Senior Analyst – Management Consulting

A. About Mercados Energy Markets India Pvt. Ltd

Mercados Energy Markets India Pvt. Ltd. (Mercados) is a specialist consultancy firm, exclusively focused on business solutions in the energy and environment domain. Since the beginning of its operations in India in 2008, Mercados has been supporting clients across the energy sector value chain. We strive to promote efficient and sustainable energy markets; design effective regulations and assist energy businesses to succeed. Our approach integrates innovative, state-of-the-art techniques with practical, tailor-made solutions to solve current energy sector challenges. We have permanent offices in New Delhi (head office), Gurugram, Mumbai, Ahmedabad and Lucknow and various Project offices across India.

Mercados has a dedicated team of over 200+ (and counting) professionals and has successfully completed 800+ assignments for its esteemed clients. Mercados operates under two broad verticals, namely Management Consulting and Enterprise SaaS. While the Management Consulting Vertical provides leading edge Advisory solutions to generation companies with over 42 GWs of conventional and renewable energy-based capacities, distribution companies with over 54 million consumers and large industrial consumers: the Enterprise SaaS Vertical aims at offering tailor-made digital solutions, power portfolio management, generation planning and algorithmic trading solutions jouleOS - to Utilities in India.

Our Consulting portfolio envelopes diverse segments like Strategy and Business Growth, Policy, Economic Analysis and Regulations, Planning, Energy Markets & Simulation Models, Transaction Advisory Services, Integrated Energy Supply Services and Performance Improvement (Utility Management Services).

B. About the Role

Candidate should be able to assist in execution of assignments in Regulatory, Policy, Tariff, or Commercial related matters pertaining to Power Distribution Utilities. The person will be responsible for the preparation of Tariff Petitions along with Financial Models including power purchase portfolio FSA petitions and other commercial related petitions. Advising on the Amendments in the different Regulations, Acts, Policies, and Plan etc. and periodic review of regulatory developments in SERC / CEA/ MOP. Candidate will be responsible for providing comprehensive support to Power Distribution Utility in all day-to-day and routine regulatory matters pertaining to State Regulatory Commission. The key responsibilities of this role will include the following:

C. Detailed expectations from the role

Petition filing and Compliance:

• Prepare and file ARR, Tariff Petition, True-up Petition, and Annual Performance Review Petition for all DISCOMs within the contract period.
• Ensure compliance with outstanding directives issued by SERC and prepare compliance reports.
• File the MYT Petition for the next control period during the engagement and submit FSA petitions quarterly to the Hon&aposble Commission.
• Prepare petitions in accordance with SERC regulations, covering performance trajectory, sales and demand forecast, and investment and financing plans.

Studies and Reports:

• Conduct various studies recommended by the commission (SERC), including cost-of-service studies for different categories or voltage levels.
• Assist in preparing a report on compliance with directives issued by SERC in previous orders.

Analysis of Orders:

• Analyze MYT/Tariff Orders issued by SERC and assess the approval of costs versus claims, presenting rationales for disallowance and financial/operational impact assessments.
• Assist in filing review petitions before SERC, if required.
• Handle filing and responses to petitions before SERC during public hearings.
• Analyze SERC orders pertaining to Power Distribution Utility, assess the impact, and recommend further action, including filing review petitions, if necessary.

Business Plan Preparation:

• Prepare the Business Plan for Power Distribution Utility as required by SERC or regulatory mandates.
• Provide supporting data and information for justifying business plans and MYT petitions.
• Analyze draft and final regulations, orders, rules, codes, and notifications issued by SERC.
• Assess the impact on finances and operations and recommend necessary actions.
• Provide inputs on draft regulations, orders, rules, codes, and notifications when required.

Required skill set

• Proven experience in handling regulatory matters within the electricity distribution sector.
• Familiarity with distribution schemes in the energy industry.
• Strong analytical and problem-solving skills.
• Excellent communication and collaboration abilities.
• Ability to develop and implement effective strategies.
• Capacity to work independently and as part of a team.
• Flexibility to adapt to dynamic and evolving requirements.
• Strong interpersonal and Communication skills.
• Proficiency in MS Office (Word, Excel and Power point)

Education and Experience

• BE/B. Tech (preferably in Electrical) plus MBA (preferably in Power or Finance), or CA
• At least 3 years of relevant experience

Work Location

• Hisar, Haryana
• Open to travel for project execution and management.

Remuneration Structure

• We offer a motivation based and competitive reward package.