Energy Risk Program Compliance and Quality Assessment Services

The vendor required to provide to ensure its energy risk management program and operational capabilities comply with all applicable market rules, protocols, guidelines, and industry best practices.
- Energy risk management (ERM) program review
•    Governance and policies: assess the risk management policies, objectives, and governance structure, ensuring alignment with corporate goals and regulatory requirements. 
•    Risk identification and assessment: evaluate the systematic process used to identify, analyze, and categorize relevant market, credit, operational, and regulatory risks. 
•    Risk mitigation and control design: review the design and implementation of controls and strategies to treat identified risks, including hedging strategies (speculative trading is often prohibited), internal controls, and insurance. 
•    Monitoring and reporting: examine processes for continuous monitoring of risk indicators (kris) and internal controls, along with the reporting structure to senior management and governing bodies. 
•    Continuous improvement: evaluate the framework for regular review and update of policies and controls to adapt to evolving market and regulatory changes.
- Compliance and regulatory adherence
•    Protocols and guidelines: verify compliance with all relevant ISO and RTO protocols and operating guides, such as the council nodal protocols. 
•    Financial and creditworthiness: confirm the QSE meets the ISO and RTO's financial security and credit requirements, which may involve providing audited financial statements and credit ratings. 
•    Technical and system interface: demonstrate a functional interface with all required ISO and RTO computer systems and an ability to perform necessary testing. 
•    Business continuity and disaster recovery: evaluate the QSE backup and disaster recovery plans to ensure continued operations during disruptions.
- Operational procedures
•    Review detailed internal controls.
•    Proof of financial capability and credit standing.
•    Documentation of operational procedures for all qualified scheduling entity (QSE) functions.
•    Evidence of successful qualification testing and ongoing communication with the ISO and RTO.

- Questions/Inquires Deadline: January 16, 2026