Merx #RFP-1491

IESO Solicits Third-Party Audit Services for Electricity Pricing and Forecasting Technology

This opportunity involves the Independent Electricity System Operator (IESO) of Canada seeking third-party audit services for its electricity pricing and forecasting technology. - Government Buyer: - Independent Electricity System Operator (IESO), Ontario, Canada - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Products/Services Requested: - Third-party audit services to independently review calculation algorithms used in installed technology - Focus on day-ahead, pre-despatch, and real-time calculation engines - Assessment of compliance with Market Rules - Achievement of defined audit milestones - Unique or Notable Requirements: - Only audit services are required; no products or hardware are being procured - Contract duration is one year, with options for two additional one-year periods - The audit must cover compliance with specific regulatory requirements (Market Rules)

Description

This Request for Proposal (RFP) is issued by the Independent Electricity System Operator (IESO) for third-party audit services. The scope involves an independent review of calculation algorithms used in technology supporting electricity pricing and forecasting, ensuring compliance with Market Rules for day-ahead, pre-despatch, and real-time calculation engines. The contract duration is one year with options for two additional one-year periods. The preferred proponent must meet specified milestones as part of the audit process.

View original listing