Provision of Wholesale Electricity Market Forecasting Software

Concepts

• belfast
• analytical, scientific
• tallaght
• mathematical or forecasting
• software package
• modelling software output
• wholesale electricity market
• single electricity market
• wholesale electricity prices
• software

Location

Northern Ireland:

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"). Further information on the SEMC's role and relevant legislation can be found on the website, www.semcommittee.com. The Contracting Authorities require modelling software that has an ability to forecast wholesale electricity prices and generator schedules which range from scenario analysis to directly setting forward contracts prices and volumes. The modelling software output can be vital for informing policy decisions through detailed analysis. The RAs invite tenders for the provision of Wholesale Electricity Market Forecasting Software. The tender documents can be found at: https://ted.europa.eu/udl?uri=TED:NOTICE:229334-2023:TEXT:EN:HTML

Total Quantity or Scope

Since 1st November 2007 the Utility Regulator of Northern Ireland (UREGNI) and the Commission for Regulation of Utilities (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). The Contracting Authorities require modelling software that has an ability to forecast wholesale electricity prices and generator schedules which range from scenario analysis to directly setting forward contracts prices and volumes. The modelling software output can be vital for informing policy decisions through detailed analysis. Please refer to the RFT for further details, including: A non-exhaustive list of the Contracting Authorities functions that will require wholesale electricity forecasting; Functional Specification; Non Functional Specification; Functional Questions; Invoicing Arrangements; Service Levels and Key Performance Indicators. Additional information: Please consult the associated documentation which contains full instructions regarding this submission of tenders and is available to download on www.etenders.gov.ie using RFT ID 239049.

Renewal Options

The contracting authorities reserve the right to extend the term for a period or periods of up to 24 months with a maximum of 2 such extension or extensions on the same terms and conditions subject to either of the Contracting Authorities obligations at law as required.

CPV Codes

• 72212460 - Analytical, scientific, mathematical or forecasting software development services
• 48000000 - Software package and information systems
• 72200000 - Software programming and consultancy services

Indicators

• This is a one-off contract (no recurrence)
• Options are available.
• Renewals are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **