Number: 4945828
Country: Ireland
Source: TED
Provision of Capacity Auction Monitor and Capacitity Market Auditor for the I-SEM Project
The services 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 2.6.2017. The first capacity auction within the CRM is due to be held in 12.2017. The services comprise providing the SEM with a Capacity Auction Monitor and Capacity Market Auditor to respectively monitor the capacity auctions process and conduct an audit of the Capacity Market Code for a multi-year period.
Provision of Capacity Auction Monitor for the I-SEM Project
The Capacity Auction Monitor shall monitor the processes and procedures followed by the System Operators in carrying out the qualification process, conducting capacity auctions and related activities under the Capacity Market Code and in accordance with the terms of reference determined by the Contracting Authorities.
The Contracting Authorities reserve the right to extend the term for a period or periods of up to 12 months with a maximum of 1 such extension or extensions on the same terms and conditions subject to either of the Contracting Authorities obligations at law as required.
Provision of Capacity Market Auditor for the I-SEM Project
The Capacity Market Auditor shall conduct an audit of the operation and implementation of the arrangements, procedures and processes under the Capacity Market Code at least once a year, in accordance with the terms of reference determined by the Contracting Authorities.