The Nigerian Electricity Regulatory Commission (NERC) is the independent regulatory agency mandated by Government to monitor and regulate the electricity industry in Nigeria. The Commission is committed to promoting and ensuring efficient market structures and an investor-friendly industry to meet Nigeria's need for safe, adequate, reliable and affordable electricity.
To drive the achievement this mandate, the Commission seeks to recruit qualified professionals for vacant positions in the Office of the Chairman and its 6 specialized Divisions.
NERC is recruiting to fill the position of:
Job Title: Analyst I - Assistant Manager, Tariff and Rates
Job summary:
The job holder will work in one of the teams within the Group tasked with responsibility for developing tariff methodologies, effective implementation of tariff regulations in one of the different regulated sectors of the electric industry. S/He will report to the team leader responsible for the relevant regulated sector.
Key Responsibilities
Assists in the determination of appropriate methodologies, policies, procedures and guidelines for regulating electricity tariffs
Performs a tariff affordability tests to estimate the impact on tariffs of new power procurement
Analyses the impact of Power Purchase Agreements on tariffs
Assists in the review of tariff filings and applications
Assists in analysing cases for hearing, and assist with the organization of public hearings or any other regulatory proceeding to obtain any required information, representation or objection, to ensure that the proposed change in tariff is fair to all stakeholders (licensees and consumers)
Conducts the necessary analysis and provide input into the determination of license fees, levies and other charges
Collects and collates data and information necessary for the review of new tariffs or existing tariffs, and assist in the review exercise
Assists in the organization of periodic meetings of tariff review committee including administrative support
Assists in the assessment of fees and charges and their implications
Assists in the preparation of periodic reports pertaining to the activities of the Tariff and Rates Unit
Ensures effective filing of data and information pertinent to Tariff and Rates Unit
Assists in the management of relevant consultancies in the unit
Required Knowledge and Skills
Must demonstrate good understanding of the current status of the NESI, the current reform imperatives and the electricity market structure mandated by the Electric Power Sector Reform Act, 2005
Must demonstrate good understanding of tariff determination methodologies, particularly in the Nigerian Electricity Supply Industry (NESI)
Must demonstrate good computer and quantitative skills, learning/training in econometrics or regulatory economics
High quality written and oral communication skills and the ability to research, draft and present scholarly papers and presentations on key regulatory and tariff-related concepts and initiatives to a wide range of audiences
Proven ability to perform independent research
Ability to learn and apply listening and negotiation skills
Self-starting, proactive and self-censoring with capacity for independent thought and analysis
Focus on high standards and quality
Firm ethical grounding, discipline and integrity
Good organisational and leadership skills
Good knowledge of project management and evaluation
Educational Background
Bachelor's degree in any of the following disciplines – Engineering, Economics, Mathematics, Statistics, Accountancy, Banking & Finance or other numerate discipline – with a minimum of second class upper (2.1) if a holder of only a bachelor’s degree or a minimum of a good second class lower (2.2) in the disciplines listed above plus a relevant thesis-driven postgraduate qualification from a reputable tertiary institution
Relevant professional qualifications in any of the disciplines listed above
Work Experience
Minimum of 4 - 6 years’ post graduate experience
Possess relevant working experience, from related sector/organisation with demonstrable understanding of or practical electricity sector experience
Real experience of working in or leading multi-disciplinary teams under tight timelines would be an added advantage
Experience in financial or economic modelling and analysis and statistical techniques will be a definite advantage