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

Job Description

This Job role guides/pilots IBEDC’s alignment with all industry regulations governing Nigerian electricity markets to minimize losses occasioned by Market Settlement transactions.

Job Requirements

• A first degree in Social Sciences, Engineering, or any relevant field.
• A relevant postgraduate degree will be an added advantage.
• Membership of relevant professional bodies.
• At least 7 years experience in a regulatory function with at least 5 years in a supervisory position within the utility industry or a closely related industry with at least 5 years in a supervisory role

Technical Requirements

• Adequate knowledge and understanding of the Nigerian Electricity Supply Industry (NESI).
• 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 

Behavioral competencies

• An analytical mindset with good problem-solving skills.
• Attention to Detail.
• Excellent written and verbal communication skills.
• Excellent organizational skills.
• Strong interpersonal skills.
• Able to manage sensitive and confidential information.

Job Responsibility

• Assists in developing policies, strategies, and plans for the Function to ensure full regulatory compliance.  
• Works closely with relevant internal officers to review and advise on issued Monthly Market Settlements.  
• Monitoring the process of energy pricing and tariff rate.
• Participates in regulatory agency meetings and public meetings/hearings about electricity markets.  
• Prepares internal reports pertaining to electricity market trends for IBEDC management.   
• Assist in developing long-term rate strategy and plans to prevent earnings erosion.
• Liaises constantly with relevant Functions pertaining to revenue assurance.
• Performs other sundry assignments as directed by the Head, of regulatory.