Electricity Market Specialist JHB 3 Year FTC
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Job Location:
Durban - South Africa
Monthly Salary:
Not Disclosed
Posted on:
3 days ago
Vacancies:
1 Vacancy
Job Summary
Job Specification
Our client is seeking an Electricity Market Specialist to join their team for a 3 year fixed term contract. The successful candidatewill be required to perform regulatory oversight to the emerging electricity market by monitoring market behaviour assessing competition dynamics and advising on regulatory interventions to promote transparency efficiency and fairness. The incumbent will analyse market operations assess compliance with market rules investigate anti-competitive conduct and contribute to the development of market surveillance frameworks and tools in line with international best practices. This role will ensure that the newly established electricity market operates in a manner consistent with the objectives of the amended Electricity Regulation Act national energy policy and the companysmandate to protect consumers and promote sustainable sector development.
Qualifying Criteria:
- Bachelors Degree (NQF 7) in Economics Finance Statistics or a related field
- Postgraduate qualification in Economics Finance Statistics or a related field will be an advantage
- Minimum of six (6) years experience in electricity markets energy regulation competition analysis or utility economics
- Experience in analysing market behaviour energy pricing or economic modelling
- Exposure to market monitoring compliance or enforcement within a regulated industry
- Familiarity with the structure and functioning of electricity trading markets power pools or system operations
- Experience working with large datasets and market information systems will be an advantage.
Key Responsibilities (Not limited to):
- Market Monitoring and Analysis: - Monitor the behaviour of market participants to detect market manipulation abuse of dominance or anti-competitive practices
- Analyse market data to identify trends inefficiencies and pricing anomalies across the wholesale and retail electricity markets
- Develop and maintain performance indicators and dashboards for continuous market surveillance
- Conduct market performance reviews and prepare regular monitoring reports for management and the Regulator
- Regulatory Framework Development: - Support the development and implementation of rules codes and guidelines governing market operation competition and transparency
- Assist in designing regulatory instruments that align with the Electricity Regulation Act and evolving market structure (including the Market Operator and Transmission Entity)
- Contribute to drafting regulatory proposals and recommendations to enhance market competitiveness and efficiency
- Investigation and Compliance: - Conduct investigations into suspected anti-competitive conduct collusion or market abuse
- Support enforcement actions and recommend corrective measures where non-compliance is identified
- Collaborate with the Legal and Compliance units to ensure due process and fair regulatory practice in enforcement actions
- Market Design and Research: - Research and benchmark international electricity market structures and regulatory approaches
- Analyse models of market liberalisation power exchanges and balancing mechanisms to inform themarket design framework
- Provide technical advice on market rules settlement mechanisms and trading arrangements
- Stakeholder Engagement: - Engage with the Market Operator System Operator generators traders and other market participants to obtain relevant data and insights
- Participate in consultations workshops and forums to promote understanding of market surveillance requirements
- Represent the departmentin national and regional energy regulatory forums on market oversight
- Reporting and Advisory Support: - Prepare technical reports discussion papers and submissions for the Head of Department and Regulator Committees
- Provide input into decision-making processes regarding market conduct and competition
- Advise the Head of Department on regulatory risks and emerging market developments.
Should you meet ALL of the above requirements please send your CV to
Disclaimer: Should you not hear from us within 2 weeks please consider your application unsuccessful.
Required Experience:
IC
Key Skills
- Microsoft Access
- SQL
- Analysis Skills
- Microsoft Powerpoint
- Securities Law
- Data Mining
- Investment Banking
- Market Research
- Microsoft Excel
- Visual Basic
- Bloomberg
- Data Analysis Skills
