Lead, Utilities Economics at Ibadan Electricity Distribution Company (IBEDC) Plc

Location: Ibadan, Oyo
Specialization: Social Sciences, Engineering or any relevant field

Job Description

• To ensure full compliance of IBEDC with all industry regulations governing permits, rates and pricing  

Responsibilities

• Assists in developing policies, strategies and plans for the Function to ensure full regulatory compliance
• Oversees and monitors the process for energy pricing and tariff rate and systems reliability
• Participates in regulatory agency meetings and public meetings/hearings that pertains to permits, rates and pricing
• Prepares internal report for IBEDC management (highlight findings, implications and key recommendations)
• Monitors and ensures compliance with all applicable utility commission rules, regulations and orders as it pertains to rates, pricing and system reliability
• Develops and implements long-term rate strategy and plans, including rate design, adjustment mechanisms and tariff provisions to prevent earnings erosion
• Liaises constantly with relevant Functions (Legal , Finance and Accounts, etc.) and BUs across IBEDC on regulatory related matters as it pertains to rates and pricing

Qualifications and Requirements

• Strong understanding of the business of IBEDC and related businesses in the electricity sector • Strong Knowledge of Utilities Industry
• Deep understanding and knowledge of regulatory stipulations vis-à-vis rates and permits
• Deep understanding of the laws and regulations governing the power industry
• Strong financial and business acumen financial analysis and reporting skills
• Business Performance Management
• Strong problem solving and analytical skills
• Strong negotiation skills
• Strong interpersonal skills
• Minimum Qualification: Bachelor's Degree  
• Required Experience: 10 - 15 years