Senior Manager / Manager - Management Consulting

Mercados Energy Markets India Pvt. Ltd.; Lucknow; On-site; INR 1,800,000 - 3,200,000; Full time

Benefits offered by this job

Competitive reward package

Job summary

Mercados Energy Markets India Pvt. Ltd. seeks a Tariff Expert with a strong background in power sector tariff matters. The role focuses on end-to-end tariff analyses, regulatory filings, and stakeholder engagement to support distribution utilities in price-setting and compliance.

The Senior Manager/Manager will oversee ARR, MYT, and True-up petitions, collaborate with clients, and prepare regulatory notes and presentations for leadership. Open to travel for project execution and management.

Qualifications

• Strong hands-on experience in financial and tariff modelling for the power sector.
• Experience in drafting regulatory notes, comments and filings before authorities.
• Proficient in data analysis, stakeholder communication and presenting findings.

Responsibilities

• Lead preparation and submission of ARR, MYT and True-up petitions.
• Prepare regulatory notes, issue briefs and presentations for senior management.
• Draft responses to deficiency notes and regulatory authorities.
• Coordinate with clients to deliver timely and high-quality regulatory deliverables.
• Support in regulatory due diligence, policy interpretation and amendments.

Skills

Tariff modelling

Regulatory analysis

ARR & MYT

Policy analysis

Data analysis

Presentation skills

Communication

Teamwork

Education

B.Tech with MBA

MBA in Finance/Power/Energy Management

Job description

Mercados Energy Markets India Pvt. Ltd. (Mercados) is a specialist consultancy firm, exclusively focused on business solutions in the energy and environment domain.

Having begun our operations in India in 2008 supporting clients across the energy sector, 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), Gurgaon, Mumbai, Ahmedabad, Pune and Lucknow.

Mercados has presence across the Energy Value Chain and serves Clients both in the public and private domain. Mercados operates under two broad verticals, namely ‘Management Consulting’ and ‘Enterprise SaaS’. 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:

The Tariff Expert shall be responsible for preparation, filing and follow-up of Tariff Petitions, Multi-Year Tariff (MYT) Petitions, True-up Petitions and Annual Revenue Requirement (ARR) filings for Distribution Utilities. The role shall involve end-to-end tariff analysis including power purchase cost, transmission and wheeling charges, distribution and AT&C losses, subsidy requirements, regulatory assets and carrying cost, in accordance with applicable regulations, tariff policies and prevailing regulatory practices.

The Tariff Expert shall also be responsible for drafting and submission of replies to deficiency notes, responses to stakeholder objections and compliance filings before the Appropriate Commission, along with interpretation and application of Regulations, Tariff Orders, True-up Orders and prepare comments on regulatory amendments issued by SERC/CERC/CEA/MoP. Further, the role shall include preparation of regulatory notes, concept papers, issue briefs and presentations for senior management and for representation in regulatory proceedings, meetings and workshops.

C. Detailed expectations from the role:

The Senior Manager / Manager – Management Consultant will be reporting to the Project Leader and shall be responsible for effective execution of regulatory and tariff-related assignments. The key (broadly indicative) expectations shall be as below:

• Maintain continuous oversight of energy policies, regulations, tariff frameworks and incentive mechanisms, with specific focus on power distribution, power procurement and renewable energy integration.
• Lead preparation and submission of regulatory comments, responses and analytical notes on tariff petitions, true-up filings and related proceedings filed by distribution companies and other stakeholders.
• Analyze policy implications, assess their impact on project development and provide recommendations to clients.
• Develop Annual Revenue Requirement (ARR), Multi-Year Tariff (MYT) and True-up petitions, including validation of input data received from client departments and alignment with applicable regulatory provisions.
• Work closely with clients to understand their requirements, provide consulting services and deliver solutions aligned with their objective of the assignment.
• Prepare client presentations, reports and effectively communicate findings and recommendations.
• Support in execution of projects in co-ordination with team leader and team members, ensuring submission of quality deliverables within timelines.
• Client interactions/ discussions/ meetings whenever necessary

D. Required skill set

• Ability to handle multiple tariff and regulatory assignments simultaneously and deliver outputs within a structured, deadline-driven consulting or utility environment.
• Strong hands-on experience in financial and tariff modelling specific to the power sector, including ARR, MYT, True-up and tariff design.
• Should possess hands-on experience in working on policy, regulations, regulatory due-diligence, Fuel cost related analysis etc. for Govt./ Private power utilities.
• Should have assisted multiple power sector clients such as Electricity Regulatory Commissions, Government & Private Power Utilities, electricity consumer associations etc.
• Should stay well-informed about the latest trends and developments in the power sector regulatory landscape, including new policy notifications, amendments to the Electricity Act, and emerging regulations.
• Must possess strong written and verbal communication skills.
• Should demonstrate excellent analytical and problem-solving abilities.
• Must have a proven ability to work effectively both independently and collaboratively within a team.
• Should be proficient in data analysis and adept at using presentation tools.
• Must have expertise in conducting in-depth research.

E. Education and Experience

• B. Tech with MBA.
• At least 8 years of experience in power sector tariff matters.
• Preference will be given to MBA in Finance/Power/Energy Management.

F. Location

• Open to travel for project execution and management

G. Remuneration Structure

• We offer a motivation based and competitive reward package.