Review of Regulatory Accounting System Model

The Department is inviting bids for the appointment of a qualified service provider to conduct a comprehensive review of the Regulatory Accounting System (RAS) model currently in use. This model is crucial for accurately determining the appropriate margins for retail, wholesale, secondary storage, and secondary distribution operations. The successful bidder will be expected to analyze the existing framework, identify areas for improvement, and propose enhancements that align with regulatory standards and best practices.

The project duration is set for 16 months, during which the service provider will engage with various stakeholders to gather insights and data necessary for a thorough evaluation. Key deliverables will include a detailed report outlining findings, recommendations for model adjustments, and a roadmap for implementation. This initiative is critical for ensuring that the Department maintains compliance with regulatory requirements while optimizing operational efficiency and cost-effectiveness in the sector.

By participating in this tender, businesses will have the opportunity to contribute to a significant regulatory framework that impacts the broader industry. The successful implementation of the revised RAS model is expected to enhance transparency and fairness in pricing structures across the retail and wholesale markets, ultimately benefiting consumers and businesses alike.