Manager-Policy & Regulatory

3 months ago

Panchkula, India Mercados Energy Markets India Full time
A) About the Role: Candidate should be able to assist in execution of assignments in Regulatory, Policy, Tariff, or Commercial related matters pertaining to Power Distribution Utilities. The person will be responsible for the preparation of Tariff Petitions along with Financial Models including power purchase portfolio FSA petitions and other commercial related petitions. Advising on the Amendments in the different Regulations, Acts, Policies, and Plan etc. and periodic review of regulatory developments in SERC / CEA/ MOP. Candidate will be responsible for providing comprehensive support to Power Distribution Utility in all day-to-day and routine regulatory matters pertaining to State Regulatory Commission. The key responsibilities of this role will include the following:

B) Job Responsibilities: Petition filing and Compliance:

Prepare and file ARR, Tariff Petition, True-up Petition, and Annual Performance Review Petition for all DISCOMs within the contract period. Ensure compliance with outstanding directives issued by SERC and prepare compliance reports. File the MYT Petition for the next control period during the engagement and submit FSA petitions quarterly to the Hon'ble Commission. Prepare petitions in accordance with SERC regulations, covering performance trajectory, sales and demand forecast, and investment and financing plans. Studies and Reports:

Conduct various studies recommended by the commission (SERC), including cost-of-service studies for different categories or voltage levels. Assist in preparing a report on compliance with directives issued by SERC in previous orders. Public Hearing Representations:

Attend public hearings on Tariff Proposals of Power Distribution Utility as directed by SERC. Provide detailed written replies to objectors' suggestions and queries from SERC during the Public Hearing. Support Power Utility in oral responses to queries during public hearings. Analysis of Orders:

Analyze MYT/Tariff Orders issued by SERC and assess the approval of costs versus claims, presenting rationales for disallowance and financial/operational impact assessments. Assist in filing review petitions before SERC, if required. Handle filing and responses to petitions before SERC during public hearings. Analyze SERC orders pertaining to Power Distribution Utility, assess the impact, and recommend further action, including filing review petitions, if necessary. Business Plan Preparation:

Prepare the Business Plan for Power Distribution Utility as required by SERC or regulatory mandates. Provide supporting data and information for justifying business plans and MYT petitions. Analyze draft and final regulations, orders, rules, codes, and notifications issued by SERC. Assess the impact on finances and operations and recommend necessary actions. Provide inputs on draft regulations, orders, rules, codes, and notifications when required. Data Collection and Analysis:

Develop data collection formats and gather necessary data from each utility. Perform data analysis and validate data for accuracy.

C) Required skill set Proven experience in handling regulatory matters within the electricity distribution sector. Familiarity with distribution schemes in the energy industry. Strong analytical and problem-solving skills. Excellent communication and collaboration abilities. Ability to develop and implement effective strategies. Capacity to work independently and as part of a team. Flexibility to adapt to dynamic and evolving requirements. Strong interpersonal and Communication skills. Proficiency in MS Office (Word, Excel and Power point)

D) Education and Experience BE/B. Tech (preferably in Electrical) plus MBA (preferably in Power or Finance), or CA Atleast 5 years of relevant experience

E) Work Location Panchkula, Haryana

F) Remuneration Structure We offer a motivation based and competitive reward package.

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