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Provision of Wholesale Electricity Market Forecasting Software
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Descriptions
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
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Keywords
systems analysis
coding services
IT systems
software integration
algorithm development
solution architecture
time series forecasting
requirements analysis
digital solutions
software programming
enterprise software
software consultancy
application software
application engineering
data visualization tools
packaged applications
scientific computation modules
forecast modeling software
simulation environment creation
custom software development
software package and information systems
regression analysis modules
predictive analytics engine
statistical analysis coding
mathematical solver integration
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