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Position summary & job purpose:
We are recruiting for an experienced Senior Energy Economist to be responsible for serving as our Energy Security Project team’s technical expert in the economics of competitive gas and electricity markets, the economics of natural monopolies, modern tariff policy and regulation, competitive market models, market monitoring, low-income subsidy policy, renewable energy support mechanisms, regulatory accounting and reporting, and cost-benefit analyses and feasibility studies for sector investments. The Senior Energy Economist will carry out or lead activities such as: assessing national plans (particularly with respect to energy development and utilization); assessing the viability of new investment and its attractiveness to investors; assessing the impact of capacity remuneration mechanisms and other support for security of the energy system, conducting economic analyses of alternative approaches to energy and/or environmental policies; evaluating the economic impacts of energy and/or environmental policies, especially the pricing of energy commodities (on the supply and demand side); the estimation of trends in energy demand as a result of different pricing policies; assisting Ukraine in developing financing schemes for energy and infrastructure projects; and developing policy options for implementation of renewable energy. This position will report to the Deputy Chief of Party-Technical.
ESP’s mission is to enhance Ukraine’s energy security, improve its energy sector’s legal and regulatory environment, and increase the resilience of Ukraine’s energy supply to support the country’s economic development and sustain its democracy. ESP is working closely with the Government of Ukraine (GOU) to develop competitive energy markets and facilitate investments to provide affordable, reliable, resilient, and secure energy services for all Ukrainians. Learn more about the Energy Security Project here.
Position responsibilities:
- Assess national plans (particularly with respect to energy development and utilization);
- Assess the financial performance of energy sector operating companies (electricity, gas, and municipal/district heating), identify the potential financial bottlenecks and root causes, proposing corrective actions (entity-level and policy-level) for their elimination and ensuring the sector’s financial sustainability;
- Evaluate the economic impacts of energy and/or environmental policies, especially the pricing of energy commodities (on the supply and demand side) through the electricity market model and gas wholesale market model;
- Assess the viability of new investment and its attractiveness to investors; conduct economic analyses of alternative approaches to energy and/or environmental policies;
- Estimate trends in energy demand as a result of different pricing policies – household public service obligations (PSOs), Gas PSOs, RE PSOs, cost reflective tariff introduction;
- Develop PSO phase out plans for households both in electricity and gas markets;
- Assist Ukraine in developing financing schemes for energy and infrastructure projects;
- Develop policy options for the implementation of renewable energy and keeping the RE sector sustainable, prepare a Green Paper for the Renewable Energy Feed-in-Tariff (REFIT) remedy plan including a roadmap for its implementation;
- Support to the sector regulator (NEURC) with respect introduction and application of regulatory asset base-oriented (RAB) tariffs through developing sector/entity specific models and suggestions for improvement of building blocks – methodology, weighted average cost of capital (WACC), RAB composition, investment programs structure and prioritization, etc.;
- Support to NEURC with respect to their regulatory audit practice mainly through providing recommendations and suggestions to work programs and processes as well as penalty assessment;
- Support and work with regulators and trading platforms for the development of standardized products and unified trading approaches and settlement through the development of standard products and trading rules books, development of a proposed target market model and clearing road map supported by a proper financial model;
- Support technical workstreams in electricity, gas, and district heating by developing financial models and other models providing quantifiable data for evidence-based analysis;
- Continuously update the war’s impact on the electricity and gas sectors through modeling; and
- Execute continuous proposal for improvement of primary and secondary legislation in relation to other discrete aspects of the energy sector, including PSO amendments, tariff setting, regulatory effectiveness, and market efficiency.
Essential KSAs required (experience, skills, education, certification, etc.):
- Advanced degree (master-level or higher) in business, economics, finance or a related field;
- 15 years of experience with energy sector economic analyses;
- Five years of experience working with energy regulators;
- Experience in the development of cost-benefit analyses for investment projects prioritization and assessment;
- Experience in cost-reflective tariff setting and implementation of incentive-based tariff regulation;
- Familiarity with energy planning models for conducting cost of new entry calculations, least-cost analyses;
- Five years of experience in the Eastern Europe region; and knowledge of Ukrainian (Russian) is of distinct advantage.
Line management responsibility:
- +5 staff
Physical demands & work environment:
- Field office setting with regional and international travel expected.
About Tetra Tech:
Tetra Tech combines the resources of a global, multibillion-dollar company with local, client-focused delivery in more than 470 locations around the world. Our reputation rests on the technical expertise and dedication of our employees—22,000 associates working together to provide smart, scalable solutions for challenging projects. We are proud to be home to leading technical experts in water, environment, infrastructure, resource management, energy, and international development.
Explore our open positions at https://www.tetratech.com/careers. Follow us on social media to learn more about our people, culture, and opportunities:
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Tetra Tech is proud to be an Equal Opportunity Employer. Diversity, inclusion, and equity are among Tetra Tech’s core values. Throughout our history, the company has prioritized equitable inclusion of all people. All qualified candidates will be considered without regard to race, color, religion, national origin, military or veteran status, gender, age, disabilities, sexual orientation, gender identity, pregnancy and pregnancy-related conditions, genetic information and any other characteristics protected by the law. We invite resumes from all interested parties. Please visit our website at www.tetratech.com to see the array of diverse services and exciting projects we are currently working on.
Tetra Tech is a VEVRAA federal contractor and we request priority referral of veterans for available positions.
We thank all applicants for their interest, however, only those candidates selected for interviews will be contacted.
Please no phone calls or agencies.
