Estimated Value
Up to €1,071,453
Deadline
10 April 2026
Published
16 March 2026
Type
Not specified
Overview
This notice does not commence a competitive tendering process. For the detailed requirements and relevant documentation, please see the Call for Competition, published on https://www.etenders.gov.ie/epps/cft/listContractDocument...
Description: The TSOs are developing competitive market arrangements for system services under the FASS Programme (Future Arrangements for System Services). The TSOs require that all markets under FASS are fully collateralised.
To accomplish this the TSOs require credit management services to be provided by a third party, who will assume and manage the credit risk to the TSOs, including the implementation of automated system-to-system interfaces to enable this service. (1) The primary service required by the TSOs is credit management for DASSA (Day Ahead System Services Auction) secondary trading.
Additional details
(2) A secondary element of the service is the management of a fixed amount of collateral for providers to cover other aspects of the FASS markets including but not limited to any performance related payments due to the TSOs (e.g. DASSA compensation payments) and resettlement. Full information relating to our requirement can be found in the accompanying procurement documents 'FASS PQQ and Information Memorandum'.
Please note that the value of this tender reflects the amount expected to be paid by EirGrid and SONI for this implementation and maintenance of this service. The TSOs expect that the operational costs for providing this service will be recovered from market participants, reflecting the cost to the tenderer to manage market participants’ credit cover. As such, the value of the tender reflects only the portion of the total value payable by EirGrid and SONI to the tenderer.
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Likely incumbents
Suppliers who won similar work from this buyer in the last 5 years.
- 1
GridBeyond Limited
1 contract wonlatest 1 Sept 2026ends 31 Mar 2027£6m
total awarded
- 2
Craiggore Energy Limited
1 contract wonlatest 1 Sept 2026ends 31 Mar 2027£6m
total awarded
- 3
Envishagaran Wind Farm LTD
1 contract wonlatest 1 Sept 2026ends 31 Mar 2027£6m
total awarded
- 4
iPower Flexible Energy Ltd
1 contract wonlatest 1 Sept 2026ends 31 Mar 2027£3m
total awarded
- 5
Lisburn Solar Power
1 contract wonlatest 1 Sept 2026ends 31 Mar 2027£9m
total awarded
GridBeyond Limited is the most likely incumbent based on recency and category match. To win, bidders typically need a clearly differentiated proposition or a price advantage.
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two years of filed accountsyour financial standingturnover vs contract valueyour Companies House recordcash flow for 30-day termscredit scores and ratios
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Buyer Profile
SONI LtdKey Dates
Published
16 March 2026
Submission deadline
10 April 2026
Notice type
tender
Source
find a tender
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