Economist – Pricing Job Opportunities – Electricity Regulatory Authority (ERA)

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Job Title:   Economist – Pricing  

Organization: Electricity Regulatory Authority (ERA)

Duty Station: Kampala, Uganda

Reports to: Manager – Pricing

 

About ERA:

The Electricity Regulatory Authority (ERA) is a statutory body established in accordance with the Electricity Act, 1999 (Chapter 145, Laws of Uganda). The Act empowers ERA to regulate the Generation, Transmission, Sale, Export, Import and Distribution of electrical energy in Uganda.

 

Job Summary:  The Economist – Pricing will analyse the performance of the licensee’s vis a vis the assumptions embedded in the tariffs. The jobholder will also analyse financial feasibility of the licensees and validate financial claims through effective reconciliations.

 

Key Duties and Responsibilities:

  • Monitor the Financial Performance of Licensees vis‐à‐vis the assumptions embedded in the Tariffs Approved by the Authority.
  • Monitor Financial Transactions between the Uganda Electricity
  • Transmission Company Limited (UETCL) and the Generation as well as Distribution Companies to ensure that they are in accordance with the Tariff Methodologies in the respective Licenses and as harmonized in the respective Power Sales Agreements (PSAs) and Power Purchase Agreements (PPAs).
  • Evaluate the Economic (Commercial and Financial) Feasibility Studies submitted by Intending Developers as well as Licensed Companies and advise on the appropriate Return on Investment (ROI) and the Weighted Average Cost of Capital (WACC).
  • Review the Tariffs of the Licensees as per the provisions of each License.
  • Liaise with the Finance Department and participate in the Investment
  • Verification Exercise for Licensees.
  • Review the Budgets of Licensees in liaison with the Finance Department.
  • Carryout Periodic Reconciliations of Licensees’ Performance to establish the
  • Financial Position of the Licensees.
  • Contribute to the production of the periodic Industry Performance Reports.
  • Develop and maintain Financial Models for various Licensees and establish the necessary database to update these Financial Models.
  • Prepare Quarterly and Annual Reports on the Financial and Commercial
  • Performance of the Licensees.
  • Analyse and advise on the Electricity Supply Industry Investment
  • Requirements and quantify the impact on the Tariff Path.





Qualifications, Skills and Experience:

  • The applicant must hold an Bachelor’s Degree in Finance and Accounting, Finance, Commerce, Business Administration, Financial Economics, Economics, Quantitative Economics, or Statistics.
  • Professional Qualification such as ACCA, CPA or CFA.
  • Must have at least three (03) years of relevant working experience in a credible organization.
  • Should be below 30 Years of age.

 

How to Apply:

If you believe you have the relevant qualifications and experience, please send your detailed Application and CV demonstrating possession of the relevant competencies, current position, names and addresses of three referees via email to pila3consultants@gmail.com quoting the position of interest in the subject line. Applications should be addressed to: The Executive Director, PILA Consultants Ltd.

 

Only shortlisted candidates will be contacted. For further details please contact:

 

Deadline: 11th March 2022 by 5:00pm

 

N.B: Members of the Electricity Regulatory Authority or Staff of ERA shall not be accepted as referees. Canvassing or any attempt thereof will lead to immediate disqualification. ERA is an equal opportunity employer.

 

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