Economist – Pricing job at Electricity Regulatory Authority


Electricity Regulatory Authority

Economist – Pricing job Post

Location:  Jobs in Uganda 2022 - 2023


Work Hours: Full-time, 08 hours per day

Salary: UGX

No. of vacancies: 01

Deadline: 11 March 2022

Hiring Organization: Electricity Regulatory Authority

Job Details:

The Electricity Regulatory Authority is a Statutory Body established in the year 2000, in accordance with the Electricity Act, 1999, (Chapter 145 of the Laws of Uganda) to regulate the Generation, Transmission, Distribution, Sale, Export and Import of Electrical Energy in Uganda.
ERA is mandated by the Electricity Act, 1999, to issue electricity Generation, Transmission, Distribution, Sale and Import Licenses, set License conditions and ensure compliance to License conditions by Licensees. ERA is also mandated to establish a tariff structure, approve rates of charges among other functions. ERA is committed to ensuring a sustainable Electricity Supply. To fulfil its mandate ERA seeks to engage the services of dedicated, competent, innovative and result‐oriented individuals for employment on contract basis for the posts below;

Job Title: Economist – Pricing
No of Vacancy: 01
Terms: Initial Five (5) Year Contract. Subject to renewal, upon satisfactory performance
Reports to Manager – Pricing
Job Purpose
1. Analyse the performance of the licensee’s vis a vis the assumptions embedded in the tariffs.
2. Analyse financial feasibility of the licensees and validate financial claims through effective reconciliations.

Duties/Responsibilities, and Competences for the Job:
1. Monitor the Financial Performance of Licensees vis‐à‐vis the assumptions embedded in the Tariffs Approved by the Authority.
2. 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).
3. 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).
4. Review the Tariffs of the Licensees as per the provisions of each License.
5. Liaise with the Finance Department and participate in the Investment Verification Exercise for Licensees.
6. Review the Budgets of Licensees in liaison with the Finance Department.
7. Carryout Periodic Reconciliations of Licensees’ Performance to establish the Financial Position of the Licensees.
8. Contribute to the production of the periodic Industry Performance Reports.
9. Develop and maintain Financial Models for various Licensees and establish the necessary database to update these Financial Models.
10. Prepare Quarterly and Annual Reports on the Financial and Commercial Performance of the Licensees.
11. Analyse and advise on the Electricity Supply Industry Investment Requirements and quantify the impact on the Tariff Path.


Academic Qualifications and Working Experience:
• Bachelor’s Degree in Finance and Accounting, Finance, Commerce, Business Administration, Financial Economics, Economics, Quantitative Economics, or Statistics.
• Must have a 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.

Application procedure

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;  not later than 5.00 pm. 11th March, 2022 quoting the position of interest in the subject line.
Applications should be addressed to:
The Executive Director, PILA Consultants Ltd.
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.

Date Posted: 2022-03-07

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