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Electricity Markets Specialist

Electricity Markets Specialist

MECS AfricaPretoria, South Africa
1 day ago
Job description

Requirements :

  • Bachelors Degree (NQF 7) in Economics, Finance, Statistics, or a related field as recognized by SAQA
  • 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 :

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
  • 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 company in national and regional energy regulatory forums on market oversight

    • Reporting and Advisory Support :

  • Prepare technical reports and discussion papers
  • Provide input into decision-making processes regarding market conduct and competition
  • Advise on regulatory risks and emerging market developments
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    Specialist Market • Pretoria, South Africa