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”).

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 Services in Lot 2 relate to the all-island Single Electricity Market (“SEM”) specifically the Capacity Remuneration Mechanism (“CRM”). The Services for Lot 2 comprise providing the SEM with a Capacity Market Auditor to conduct an audit of the Capacity Market Code for a multi-year period.