice National Energy System Operator (NESO) makes sure that Great Britain has the essential energy it needs by ensuring supply meets demand every second of every day. The UK's 2023 Energy Act established an independent system planner and operator to help accelerate Great Britain's energy transition; creating NESO. NESO is built on our previous experience as the National Grid Electricity System Operator (ESO), where we had extensive expertise in balancing electricity supply and demand 24/7, whilst making sure the networks we operated and the markets we served were prepared for the future. NESO was sold by National Grid to the UK Government on 1st October 2024 , becoming a public sector organisation from this date. We require comprehensive financial audit services compliant with International Standards of Supreme Audit Institutions (ISSAI). The objective is to ensure NESO's financial, performance, and regulatory operations are conducted with transparency, accountability, and efficiency. This specification provides the framework for the required audit services, including scope, planning, reporting, accountability, and SLAs. ________________________________________ 4. Scope of Services (Detailed) The audit firm is responsible for delivering the following detailed services: Financial Audit o Provide reasonable assurance over NESO's financial records in accordance with applicable accounting standards (IFRS ). o Verify that financial statements are free from material misstatements due to fraud, error, or irregularities. o Evaluate internal financial controls, focusing on risks associated with financial misreporting, operational inefficiencies, or compliance failures. o Provide an audit opinion on the true and fair representation of NESO's financial position, performance, and cash flow. o Conduct testing of key accounts to provide reasonable assurance over the financial assertions. o Update NESO leadership and Audit & Risk Committee (ARC) regarding relevant changes in legislation and regulation. o Report on external audit progress to NESO leadership, including attendance at bi-monthly ARC meetings and other board or committee meetings as required. o Provide guidance to NESO leadership in particular the Chief Financial Officer (CFO), chair of ARC, director of financial control, and the accounting & reporting lead on accounting and financial matters. o Liaise and coordinate with the CFO, director of financial control and accounting & reporting lead via a monthly progress meeting to ensure full exchange of information. o Produce an annual SOC1 report evaluating the effectiveness of NESO financial controls in relation to transmission revenue charging, for external distribution to UK transmission owners, including National Grid Electricity Transmission (NGET). ### Lot Information Lot 1 1. Prior Information Notice 2. PQQ Launch 3. PQQ Return 4. PQQ Evaluation and Moderation 5. RFP Launch 6. RFP Return 7. RFP Evaluation 8. Negotiations 9. Award and Standstill ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/037458-2024 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning, Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 20 Nov 2024 | | Submission deadline | Not specified | | Future notice date | 16 Dec 2025 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £5,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planned | | Lots status | Planned | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | NATIONAL ENERGY SYSTEM OPERATOR LIMITED | | Locality | WOKINGHAM | | Post town | Reading | | Postcode | RG41 5BN | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire | | ITL 3 | TLJ16 Berkshire West | | Local authority | Wokingham | | Electoral ward | Winnersh | | Westminster constituency | Wokingham | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212000 - Auditing services ## Release History - 20 Nov 2024 at 09:40 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/037458-2024 - 11 Nov 2024 at 14:57 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/036446-2024 ## Notice URLs - https://www.neso.energy/ ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b588. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04b588.json.