The Provision of Lot 1: Trading and Settlement Code Market Auditor and Lot 2: Capacity Market Auditor of the Single Electricity Market

Description

The Commission for Regulation of Utilities (“CRU”) and the Utility Regulator (“UR”) invite Tenders in response to this Request for Tenders (“RFT”). Lot Number 1: Trading and Settlement Code (TSC) Market Auditor In summary, 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. The TSC was designated by the CRU/UR and can be modified from time to time thereafter in accordance with the process set out in the TSC. The latest version of the TSC was published on the SEMO website on 8 November 20241. The Service for Lot 1 comprises providing the SEM with a Market Auditor. Lot Number 2: Capacity Market Auditor In summary, the Services in Lot 2 relate to the all-island Single Electricity Market (“SEM”) specifically the Capacity Remuneration Mechanism (“CRM”). The detailed rules and procedures associated with the Capacity Remuneration Mechanism are set out in the Capacity Market Code (SEM-17-033) published on 2 June 2017. An updated version of the Capacity Market Code was published on the SEMO website on 1 November 20242. The first capacity auction within the CRM was held in December 2017. The Services for Lot 2 comprise providing the SEM with a Capacity Market Auditor to conduct an audit of the Capacity Market Code (“CMC”) for a multiyear period.