Price Control Section Head
16 hours ago
**The overall goal of the job: -**
The head of price control is responsible for ensuring the development and implementation of strict and up-to-date price controls within the energy sector, including electricity, water, recycled water, and sewage.
The Head of Price Control is responsible for managing the preparation of an incentive framework for the distribution and transfer of energy licenses and a competitive regulatory framework for energy procurement and generation.
The Head of Price Control is responsible for managing the process of reviewing price controls, creating appropriate incentives, and managing information requirements over time for any energy-related activities within the sector.
**Specialized tasks: -**
- Provide economic advice to the price control team and help develop and implement a modern and robust price control model.
- Lead the price control process including reviewing operating expenses/expected value and actual value of capital expenditures; setting the weighted rate of capital cost; and identifying and developing new incentives with regulatory instructions and guidance.
- Manage price control revenue review (PCRs); issue regulatory instructions and guidelines/technical assistance information guidance package and exceptions; calculate annual incentives/fines and notify (quality factors [Q] companies that monitor prices.
- Draw up strategy and charts for price control reviews and implementation.
- Manage and ensure the quality of various analysis systems/pathways supporting price control systems including operational expenses, capital expenditures, incentives and financial models.
- Overseeing the analysis of operational, capital and financial costs to support price control systems.
- Develop procedures and monitoring of analyses to ensure that the calculations on which price control systems are built are strong and transparent.
- Lead the process of setting timetables for price control systems.
- Work in coordination with departments/departments/teams of the Energy Department to ensure that all relevant technical groups participate in the launch of price control initiatives and incentive measures.
- Working with the Head of Economic Affairs and head of the sector's economic affairs department to obtain support for price control plans and proposals in this regard **.**:
- Keeping up with developments in economics and regulations, particularly with regard to price control and incentives.
- Find best practices and study how the price framework can optimally shape and evolve in the future.
- Managing and implementing an economic regulatory framework and a competitive framework for the energy sector.
- Ensure that consultants are used effectively and in a timely manner, and that any work for them is integrated into price controls.
- Manage the process of drafting consultation papers and other documents so that the final documents are clear, transparent and accurate.
- Develop procedures and monitoring of analyses to ensure that the calculations on which price control systems are built are strong and transparent.
- Ensure that there is a high-quality personal development plan for each team member and that this plan is implemented and reviewed on a regular basis.
- Lead financial analysis and assist other team members in ensuring that the Energy Department's area cooling data analysis is well supported, relevant and reliable and clearly delivered to licensees.
- Carry out any other tasks as requested by the Director of the Department of Economic Affairs.
**Job requirements: -**
**Qualifications**
- Bachelor's degree in economics or in a related discipline, prefers to earn a master's degree in economics.
**Experiences**
- Experience of at least 6 to 8 years in a similar field such as price control and tariff structure in the energy sector.
- Experience in regulatory affairs, which is the development of instructions and regulations related to the energy sector, including requests, consultations, regulatory responses and regulations and instructions.
**Knowledge, abilities and skills Knowledge**
- Comprehensive knowledge of tariffs and pricing in the energy sector, including tariff models, price control, pricing models, data analysis and price-setting tools.
- Full briefing on laws and regulations, regionally and globally, with regard to electricity, water, sanitation and recycled water activities.
- Knowledge of Abu Dhabi's energy sector, regionally and internationally.
- A thorough knowledge of the strategic directions of the energy sector in Abu Dhabi and an understanding of the sector's objectives and the requirements of key partners and stakeholders.
- A comprehensive understanding of strategic trends and development projects in the energy sector regionally and globally.
**Capacity**
- The ability to understand and visually understand engineering data and reports.
- The ability to build and maintain strong business relationships.
- The ability to drive change and adapt to chan
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