Overview
Economist- Price Control Jobs in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates at Department of Energy Abu Dhabi
Title: Economist- Price Control
Company: Department of Energy Abu Dhabi
Location: Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates
- The Economist – Price Control is responsible for assisting the Section Head in developing and implementing a robust and modern price control for the energy sector, which includes electricity, water, recycled water, and wastewater.
- In addition, the Economist – Price Control is responsible for assisting the Section Head in managing the development of an incentive framework for the distribution, transmission, and business of energy licenses, as well as a competitive regulatory framework for procurement and operations of energy generation.
- Furthermore, The Economist – Price Control is in charge of managing the price control review process, the development of appropriate incentives, and the development of information requirements over time for any energy-related activities in the energy sector.
Key Responsibilities:
- Assist the price control team and assisting in the development and implementation of a robust and modern price control model.
- Assist in the price control process, which includes reviewing operating expenses/estimated and actual capital expenditures and calculating the weighted average cost of capital; identifying and developing new incentives; and developing regulatory directives.
- Assist in managing the review of 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.
- Provide support to the various analysis groups supporting the price control review including opex, capex, incentives, and financial modelling.
- Provide Assistance to senior staff of the Section in the review of sector companies’ financial performance over the years and against the price control targets.
- Support the process of the analysis of operating, capital, and financial costs to support the price control reviews.
- Update and support the development of professional databases, which include financial price and consumption models monitoring.
- Collaborate with the sector’s head of price control and head of economic affairs to gain support for price control plans and their proposals in this regard.
- Manage the drafting of consultation papers and other documents so that the final products are clear, transparent, and accurate.
- Develop processes and checks on analysis to ensure that the calculations underlying price controls are robust and transparent.
- Undertake any other duties as required by the Senior Economist- Price Control or Price Control Section Head
Qualifications
- Bachelor’s degree in economics or relevant discipline
- Master’s degree in economics is preferred
Experience
- Minimum of 5 years of experience in relevant field.
- Experience in energy sector regulation, including preparation of regulatory submissions, regulatory consultations, and regulatory responses