Posted Date : 30-06-2021 - Closing Date : 30-06-2021
Network Price Control:
Qualification and Skills
Bachelor's Degree in Economics or relevant discipline.
Master’s Degree in Economics is preferred.
Minimum of 6 years of experience, in a relevant field e.g. setting price control and tariff structure for the energy sector
Experience in energy sector regulation, including preparation of regulatory submissions, regulatory consultations and regulatory responses.
Comprehensive knowledge of pricing and tariffs in the energy sector, including the price control and tariffs structures and models, pricing models, data analytics and tools used for setting pricing
Deep Knowledge of laws and regulations, regionally and globally, in regards to electricity, water, wastewater, recycled water activities
Deep understanding of the energy sector, in Abu Dhabi, regionally and globally
Deep understanding of the strategic direction of the Abu Dhabi energy sector, the objectives for the sector and requirements of key stakeholders
Thorough understanding of the strategic direction and developments within the energy sector regionally and globally.
Ability to interpret engineering data and reports
Ability to establish and maintain effective working relationships
Ability to drive and adapt to change in a dynamic environment
Ability to work with key stakeholders, the DoE management, external parties, and advisors
Ability to scan the external environment to understand its impact on the sector and regulatory operations
Ability to provide ongoing career development, support and coaching for other Economists.
Analytical, problem solving and critical reasoning skills
Active listening and negotiation skills
Effective oral and written communication skills
Provide economic advice to the price control team and assisting in the development and implementation of a robust and modern price control model.
Lead the price control process including the review of OPEX/ex-ante and ex-post CAPEX; setting of Weighted Average Cost of Capital (WACC); identification and development of new incentives and Regulatory Instructions and Guidance (RIGs);
Develop strategy and plans for the price control reviews and implementation.
Manage and ensure the quality of various streams of analysis supporting the price control review including open, capex, incentives and financial modelling.
Supervise the analysis of operating, capital and financial costs to support the price control reviews.
Manage the review Price Control Returns (PCRs); issue RIGs / TA information guidance package and derogations; calculate and notify the annual bonus / penalty (Q factors) to the price controlled companies.
Work with the Economics Director and Sector Economics section Head to gain buy-in for price control review plans and proposals.
Keep abreast with developments in the field of economics and regulation, in particular related to price controls and incentives.
Research best practices and consider how the price control framework can best evolve and develop in the future.
Manage work on development and implementation of economic regulatory and competition framework for the energy sector.
Manage the drafting of consultation papers and other documents such that final documents are clear, transparent and robust.
Ensure the effective and timely use of consultants, and that any work of consultants is fully integrated within the price control review processes.